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Since the government announced it would be taking custody of Fannie Mae and Freddie Mac, there has been a substantial drop in mortgage interest rates which has raised the hopes that more buyers will pull the home buying trigger and help hasten the housing market recovery.. We could not agree more with that possibility. The rate on a Conventional 30 year fixed rate loan fell to 5.75% with zero.
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Real estate investors in Florida will find a housing market in recovery mode, with prices continuing to rise, especially in the Miami-Fort Lauderdale area.
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