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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: tejek who wrote (169085)12/4/2008 3:21:46 PM
From: Smiling BobRead Replies (4) of 306849
 
The best thing the govt can do- in my eyes - is an across the board mortgage rate cut to 2-3% for a set period backed by Fed. Beats FF rate cut. It puts money immediately in the economy from existing homeowners and encourages home purchase. Much cheaper than any bailout and paves a sound road for economic rebound.

Who wouldn't relish an immediate cut in their mortgage payment?
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