Credit Downgrade Impact??

Credit and mortgage advice Forums Home Mortgage Credit Downgrade Impact??

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      Anonymous
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      For you that are mortgage and finance savvy, any thought on whether the recent downgrade on the US and consequent downgrade on Fannie and Freddie will have any impact on home buying, including lending standards, interest rates, etc? I did some quick searching, but didn’t see much. Is there any chatter about what this may do, if anything, to mortgage lending and home buying?

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      We are building a house now and can;t lock in a rate yet and won’t close until about December 2011, so I’m wondering what may happen.



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