Increase in U.S Mortgage Rates after the Presidential Election

Mortgage Rates Calculation

A week following the election, mortgage rates soared sharply. It is believed that the housing rates will get even higher in 2017. It’s because the housing rate is closely tied to the stock market. When there is an inflation in the stock market, the mortgage rates also goes up. And we all know that there … Read more

Elimination of Fannie and Freddie: More of The Same?

Recent government plans to overhaul housing finance call for mortgage programs Fannie Mae and Freddie Mac to be replaced by a number of smaller companies that would carry out the current role of these two large agencies. Currently both Fannie and Freddie create and sell mortgage bonds backed by the federal government, but current proposals … Read more