Since the announcement Sunday, Sept 7, 2008 regarding the U.S Government bailout of Freddie Mac and Fannie Mae, the nation awaits an enlightened turnaround.

The goals are simple, the government is to guarantee Freddie and Fannies debt, therefore calming investor frustration and securing their investments so that they become confident in investing more money into the Financial Institutional Giants. What this means for the consumer is more affordable mortgages, availabilty of mortgage financing, lower interest rates(short term), and a stable real estate market! We have already witnessed banks coming down on their interest rates, for many 5-6 month lows.

Since the announcement REIT’s (real estate investment trust), bond insurers, and the regional bank sector index experienced notable gains.

Like all things time will tell; however the news thus far is great!

Treasury Announcement