What does it mean if the government eliminates Freddic Mac and Fannie Mae? It will cost Buyers more money to borrow money with higher interest rates and larger down payments which are all part of what could happen. There is no doubt drastic changes are on the horizon. Over the next several months we need to pay attention to what is being proposed and how that will effect you as a homeowner and future home buyer.
Read on about the winners and losers of the new housing plan - http://reut.rs/gdaupD