This weekend's announcement that the government will take control of Fannie Mae and Freddie Mac will likely translate into savings for buyers and potential refi savings for homeowners in the near future!
According to Caleb Legrand at Evergreen Mortgage, until now the government has only quasi-guaranteed these mortgages, and investors have been nervous about buying them, keeping our rates a full 1% above where they should be based on history. Now that the government is fully backing them, we should see rates fall further, creating a perfect time to buy or refinance.
So if you've been thinking about buying, the savings on houses combined with a coming savings on rates means it is time to move!! Call Dreamfinders in Upstate SC at 864-607-1189 today to get started finding your dream home today!!