Posts Tagged ‘fannie mae and freddie mac’
Fed Intervention Lowers Interest Rates
Many of you may remember when the Fed issued the statement that they would be taking over Fannie Mae and Freddie Mac that interest rates dropped 5/8 to 3/4 of a point overnight. That had been a drop Read the rest of this entry »
Mortgage Interest Rates Fall-For Now
Over the past year, there have been numerous failures in the banking and lending industries. Even the government tried with it’s own feeble attempts to Read the rest of this entry »
Who Exactly Sets The Interest Rates?
Over the past few months I have had both current clients and potential clients calling and asking why haven’t the interest rates dropped more. “The Fed Funds Rate is really low.” “How long will it take for mortgage rates to go down ?” “I’m going to wait a little longer, I know they will Read the rest of this entry »
Time To Refinance With The Coming Changes In FHA?
The Senate has recently passed Senate Bill S 2338 which changes dramatically the structure of the standard FHA program. In recent years FHA programs have not been used to any extent here Read the rest of this entry »