It's just an idea right now, but under the proposal, the U.S. Treasury Department would lower the rate on 30-year mortgages to 4.5% by purchasing securities from Fannie Mae and Freddie Mac.

WOKV's Financial Expert Hank Madden says this will put more money on the table for people trying to sell their homes.

"It also enables homebuyers that would like to buy a home, to now be able to afford to move into this home," says Madden. "It is a win-win situation for everybody."

Experts say the goal is to keep home prices from falling much further and put the market on the mend.

They believe the economy will also restrengthen when homeowners spend the money they saved by refinancing.