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New Loans at 4.5% -- may be our salvation, but hurry

If the rumor mill is correct (and I think it is) there may be help on the way for real estate sales. It is rumored that Fannie Mae and Freddie Mac will be offering 4.5% home loans in the very near future. Wow - if that doesn't get the buyers to get off the fence, I am not sure they are real buyers at all. Very low homes loan rates could really jump start the recovery of the current real estate market. In fact I am starting to believe that is the only solution -- and why not, could we consider this as a "real estate bailout"? We all know that something drastic is needed to change the market.

Posted Monday Dec 08