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How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac?

The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product, housing experts on both sides of the political aisle say.

Interest rates would rise for most borrowers, but urban and rural residents could see sharper increases than the coveted customers in the suburbs.  Read entire article: 
http://finance.yahoo.com/loans/article/112270/without-loan-giants-30-year-mortgage-may-fade?mod=loans-home

We'll shop many insurance company rates to find you the most affordable Homeowners Insurance . 
Contact Us at (800) 807-6871 to get you started!

Posted 10:53 PM  View Comments

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