Near Term Impact of Fed Takeover of Fannie and Freddie

September 10th, 2008

While the long-term impact is clearly uncertain, in the short term mortgage rates have improved dramatically. Over the past several days rates have improved from 6.5% for a 30 year to almost as low as 5.75%. If you are interested in refinancing, now is the time to look at it. This can only help make Maui real estate more affordable.