Mortgage Rates Fall

With the recent government ‘takeover’ as some call it, of Fannie and Freddie there is a renewed assurance that the secondary mortgage market will continue to function and all outstanding loans will continue to be insured.  This relief has led to a immediate and significant drop in long term mortgage rates for well qualified buyers.

 

If you have been standing on the sidelines waiting for a sign to jump into investing in the real estate market this is the sign. Investor loans for well qualified buyers are down to as little as 6% on a 30 year fixes loan according to one lender.  There has never been a better time to invest in real estate for passive income, so get going.

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