Freddie & Fannie: What’s the Bailout Mean?

The recent bailout of two financial giants is most likely good news for consumers.

Unless you’ve been under a financial rock the past week or so, doubtless you know of the federal government’s announcement that it would bail out two of the nation’s largest mortgage holders (by some accounts, they hold 50% of all mortgages in the U.S.), Freddie Mac and Fannie Mae.

But what does this mean for buyers? Noted below are some recent comments from real estate, mortgage and economic experts, though the general opinion is that the move will serve to stabilize the credit market and make any future declines in selling prices probably lower than they would have been had the bailout not taken place.