MOAR free money?
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I am not sure why, but my feel is that this would not be a good idea. If people are not able to get a second mortgage, there is probably a good reason for it. Why would it/should it be easier to get from teh government and what protection is there for repaying?
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Again, the reason homeowners aren’t refinancing on the private markets is the interest rate. The interest rates are high for an effin reason, to reduce the M1 and control/curtail inflation. Having Fannie Mae buy secondary mortgages at reduced rates dumps another trillion into the M1 when we need to get money out. This is an insanely stupid idea.
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Again, the reason homeowners aren’t refinancing on the private markets is the interest rate. The interest rates are high for an effin reason, to reduce the M1 and control/curtail inflation. Having Fannie Mae buy secondary mortgages at reduced rates dumps another trillion into the M1 when we need to get money out. This is an insanely stupid idea.
@LuFins-Dad said in MOAR free money?:
This is an insanely stupid idea.
Is the economic advisor with the degrees in music an social work suggesting this?
"We can't go bankrupt - just print more money."
