Posted by: hellyeronrealestate | May 16, 2011

Are we facing the end of the 30-year fixed-rate mortgage?

Many housing proponents say the government’s move to dismantle Fannie Mae and Freddie Mac means the most popular home loan will be more expensive. But how much more is a matter of debate.

Will the move to dismantle Fannie Mae and Freddie Mac mean the end of the 30-year fixed-rate mortgage as we have come to know it?

Read full article:

http://articles.latimes.com/print/2011/may/15/business/la-fi-lew-20110515

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