Wednesday, September 7, 2011

WSJ: Will Refinancing Stimulate the Economy

One policy idea being floated involves the federal government influencing Fannie Mae/Freddie Mac to underwrite a massive program to refinance existing mortgages at current, relatively low interest rates.  An assessment of the problems with this idea is contained within the following link:

http://blogs.wsj.com/developments/2011/08/30/will-refinancing-stimulate-the-economy-2/

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