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When looking at getting a mortgage, one of the best options is going to be a fixed rate mortgage, or an FRM. A fixed rate mortgage is a mortgage with an interest rate that remains the same for the duration of the loan. Meaning that as time progresses, monthsWhat’s the Best Fixed Rate for Your Mortgage?
When looking at getting a mortgage, one of the best options is going to be a fixed rate mortgage, or an FRM. A fixed rate mortgage is a mortgage with an interest rate that remains the same for the duration of the loan. Meaning that as time progresses, months, years, or even several years, the interest rate on your payment will never change. Sounds pretty good right? Fannie Mae No, not your weird aunt. Fannie Mae is the more commonly used moniker for the Federal National Mortgage Association. In the 90's Fannie was one of the most powerful and most profitable companies in the world, But despite the impressive reputation of this powerhouse company, a lot of people feel that Fannie Mae pl...Keep on reading: What’s the Best Fixed Rate for Your Mortgage? Read more