area lenders cheer fannie, freddie bailout; mortgage rates drophilton head island area mortgage professionals are cheering the government's takeover of mortgage giants Fannie Mae and Freddie Mac, saying it will lower interest rates and possibly spur buyers to close deals.libor could indicate mortgage market recoveryfinancial solutions company think money have said that the recent drops in the libor could mark the beginning of a recovery in the mortgage market, but warned that the successful implementation of the government's bank bailout scheme will be key to ensuring that rates drop further and activity within the mortgage market can return to normal levels.why haven't mortgage rates declined?the federal reserve began to slash short-term interest rates almost a year ago. yet mortgage rates are higher now. what gives?figuring out who owns a mortgagenew york -- when you write your monthly mortgage check, your signature may be the first stop on a journey that takes your money to the other side of the world. |
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