AL Eastern Shore Real Estate: Your Tax Dollars At Work
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 AL Eastern Shore 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 AL Eastern Shore real estate at JudySells.com or give us a call, 251-990-0569.