Anyone who has followed the Bend, Oregon, real estate market coming out of the great recession has probably wondered: How long can prices keep rising? After all, mortgage interest rates have moved off their historic lows and appear headed for further increases. Higher interest rates cut into consumers’ buying power, and homes that are out
New Survey By Freddie Mac Shows Many Homeowners Are Still Overpaying For Their Mortgages By Jason Boone Thanks to a recent survey by Freddie Mac we know that close to 1 million homeowners across the United States are overpaying for their mortgages each month. Even though mortgage interest rates dropped to a low of
Thanks to their recent quarterly reports, we know that Fannie Mae and Freddie Mac both enjoyed profits during the third quarter of this year. Fannie Mae had a profit of $8.7 billion, while Freddie Mac had a profit of $30.5 billion. What does this mean for the American taxpayer? It means good news because; both
This summer when the Federal Government announced that they were no longer going to buy mortgage backed securities that shot up mortgage interest rates and sent the Real Estate market into a temporary state of shock until the Fed backed off on their plans. Last week the Federal Government announced that Freddie Mac and Fannie
Fannie Mae & Freddie Mac announced this week that they are going to take a more aggressive stance with unscrupulous lenders, especially those who have been taking shortcuts recently when it comes to originating their mortgages. How Will The Changes Work? As with any changes that Fannie Mae and Freddie Mac announce regarding the mortgage
1033 NW Newport Ave.
Bend, OR 97703