Posted: Sept 14, 2019 9:47 a.m. ET
Would zero or negative interest levels assist US home purchasers?
The 30-year fixed-rate mortgage averages 3.56% in the U.S. Nevertheless, the Federal Reserve is anticipated to cut its benchmark rate of interest one or two more times this season.
The Federal Reserve should get our rates of interest down seriously to ZERO, or less, and now we should then begin to refinance our financial obligation. INTEREST PRICE MIGHT BE BROUGHT WAY DOWN, while during the exact same time significantly lengthening the term. We’ve the great currency, energy, and stability sheet.
There was some precedent for just what takes place when interest rates reach zero and below, of late in Denmark. (more…)