Late to the party but better late than never, the Federal Reserve announced yesterday that they were purchasing up to $600 billion in mortgage related debt, $500 billion going towards “direct obligations” in government sponsored enterprises (GSE) and mortgage backed securities (MBS) from Fannie Mae, Freddie Mac and Ginne Mae. This is widely seen as [...]
Rate Lock and Shop
July 9, 2008 By Leave a Comment
Photo Cred So if you waiting to buy a home for prices to fall just a little bit farther, you might have ran into a double edged sword. Interest rates are creeping up and it’s hard to know when they might stop. With just about everything increasing in prices, interest rate hikes is not when [...]
