Is It Curtains For The 30-Year Mortgage?

What’s happening to the 30-year mortgage. Today 80% of all mortgages are 30-year, fixed rate, “conventional” loans, Freddie Mac says. “Conventional” means Fannie & Freddie can guarantee them, as long as they’re below a maximum amount, so they’re cheaper. By spreading lower payments over decades, conventional loans are more expensive in the long run, but they’ve allowed many people to buy a home. Read further here, an MSN real estate article, by Marilyn Lewis.

THE MULJAT GROUP NORTH | 505 Front Street | Lynden WA | 360.354.4242 |