Fannie and Freddie
Published On: March 28, 2011
The federal government, to save tax dollars, is floating an idea to eliminate Fannie Mae and Freddie Mac. Even after a government supported bailout in 2008, by 2010 90% of all home loans in the U.S. still ran through Fannie or Freddie. Even though these privately owned but government supported has had profitable years, much of the risk is still with the taxpayer. Can the home mortgage industry survive without them? If you are planning on buying or owning real estate, consider your options and realize that interest rates are still low, the market is flush with very nice homes and loans are available. The time to buy is now! No doubt interest rates will start to rise as the economy (and the weather) heats up. Come to our Open Houses this next Sunday and check out a few homes, we can show you more!
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