Comments on: Novel solution to housing crisis http://polizeros.com/2008/07/24/novel-solution-to-housing-crisis/ Musings on politics: anti-war, global warming, peak oil and otherwise Sat, 22 Nov 2008 05:09:19 +0000 http://wordpress.org/?v=2.6.1 By: DJ http://polizeros.com/2008/07/24/novel-solution-to-housing-crisis/#comment-154248 DJ Fri, 25 Jul 2008 14:19:33 +0000 http://polizeros.com/?p=12211#comment-154248 And why do "mortgage rates continue to rise even as the Fed drops rates"? Rates are rising because inflation is rampant and money to lend is scarce. Lenders have to charge more to make money-- and that's what they're in business for. That the Bernanke Fed thinks it can lower mortgage rates just by dropping its interest rate speaks to its incompetence. And why do “mortgage rates continue to rise even as the Fed drops rates”? Rates are rising because inflation is rampant and money to lend is scarce. Lenders have to charge more to make money– and that’s what they’re in business for.

That the Bernanke Fed thinks it can lower mortgage rates just by dropping its interest rate speaks to its incompetence.

]]> By: Ten Bears http://polizeros.com/2008/07/24/novel-solution-to-housing-crisis/#comment-154237 Ten Bears Fri, 25 Jul 2008 02:53:32 +0000 http://polizeros.com/?p=12211#comment-154237 Well, it <i>would</i> put unemployed framers back to work. Well, it would put unemployed framers back to work.

]]>