FORTUNE -- Next week President Obama is slated to make a highly anticipated speech about jobs. Given that falling home prices have continued to strain consumers and the overall economy, many hope his speech will include an aggressive plan to strengthen the housing market. After all, the health of real estate is closely tied to households' willingness to spend and drive growth of the broader economy.
This comes as the administration considers a range of options, the New York Times reported earlier this week. They include everything from allowing millions of homeowners with government-backed mortgages to refinance them at today's lowest interest rate of about 4% to tweaking existing refinancing programs so that more homeowners take part.
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