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.

Part of its “Keys To Recovery” campaign, this initiative will apply to homebuyers all across the country, regardless of local market conditions. Since the biggest obstacle for many first-time home buyers is saving up enough money for a down payment, this is great news if you want to take advantage of the current Dallas real estate market!

Tags: Dallas Real Estate, Fannie Mae, freddie mac
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