People are talking about the 30 year fixed mortgage "going away." Pundits like to imply that with the exit of Fannie/Freddie that mortgage term will disappear. First, IF Fannie/Freddie do go away they will be replaced with some other gov. entity. Second, the 30 year fixed fits extremely well with the American consumer AND mortgage lenders.
The Straight Up Answer: No need to worry. The 30 year fixed isn't going anywhere any time soon. This loan product is the number one asked for mortgage loan in America. It's here to stay.