Fed to become lender for jo public 1.5 percent morgate econy will turn, change back into inflatin mode.
How stupid is that? Further penalize those who save & are responsible with money. Help those lucky enough who have good jobs & can easily qualify for mortgages & buy (since banks are mainly lending to well qualified borrowers). Cause inflation of prices & price other people not as lucky or temporarily not qualified to buy out of the market. Fuck up the housing market with bubbles & contractions even more. The housing market does NOT need FED/Gov meddling!
Are you making this up? Is this for real? Hell...I will refi at 1.5% if thats true. I will also pull out a little equity at that rate.