Fannie Mae-No Politics (FNMA)

[seven7]

How do you see this unfolding? Rates will drop to 4.5 for new buyers; banks require 20% down. Unemployment is going up. How do we get the mortgage market to stabalize. I believe we can use Fannie Mae but I don't see the solution. Maybe Obama will have the answers in the stimulus package. I believe people will have to save to buy a car or house now which will be a struggle considering they are losing their jobs and homes. A Paradigm Shift is about to happen. No more credit as we are use to (No money down); which I believe is good. When you give someone something for nothing they will not appreciate it. I understand the demand for Fannie Mae but I don't see clearly. Charts are good but this seems to be an emotional season. May be I will have a better understanding with your vision. Thanks in Advance. Im looking for a move around mid month. Just feeling that the rate cut to 4.5 will come with more good news.