Mortgage rates could go to zero and it would probably not help the housing market. One obvious problem is that lower rates do not improve people’s credit ratings or access to cash for down payments, but the trouble is more complex than that.
Full Story »Pushing Mortgage Rates To Zero Won’t Help Housing
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frankly 1 year 18 weeks 19 hours 8 min ago
This guy is an idiot.
Get me rates of 1 or 2 percent and the houses will fly off the market.
If buying becomes cheaper then renting... a huge shift would occur.
Frank LL0SA