Las Vegas, NV, USA (October 31, 2014) -- MortgageRatesFast.com, the leader in information on U.S. mortage rates, reports Fannie Mae and Freddie Mac will offer home mortgages to consumers with as little as 3% down payments, close to what the federally backed mortgage insurance giants offered before the global financial collapse. The announcement on the re-introduction of the minimum low down payment mortgages was made at the Mortgage Bankers annual convention in Las Vegas.
Increased job hiring by employers is expected to help boost home sales more consistently in time as the economic reality of a recovering but sluggish U.S. economy is accepted by Main Street. Mortgage rates are near record low levels, with the 30-year fixed rate loan averaging 3.98%, according to the Freddie Mac survey.
Higher rates charged by the Federal Reserve usually translate to higher mortgage rates set by banks and mortgage companies on home loans. Visit Mortgage Rates Fast for in-depth analysis on the U.S. housing market and how it will be impacted by mortgage rate fluctuations. The economic website forecasts mortgage rates on a regular basis to keep consumers up to date with the latest information on U.S. home loans.
Expert business journalists, including specialists in bonds, real estate and banking provide detailed reports and forecasts so consumers can better protect themselves in the world of finance, and get mortgage rates at the lowest available for consumers looking to refinance or shop for a home mortgage. The website also regularly surveys consumers on a variety of issues related to money matters.
Media ContactCompany Name: MortgageRatesFast.com
Contact Person: Mike Colpitts
Email:Send Email
Phone: 702-688-3714
City: Las Vegas
State: NV
Country: United States
Website: http://www.mortgageratesfast.com
