WASHINGTON, D.C. – October 27, 2014 – (RealEstateRama) — The nation’s mortgage giants, Fannie Mae and Freddie Mac will offer home mortgages to consumers with as little as 3% down payments, close to what the federally backed mortgage insurance giants offered before the financial collapse, according to a new report by MortgageRatesFast.com.
The announcement on the re-introduction of extremely low down mortgages was made at the Mortgage Bankers annual convention in Las Vegas. Increased job hiring by employers is expected to help boost home sales more consistently in time as the economic reality of a recovering but sluggish U.S. economy is accepted by Main Street.
Higher rates charged by the Federal Reserve usually translates to higher mortgage rates set by banks and mortgage companies on home loans. Visit Mortgage Rates Fast for in-depth analysis on the U.S. housing market and how it will be impacted by mortgage rate fluctuations. The economic website forecasts mortgage rates on a regular basis to keep consumers up to date with the latest information on U.S. home loans.
Expert business journalists, including specialists in bonds, real estate and banking provide detailed reports and forecasts so consumers can better protect themselves in the world of finance, and get mortgage rates at the lowest available for consumers looking to refinance or shop for a home mortgage. The website also regularly surveys consumers on a variety of issues related to money matters.