The government is allowing restrictions on Fannie Mae and Freddie Mac to be eased in order to allow the companies to finance larger home loans, as well as a greater variety of home mortgages. The New York Times reports on the move:

Combined with restrictions that were eased last month that will enable
the companies to help finance a greater variety of mortgages as well as
much more expensive home loans, the officials predicted that the two
companies would be able to buy or guarantee about $2 trillion in
mortgages this year.

While this may help with some refinancing, I’m not sure that the answer is to ensure that more people can get bigger home loans. We should be taking a hard look at how we as a society view debt, and how we can change our debt based economy.