If I understand the proposal, if I am a creditworthy person, I can either refinance my home or buy a new home at this lower interest rate, which today would be between 4 and 4.5 percent for a 30-year mortgage. I would have that fixed mortgage all during that 30-year period of time.
Discussing the implications of a proposal related to mortgage interest rates.
Share
More from Douglas Alexander
I believe it is a good thing for us to talk about change. There is a right change and a wrong change. We believe in the law of supply and demand. They believe only in demand. We believe in lower taxes; they in higher taxes. We believe in…
This trade milestone between the US and UK shows the bonds the countries have and the benefits from working closely in partnership.
You have about 30% of the Scottish population who now see voting SNP as both a habit and an identity.
I wonder if I might ask the Senator, he has been especially effective as a spokesman for the importance of fixing housing first. Many of us, especially on this side, believe housing got us into this mess and helping housing restart will…
Other voices in this conversation
