Without Loan Giants, 30-Year Mortgage May Fade Away

March 6, 2011 | Comments Off on Without Loan Giants, 30-Year Mortgage May Fade Away

How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac? The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product, housing experts on both sides of the political aisle say. Interest rates would rise for most […]

Are you Ready to Buy?

November 20, 2009 | 155 Comments

Figuring out whether you’re ready to take the plunge and buy your first home right now can be an overwhelming task. The following are a few things that may help you make the decision: 1. Are familiar with the market. If you’ve been paying attention to how much houses are listed for in the neighborhoods […]