I just received my BIC talking points

By
Real Estate Broker/Owner

I just received my talking points from the president of my local association.  The email was about the takeover of Fannie Mae and Freddie Mac.

1.  The NAR fully supports the action of the Treasury.

2.Interests rates will drop because of the action

3.The new president and congress will be responsible for the reorganization and the NAR is already working on a plan to help shape the process.

4. The action makes clear that the government will not let the financial conditons of the GSE's disrupt the flow of capital to the housing sector.

What do you guys think?

 

Comments (1)

Carey Pott
January Financial - Foothill Ranch, CA

Of course, we love the drop in rates (and are going to do our best to help our clients benefit), but we wish in many ways that the government hadn't stepped in. We're going to pay for all this debt and messing with the free market system eventually, and this move just delays the inevitable.

Sep 12, 2008 04:00 AM