Selasa, 09 September 2008

What Does Fan/Fred Takeover Mean for Mortgage Rates? And for Whom?

What does the Fan & Fred takeover mean for current mortgage holders, and what can it mean for prospective buyers?Rates should go down: "The average interest rate for a 30-year fixed rate mortgage dropped 0.3 of a percentage point to 6.04 on Monday, according to HSH Associates, and are expected to decline a little more in the coming weeks."Why? Because the government has now taken on the "risk"

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