There’s been a lot in the news recently about the government takeover of government-sponsored enterprises Fannie Mae and Freddie Mac. But what does that mean for the Dallas real estate market?
These agencies guarantee more than 40 percent of the nation’s mortgages and own or guarantee more than $5 trillion worth of mortgages, so assuring their continued operation is crucial in the current economic environment.
The government’s actions aimed to restore confidence and bring stability and continued liquidity to the nation’s mortgage market. Interest rates came down immediately after the takeover, and it’s likely that this will keep them low for some time to come.
Buyers benefit from lower rates, and sellers benefit from the increased demand created by buyers entering the market.
Learn more about Dallas real estate by visiting TexasHomeCentral.com or giving us a call, 972-562-0896.
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Tags: Dallas Real Estate, Fannie Mae, freddie mac
This entry was posted on Friday, October 10th, 2008 at 10:34 am and is filed under Dallas Fort Worth, Home Buyer, Housing Market, Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.