Buy or Sell Homes in South East Valley of Arizona

Fannie Mae and Freddie Mac have been in the news quite a bit over the past few years, so it’s a good time to do a refresher on who they are and what role they play in the real estate market. Who Are Fannie Mae And Freddie Mac? Fannie Mae is the Federal National Mortgage Association. Freddie Mac is the Federal Home Loan Mortgage Corporation. They were originally created to raise homeownership levels and increase the availability of affordable housing. Fannie and Freddie don’t sell mortgages directly to homeowners. They buy mortgages from lenders, so the lenders can use the money to issue new home mortgages. In 2008, due to mismanagement resulting in billions of dollars of losses, Fannie and Freddie were taken over by the government. How Do Fannie And Freddie Impact Real Estate? •             They contributed to the financial crisis and real estate downturn, by loosening underwriting standards, buying and guarantee...

For the whole report-   http://www.anypresentations.com/enl/view.php?id=6763&sid=2e4c&NID=97   National Home Sales Remain Above Year-Ago Levels When it comes to predicting immediate future sales, economists rely on the Pending Home Sales Index. It tracks the number of contracts in the housing market, not closings. And while July's pending home sales were down a slight 1.3 percent, they were still 6.7 percent above last year's level.  What's more, for the past 27 months the index has stayed above year-ago levels  Rising Mortgage Rates The slight dip in the index can be blamed...  Read More What You Need to Know Before Choosing a Home Mortgage Once you have found the perfect home and it has passed its home inspection, the next step is finding the right home mortgage. There are many different types of mortgages, and each has its benefits and drawbacks. You need to understand the ins and outs of your mortgage agreement before yo...