Tag Archives: Fannie Mae

Fed Acts to Keep Interest Rates Low

Concerned about the slowing pace of recovery, the Federal Reserve on August 10 announced renewed efforts to keep interest rates low. As reported by The New York Times, the Fed will reinvest proceeds from its mortgage-bond portfolio in long-term government securities. For home buyers, it means mortgage rates should remain near historic lows for some time. Continue reading

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Fannie Mae Offers New Incentives for Homebuyers

Fannie Mae is offering a 3.5% incentive* for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on HomePath.com that are closed within this period may receive up … Continue reading

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Congress Votes to Extend FHA , Fannie Mae and Freddie Mac Loan Limits

Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading

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