The big news in real estate this week is, of course, the bailout of Fannie Mae and Freddie Mac by the federal government. The move was made in order to help stabilize the market and allow prices to begin to rebound. Word on the street is that this will also create a dip in 30-year mortgage rates, allowing more people to make a move on that new home, thus speeding up the healing process for the market.
Click here to read more about the bailout and what it will mean for the market.
And share your thoughts! Just click below to post a comment on the Fannie/Freddie takeover!
