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2% Mortgage for 30 years backed by Treasury !!
Since the mortgage meltdown and before the stimulus package of last
year, I have advocated this plan. Think about this method to
stimulate the economy. Every mortgage holder who is current with no
late payments for the past 12 months would be qualified. A US
Treasury secured refinance of mortgage at 2% fixed for 30 years
with a 1 point cost, what better way to free up disposalable
income? Those of us that have maintained our mortgage payments,
jobs and holding deserve to help ourselves and others. If our
mortgage's were lowered to a 2% rate, we could free up more cash to
spend and help stimulate the economy. If you agree with this
concept, write the Treasury, Senate, Congress, etc.
In response to assignment: Bailout outrage
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