Low rates along with news of Freddie Mac’s announcement that delegation agreements have been signed with mortgage insurance companies allowing Freddie Mac servicers to approve short sales more easily, may create even more sales than expected in the coming winter months and keep homes at risk of foreclosure available to home buyers, too.
Eligible buyers can currently lock in rates averaging 3.39% (.7 points) on a 30 year fixed rate mortgage or a 2.70% (.7 points) on a 15 year fixed rate loan as reported in the PMMS.
Are you looking for a way to avoid foreclosure? A short sale may be the answer and now is the time to sell your home.
I’d like to help… Contact me to see what options you may have. To find out more about the Freddie Mac announcement on short sales, click here.