There was some talk late last year of Fannie Mae and Freddie Mac lowering interest rates to 4% - 4.5% as a way to stimulate home buying once again. I haven't heard whatever since then and I think it is about time we take a grassroots attempt into manufacture this or something like this a reality.
With artificially low mortgage interest rates guaranteed by the government investors will come into the market and buy the depressed properties. The banks need to get these types of properties off their books and get back to good basic fundamentals which have been lost by most institutions over the past decade.
Calculate Mortgage Interest
Here are the highlights of my plan as the new real estate counselor to President Obama (wouldn't that be nice)...
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