With Sundays shocking news that the US Government has Nationalized Fannie Mae (FNMA) and Freddie Mac (FHLMC) the government backed secondary mortgage purchasers the National Association of Realtors has noted that this may be a great opportunity taken by the government to ensure that liquidity remains in the housing market.

With the housing market expected to pick up in the next quarter and the housing stimulus package assisting in giving the market a boost keeping control of two of the key players in the home financing arena is a courageous move which many have applauded. The National Association of Realtors has stated that it is always willing to work with Congress and of course sees that maintaining the liquidity and confidence in the housing market is of the most importance by ensuring that there are fair mortgage loans available to borrowers.

This is definately something which will have an effect on the market, after the decision was announce on the stock markets the dollar received a boost and banking stocks had a brief rally showing that it already instilled confidence in US finance.

If you are looking for a property in Sedona Arizona then please contact Claudia Ault and her team in downtown Sedona. Remember that with mortgage rates low and a great selection of inventory now is the time to buy!

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