Keeping Mortages Low

Fannie Mae and Freddie Mac , which were taken over by the federal government in September. The government will continue to keep prevailing mortgage rates low by buying mortgage-backed securities issued by the agencies. Perhaps bringing mortgage rates to fall a point.

If you have a mortgage with Fannie Mae and Freddie Mac you may want to contact them directly or your mortgage company to learn more about modifying loans to see if you quantify. President Obama's plan uses government funds to provide incentives to borrowers, loan services and mortgage investors to modify loans to affordable monthly payments.