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News Link • Housing

Analysis: How low can mortgage rates go?

• Reuters
Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.

1 Comments in Response to

Comment by David Jackson
Entered on:

   Doesn't anyone see that the continuance of low interest rates doesn't mean a tinker's damn to a population of people who don't have any money and even less credit? It doesn't matter if houses are $1,000 each if you can't get a loan or only have $500, except if your one of the wealthy and connected money changers and can pick and chose the choicest properties, at such bargain prices. (Can anyone say, "trickle-up" economics?)


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