Fannie Mae

Condo loans nearly non-existent; Rates still rock bottom, for now

Richard Uhl, real estate loan manager for First Interstate Bank in Jackson, and his associates visited the Sotheby’s office this morning to discuss the current lending climate. About a dozen agents took advantage. Beyond reiterating what we’ve all known for more than a year – lending guidelines for real estate transactions are very tight these days – Uhl and his team spent most of the half-hour...

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