Everything Real Estate

Monday, July 04, 2005

Could a lease on Fannie and Freddie cool the real estate market?

Here's a recent headline from CnnFN:

"Tighter leash on Freddie, Fannie urged
Report: White House, GOP leaders want tougher controls on mortgage finance firms."

What makes real estate such a lucrative, protected investment in this country is that Fannie and Freddie backed mortgages enable you to get a sizable loan at a decent interest rate. Fannie and Freddie provide the end-user liquidity so that folks can leverage their $$$ to buy real estate properties.

What's interesting is that Congress is thinking about limiting this Freddie and Fannie backed protection ...

Perhaps in the near future, it will much harder for houses beyond $500k to get Freddie and Fannie backed protection at a decent interest rate.

So, what does that mean for you? Well - refinance while you can still get a decent rate from a Freddie or Fannie backed mortgage.

To learn more about this topic, go here: http://www.ussavingsnetwork.com/

You'll be glad you did it if Congress cuts off liquidity from Freddie and Fannie backed mortgages.

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