Do You Know When to Lock Your Mortgage Interest Rate

As with anything in life, things often seem much easier on the surface than they actually are in reality. Take a look at the image of this morning’s trade of Fannie Mae mortgage bonds for example.
You may ask why this is important to mortgage rates?
Fannie Mae mortgage bonds are the underlying security that residential home [...]

Is Obama Banking on Recovery

The newly elected President Obama is under a microscope now that he has to create legislative action to fix the economy. It is no doubt that his 1st 100 days will be scrutinized for many years to come. Ironically, much of his plans are reminiscent of the “New Deal” implemented by former President Franklin D [...]

What is the Maximum Allowable Loan-to-Value

Much has transpired in the past 12 months, but none more important than the guideline changes announced by Fannie Mae back on September 5, 2008.
Within Announcement 08-22, Fannie Mae provided updates and clarification on the new guidelines scheduled to be implemented in the months to come. As of today, almost all changes have been implemented [...]