How will the government's plan to phase out mortgage kingpins Fannie Mae and Freddie Mac affect us city folk? According to the Times, "The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product...Interest rates would rise for most borrowers, but urban and rural residents could see sharper increases than the coveted customers in the suburbs." Buy now or be priced out forever? [NYT]
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