Wow! Have you been watching the news?
Freddie Mac and Fannie Mae have been taken over by the government! What?!
Watch the our video to see how this will affect you. Interest rates this week have surely reacted to this historic event. So much so, many lenders are renegotiating with borrowers that have locked interest rates, which just does not happen!
Also, if purchasing rental property is in your future, you'll want to see learn about some new guidelines that are in the works. If you have over 4 financed properties, you will want to know what is going on!
One more change... If you are using an FHA loan to buy your new home, it looks like you will need to put more money down. Find out how much!
It really has been an amazing week. Make sure to give us a call if you have any questions.
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