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available for new home purchases. “Home equity is also extracted through home sales when homesellers roll only part of the equity from the sale into new downpayments. A recent study co-authored by Fed Chairman Alan customer countrywide home loan put this form of equity extraction at roughly $350 billion customer countrywide home loan 2004 and $300 billion in the first quarter of 2005 at an annualized rate.” Freddie Mac expects 30-year fixed mortgage rates to rise through the end of the year, ending with a fourth quarter average near 6.0 percent, approximately one-quarter of a percentage point higher than the third quarter average. A commercial lender offers loans backed by hard collateral. In most cases this is customer countrywide home loan estate, but it can also include factoring, non-conforming
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