This plan should lower interest rates, thus increasing # of home loans and stimulating building activity...hopefully.
“This plan should lower interest rates, thus increasing # of home loans and stimulating building activity...hopefully.”
Mortgage rates are very high, compared other interest rates right now.
This could drop rates a bunch, which potentially could get the housing market unfrozen.
If that happens the taxpayer outlay would be much less.
Time will tell.
Could you please detail step by step how this plan will decrease mortgage rates? I’m a bit lost by your assertion.