Why cant the government force bailout banks to reduce mortgage rates to 4%? - government mortgage rates
Imagine that your loan can be set at 4% to refinance for 30 years. A loan of 250K at 6.5% is $ 1580 per month. In the 4% $ 1193 per month. It would be better than all the impulses to control, bring money into the pockets of the population and the housing market in light of the fire. Why does this happen?
Wednesday, December 23, 2009
Government Mortgage Rates Why Cant The Government Force Bailout Banks To Reduce Mortgage Rates To 4%?
Subscribe to:
Post Comments (Atom)
3 comments:
They do not seem to understand that the bond is not in itself the little people to help taxpayers. It will help to fill the pockets of the banks and Wall Street firms with close ties to the Treasury Department, there is nothing to gain for the elite, by making it easier for us.
:-O
Yes, and then we will raise the minimum wage to $ 50 per hour. And pass a law saying that in return for the bailout, we should all of us a new car.
You can not be prescribed by law your way to prosperity. Markets to create wealth, not governments.
The government has control over them.
Post a Comment