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Interest Rates

More Rate Hikes:

Alan Greenspan announced that the fed will continue to increase interest rates in order to keep the economy on track. Greenspan believes that US interest rates are “still fairly low” after six straight increases. The US continues to struggle with the weak economy, and the fed’s pledge to remain “vigilant against complacency” seems to indicate a lengthy road of rate hikes ahead.

Fannie Mae and Freddie Mac

Allan Greenspan suggested limits on the portfolios held by Fannie Mae and Freddie Mac. This comes at a time when many are already concerned with the liberties these two companies have been afforded, Fannie Mae facing a $9 billion restatement of earnings

Did you know?

Our average customer saves over 43% over their current mortgage. By connecting you with a local broker in your area, we allow you to retain the personal attention of a small mortgage brokerage while making use of the resources of a nationwide service. We recommend you visit our friends at Dreamtown. They can help you find Chicago condos, Chicago homes, and more information on Chicago real estate.

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