Home Buyer Benefits

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Real Estate Agent with Estate And Homes Realty

Takeover of Fannie Mae, Freddie Mac to Bring Short Term Benefits to Home Buyers
The federal government's takeover of secondary mortgage giants Fannie Mae and Freddie Mac should, at a minimum, benefit home buyers in the short term, according to the National Association of REALTORS®. For example, a sample of mortgage lenders recently said that rates dropped 3/8 of a point within 24 hours of the announcement, and an additional drop is expected before week's end. NAR fully supports the action of the U.S. Treasury and the Federal Housing Finance Agency and has provided a summary of the takeover and talking points for your use in speaking to members, local officials and the media. Follow the link below to view this valuable information.
http://www.ncrealtors.org/uploads/OTO-GSETakeover9-8-08.pdf

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