Friday, July 30, 2010
The $45 Billion Stimulus: What If All Mortgage Holders Were Automatically Refinanced to Current Market Rates?
Current mortgage rates are about 4.5%. Re-fi's would free up $45 billion for consumers to
waste stimulate the economy. The short version is at Zero Hedge. The long version, HAMP, and downsides are at CalculatedRisk. (ht: serious buyer)