What Does Freddie Mac & Fannie Mae Mean To You?

So on Friday it was leaked that the government is taking over Freddie Mac and Fannie Mae.  On Sunday it was official.  Freddie Mac and Fannie Mae have now been taken over by the federal government.  But what does it mean for the real estate market, mortgage interest rates, and the US economy. 

First let’s look at what it means for mortgage rates.  I would expect that the government takeover…CLICK HERE FOR FULL ARTICLE