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December 22, 2008

Low Interest Mortgages – Stop the decline in home prices, stop the crisis.

 These two respected economists from Columbia University make a compelling argument for the Treasury Department to lower mortgage interest rates for home purchases and refinancing to significantly slow the housing market downturn and spur the economy. Check out their article from the Wall Street Journal. I hope the Treasury Dept. is listening because their recommendation makes sense and would help out a lot of people for the long term (certainly more than sending out lame stimulus checks again).

blog by elephant’s realtor Liz Benson

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