Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.
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Not only are investments in residential real estate expected to continue on its path to economic recovery in 2013, they just might add even more to it, as well as in other areas, such as investments in business, equipment and structures spending. Eager to maintain its upward movement, the Feds are expected to maintain the historically low interest rate environment we're in.