during this time of conflicting infromation on direction of the housing market. there have been different sets of programs put in place to help amilate so the problems housing is facing. on is the program where first time buyers get a $8,000 refundable federal inceom tax credit. Another is the federal resrve purchasing fanni and freddie mortgage back securties to keep rates low , at thisa point pretty much sub 5%. another prgram is Making Home Afforable which helps people refiance hteir homes. below is a link to the infromation about the program.
http://www.financialstability.gov/docs/borrower_qa.pdf
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