The Obama administration has given congress 3 options to choose from, to decrease government involvement in the mortgage market. The 3 options are; * No Government role, except for already existing agencies, ex. FHA. * A government guarantee of private mortgages triggered only when the markets are in trouble. * Government insurance for a targeted range of mortgage investments that already are guaranteed by private insurers. The govt guarantee would go into affect, only if those private companies could not pay. Any of these 3 options would lead to higher rates. The proposal is for the government to withdraw it support of the mortgage market over the next 5-7 years. There are other meausures that would go into affect right away. One being, they would like to lover the Agency loan limits from $729,750 down to $625k. They would like that to be effective in October.