Lock Your Rate Now!

Posted on July 17th, 2008 by alex

CNBC has a great article that further explains the current mortgage environment and why it so crucial to get OFF the fence and lock your rate now.  The Federal Reserve is hinting at a rate hike after their next meeting to help fight inflation.  While fixed mortgage rates are not directly tied to the Federal [...]

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Fannie Mae/Freddie Mac Fallout

Posted on July 17th, 2008 by alex

This week has been filled with chatter about the problems occuring within Fannie Mae & Freddie Mac.  Both of these quasi-governmental agencies, are under increased pressure from regulators & investors due to their recent performance.  In short, Fannie & Freddie purchase mortgages from lenders (Banks/Brokers) and securitize them as assets.  They sell these assets on [...]

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