Below 3%
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Personally, I think it's not a good thing...
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
Personally, I think it's not a good thing...
I am not sure if it is a good thing or bad thing, but wondering why you don't think so.
ON a positive side, I think that owning a home will promote better care of it than if you are a renter. I think this will help the neighborhood as more people have a "stake or piece of interest" in the well being of the neighborhood.
On the negative side, people may get a home loan because of the low interest rates and if they change and go up, they will not be able to afford them.
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People will buy homes before they are financially able to do so or will buy more home than they can actually afford. There is a lot more to owning a home, than just making a mortgage payment.
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Suppressed interest rates mean zero tolerance for slow pays, etc., especially if rates go up.
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Low mortgage rates are usually a side effect of cheap money. Low interest rates kill many types of investments and lead people to over-invest in the stock market, artificially inflating values.
Always remember, Operation Valkyrie was an act of sedition.
Warning: I post things that interest me. Read and comment at your own discretion. -
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Not that long ago we were hearing calls for the "Boneheads" at the Fed to cut interest rates to zero or less.
