Gov’t to target 4.5% for mortgages

[cooperthedog]

Reuters
U.S. working on affordable mortgage plan: sources
Wednesday December 3, 8:01 pm ET

By John Poirier and Rachelle Younglai

WASHINGTON (Reuters) – The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.

The plan would see mortgage finance companies Fannie Mae (NYSE:FNM – News) and Freddie Mac (NYSE:FRE – News) expand their purchase of mortgage securities to help drive down borrowing costs, the sources said.

The 4.5 percent target interest rate is roughly one percentage point lower than the average rate currently on a 30-year, fixed rate mortgage.

..snip..

http://biz.yahoo.com/rb/081203/business_us_financial_mortgages_treasury.html

[sdrealtor]

I knew this was coming and unlike HLS I beleive it is coming for everyone not just purchases. The only way I see to stimulate the economy is to stabilize the housing market AND to get everyone spending freely again. What better way than to put everyone in the country with a mortgage into a 4.5% fixed rate backed by good ole Unkle Sam. The financial institutions are already all toast. Lets just bury them once and for all and give everyone a mulligan. The weak will still lose their homes, and they will be replaced by stronger folks that can actually afford their homes. Everyone else able and willing to pay their current mortgage will get a few hundred bucks a month to put Plasma’s in every room. It will be just like the Jetson’s.

[sdrealtor]

I knew this was coming and unlike HLS I beleive it is coming for everyone not just purchases. The only way I see to stimulate the economy is to stabilize the housing market AND to get everyone spending freely again. What better way than to put everyone in the country with a mortgage into a 4.5% fixed rate backed by good ole Unkle Sam. The financial institutions are already all toast. Lets just bury them once and for all and give everyone a mulligan. The weak will still lose their homes, and they will be replaced by stronger folks that can actually afford their homes. Everyone else able and willing to pay their current mortgage will get a few hundred bucks a month to put Plasma’s in every room. It will be just like the Jetson’s.

[sdrealtor]

I knew this was coming and unlike HLS I beleive it is coming for everyone not just purchases. The only way I see to stimulate the economy is to stabilize the housing market AND to get everyone spending freely again. What better way than to put everyone in the country with a mortgage into a 4.5% fixed rate backed by good ole Unkle Sam. The financial institutions are already all toast. Lets just bury them once and for all and give everyone a mulligan. The weak will still lose their homes, and they will be replaced by stronger folks that can actually afford their homes. Everyone else able and willing to pay their current mortgage will get a few hundred bucks a month to put Plasma’s in every room. It will be just like the Jetson’s.

[sdrealtor]

I knew this was coming and unlike HLS I beleive it is coming for everyone not just purchases. The only way I see to stimulate the economy is to stabilize the housing market AND to get everyone spending freely again. What better way than to put everyone in the country with a mortgage into a 4.5% fixed rate backed by good ole Unkle Sam. The financial institutions are already all toast. Lets just bury them once and for all and give everyone a mulligan. The weak will still lose their homes, and they will be replaced by stronger folks that can actually afford their homes. Everyone else able and willing to pay their current mortgage will get a few hundred bucks a month to put Plasma’s in every room. It will be just like the Jetson’s.

[sdrealtor]

I knew this was coming and unlike HLS I beleive it is coming for everyone not just purchases. The only way I see to stimulate the economy is to stabilize the housing market AND to get everyone spending freely again. What better way than to put everyone in the country with a mortgage into a 4.5% fixed rate backed by good ole Unkle Sam. The financial institutions are already all toast. Lets just bury them once and for all and give everyone a mulligan. The weak will still lose their homes, and they will be replaced by stronger folks that can actually afford their homes. Everyone else able and willing to pay their current mortgage will get a few hundred bucks a month to put Plasma’s in every room. It will be just like the Jetson’s.

[SD Realtor]

I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now.

[SD Realtor]

I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now.

[SD Realtor]

I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now.

[SD Realtor]

I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now.

[SD Realtor]

I cannot argue with that. 4.5% puts a hell of alot of hot air in the bubble again. Forget savings… spend baby spend! Rates at that level will absolutely bring your spring prediction closer to reality. Even with higher unemployment, the biggest misconception on this site is the denial of how much money there is that is floating out there on the sidelines right now.

[sdrealtor]

Meet George Jetson….

[sdrealtor]

Meet George Jetson….

[sdrealtor]

Meet George Jetson….

[sdrealtor]

Meet George Jetson….

[Author]

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