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Tag Archives: Backed
does my mortgage have to be backed my Freddie Mac to qualify for lower refinance rates?
Question by Chris W: does my mortgage have to be backed my Freddie Mac to qualify for lower refinance rates? I have a mortgage from Bank of America. Can I refinance with the new GOVT asst rates if my mortgage … Continue reading
Defining Mortgage Backed Securities
Defining Mortgage Backed Securities Few people understand how mortgage rates are set. While there are many influences on interest rates, it basically all comes down to what is called a Mortgage-Backed Security or MBS. A MBS is defined as an … Continue reading