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How will the Fed bailout of Freddie Mac and Fannie Mae affect home prices? ?

September 14th, 2008 · 1 Comment

I rent. Time is on my side to purchase my first starter home.

Shall I wait or jump now?

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    Tags: Mac


    1 response so far ↓

    • 1 glenn // Sep 14, 2008

      When I hear the phrase “Time is on my side” I have always thought that meant that the person feels they can wait longer than the other people because things will just keep getting better for them and not for the other people.

      I think a more accurate phrase in this case is you may have found just the right time and the right place for once in your life.

      I would not buy “just any house” I would find a great house and it is located very well. I would check it out and buy now.

      The Freddie Mac and FNMA bailouts will stabilize the mortgage market and help any recovery, but over a very short term it may scare some sellers and buyers. Take advantage of any good opportunities you can.

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