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Obama to Reduce Mortgage Costs Further

As President Barack Obama is unfolding his plan for the improvement of economy, a further reduction in the cost of mortgage seems imminent.

Analysts see it a good move as this will encourage more people to buy properties and also give a boost to the construction of new homes.

Furthermore, the wide availability of low-cost mortgages are seen as a much-needed catalyst to revive the moribund housing industry and give a new life to all sorts of real estate businesses across the nation.

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