In an effort to help reduce monthly mortgage rates and payments for homeowners, the GSEs Fannie Mae and Freddie Mac, are taking action in efforts over creating a new refinancing program that both reduces a borrower’s monthly payment and stimulates the overall economy in a positive direction. The New York Times reports that the GSEs [...]
Archive for 'Freddie Mac'
Exciting news for Venture, Los Angeles and Orange County homeowners…. California’s Senator Barbara Boxer’s (D) call for action on the GSE regulator to accept various item changes and adjustments to the current Home Affordable Refinancing Program so that Fannie Mae and Freddie Mac may begin to provide further refinance opportunities for homeowners currently suffering to [...]
The numbers are in, and rates on 15-year fixed rate loans have reached an all-time low. While the drop is, unfortunately, a sign of continuing economic downturn, Orange County home buyers and current property owners are well-positioned to reap the benefits of falling interest rates. According to the weekly rate survey from Freddie Mac, released [...]