Freddie Mac and Fannie Mae were married last monday by the Feds and now will be under the Fed family control. Will consumers now want to bet on this families growth and survival. Will it lower interest rates and revive houseing prices?
Or are consumers still too scared? Are consumers still going to sit back and wait for rates and prices to go down more so that they can brag to all their friends how they got this great big 5000 sq ft house for just under $100K in a neighborhood of million dollar houses?
Every area has had it's share of prices falling, foreclosures and bancruptcies. Some alot more than others. Some that have lost their homes say they will never want to own another home again!
So how can we in the mortgage and Real Estate industry bring back the consumers to believe in the industry.
I think our Country depends on us and needs us to bring it back. And I know alot of other countries are depending on us to bring it back. So now is the time we ban together with our ideas and bring our country back to a strong Financial future.
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