Fannie Mae and Freddie Mac Increasing Interest Rates and Fees

Starting in March 1 for Freddie Mac and April 1 for Fannie Mae interest rates for loans over 15 years could almost double, even if you have perfect credit.

Remember, if you are a buyer the cost of owning a home is more important than the price of the home.  Obviously you don’t want to overpay for a home, but by waiting for prices to “bottom out” you may be overlooking the most important part of purchasing a property or home – interest rates.  Trying to time the real estate market perfectly is like trying to time the stock market.

…Thinking of Buying

You Have Heard It But Do You Believe It

About The Author

Jennifer Wollmann

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