August 10, 2011 rummy

S&P Downgraded the USA a economy to AA+ and Moody is still at AAA+ , what does that mean to you as an investor, buyer and home seller in today’s real estate market. Fannie  Mac and Freddic Mac, is 80% owned by the U.S Government after receiving more then $150-billion in federal bailout funds to purchase bundles of mortgages from banks, providing lenders with fresh cash to make new loans. Fannie and Freddie package those mortgages to sell it to investor. Mortgage Rate: The 30-Year Fixed rate mortgage was down after the downgrade to 4.44% and expect to come to…