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Congressional Budget Office

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The latest economic policy news to be doing the rounds is American President Barack Obama’s new housing plan. The previous housing plan is being overhauled to allow homeowners the opportunity of maximizing results from the current state of the economy. The decision to tweak the plan stems from the understanding that interest rates are at an all-time low and homeowners should be allowed to make the most of the same and improve their financial conditions and renew their mortgages.

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