Tuesday, December 16, 2008

The government is trying!!

The brain trusts of America are starting to think that lower interest rates on mortgages will help to solve the housing issues in America.

Not sure if this step will be a the cure all, but it will help. I personally think it is a start in the right direction. I will even go out on a limb and say that depending on unemployment rate, the housing bust might be over in late 2009/early 2010, if rates stay low for the next six months.

http://finance.yahoo.com/news/USbacked-banks-could-be-rb-13846617.html

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