And that’s exactly what homeowners like Jim Chereskin had been waiting for. By ALAN ZIBEL WASHINGTON — Mortgage rates fell sharply Monday as investors reacted to the government’s takeover of Fannie Mae and Freddie Mac. Chereskin, of Naperville, Ill., took out an adjustable-rate loan in 2003 and has been worrying about how much his payments will rise once the loan resets to market rates ... It is relatively easier to apply for an online mortgage that it is for an offline mortgage. The Internet is a wonderful tool and one which you can take full advantage of when looking for the best deals in online mortgages.