MPO
Sorry but you are too late. I called this already a couple months back. It is the only thing that makes sense to save our economy. 4% mortgages avaliable to everyone, particularly current responsible homeowners with equity, that truly make up the vast majority of homeowners, will free up a cascade of discretionary income on our economy. Our problem goes well beyond housing and what better way to stimulate the economy than stabilize homewonership for the stable Americans while dropping an average fo $300 to $400/month of discretionary income into their pockets for plasma’s and dinner at the Outback.
