Don't blink ... you will miss something in the mortgage world that may impact your day to day business. Last Friday, after the markets closed and most folks were on their way home, the federal government announced they were in effect taking over FNMA and FHLMC (Fannie Mae and Freddie Mac). These are the entities that set many of the guidelines for the conventional home financing. While the impact of this change will shake out over the coming weeks and months, the short term impact is investors are more comfortable. Thus, interest rates improved, at least in the short term.
Now may be the time to consider real estate as part of your investment portfolio. If you would like more information feel free to contact me today donna@donnabthomas.com or call 214-629-7586.
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