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Afternoon Mortgage Meltdown: Realtor Stimulus Plan

To be fair, it's mean to benefit us all: the National Association of Realtors today called for the feds to give a temporary $7,500 first-time home buyer tax credit and a temporary mortgage rate buy-down to 4.5 percent or less. The plan would cost about $100 billion annually, for a recommended two years. An expensive attempt to "find a bottom to this market," but perhaps a necessary one? [Inman]