The government takeover of Fannie Mae and Freddie Mac is designed to put downward pressure on mortgage rates and to ensure that home loans remain available. Those goals are made crystal clear in the statements made by public officials.

The primary mission of the two mortgage giants "now will be to proactively work to increase the availability of mortgage finance," says James Lockhart, who will temporarily govern Fannie and Freddie.

Treasury Secretary Henry Paulson says the government has three objectives: "market stability, mortgage availability and taxpayer protection." That's another signal that the government wants mortgages to remain available, at good rates, to borrowers with a low risk of default.


If the market rate is lower than your current rate then refi now and start saving immediately with our No Closing Cost loan. If the rate is not low enough today then we will put on our FREE RATE WATCH system and let you know when the rates drop.

The government takeover of Fannie Mae and Freddie Mac is designed to put downward pressure on mortgage rates and to ensure that home loans remain available. Those goals are made crystal clear in the statements made by public officials.

The primary mission of the two mortgage giants "now will be to proactively work to increase the availability of mortgage finance," says James Lockhart, who will temporarily govern Fannie and Freddie.

Treasury Secretary Henry Paulson says the government has three objectives: "market stability, mortgage availability and taxpayer protection." That's another signal that the government wants mortgages to remain available, at good rates, to borrowers with a low risk of default.


If the market rate is lower than your current rate then refi now and start saving immediately with our No Closing Cost loan. If the rate is not low enough today then we will put on our FREE RATE WATCH system and let you know when the rates drop.