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Republicans & Real Estate

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It's all conjecture, but from shutting down Freddie and Fannie to refinancing options, the WSJ looks at what a Republican takeover of the House means for the housing market. "Analysts say that Republican gains, meanwhile, could put the brakes on any effort for a massive refinance of homeowners. Some economists have urged policy makers to remove constraints to refinancing in a bid to stimulate the economy, and one proposal would allow anyone with a loan backed by a government entity to refinance mortgages at today’s rates, which are at 60-year lows." [WSJ]