Fannie Mae and Freddie Mac winding down?

By
Real Estate Agent with The Bandy Team - EXP Realty

According to an AP report on Friday, "The Obama administration laid out three broad options Friday for reducing the government's role in the mortgage market. All three would almost certainly lead to higher interest rates and costs for borrowers." These proposed options are likely to come over a period of 3 to 7 years but the net effect will be the rapid disappearance of the best Denver home purchase power opportunity in history. According to NAR President Ron Phipps, "Mortgage interest rates recently hit record lows, median family income has edged up and prices in most areas have been stable following the correction from the housing boom. For people with good credit and long-term plans, it's hard to imagine a better opportunity than what we see today."

If you're ready to take advantage of today's tremendous opportunities to buy a home in Denver, give us a call or email today!

Marianne Bandy
The Bandy Team 
RE/MAX Professionals - Denver, CO 
"From Our Heart to Your Home" 

303-746-7799 cell
Search homes for sale in Denver

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Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

they need a complete change in how they do business, from backing loans to the way they sell their reo properties , change is good but i am not sure about eliminating them

Feb 12, 2011 10:48 AM #1
Rainmaker
198,910
Cory Fitzsimmmons
ReThink Real Estate Group - Golden, CO
Realtor - Denver, CO ReThink real estate group

Thanks for the info Marianne.  Any movement up is a good sign.  I think the proverbial "bottom" has passed...

Feb 12, 2011 11:06 AM #2
Rainmaker
902,476
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
RealtorĀ®, Springfield Mo Real Estate

I read this as well.  Not sure what it will do to the real estate market, but maybe something different will help the market.

Feb 12, 2011 01:43 PM #3
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Rainmaker
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Marianne Bandy

CRS, GRI, Certified Negotiation Expert
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