Good news for sellers and buyers…
Rates are right at 4% for a 30 year fixed mortgage and applications for new mortgages are up almost 10%
More Buyers and Better Rates = Win-Win
An interesting article about two new bills being sponsored to deal with the messes at FannieMae and FreddieMac.
While neither is likely to pass, they both show continued Federal involvement in the housing market.
One Bill rolls Fannie and Freddie into one new bigger government organisation.
The other would encourage the establishment of private organisations to accomplish the same tasks.
Both would operate backed by the Federal government and supported by additional fees passed on to buyers.
Barry Bevis, Broker/Realtor
There are moments when you see a number and you have an immediate context.
Business week announced that Fannie Mae, Freddie Mac, and the Federal Housing Administration have about 250,000 homes for sale.
That means these government backed agencies own a home for every person in Leon County.
Check out the distribution map below:
Read the entire story here: