Here is a good suggestion for homeowners who have paid on their mortgages:?

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I know this would only be one part of helping our economy but wouldn’t it be logical to lower the mortgage loan rates across the board to say 2 or 3% and watch everyone who pays their mortgages on time go and refinance. I am sure that would help to stimulate the economy. I am not an economist but it sounds good to me, especially since the banks are in major trouble they brought on themselves.

1 Comment
  1. Reply
    Tina Marie w/ a face lift
    April 29, 2011 at 11:43 pm

    Depends on which side of the table your standing on. Banks and Mortgage co.’s will never agree because it would tie up the money for too many years at a low rate. For instance: My bank gives me 2% on my CD’s but then charge you 2% interest to you. That would be a wash and the banks wouldn’t make any money. Then when and if the interest rates increase they will pay me more than they would collect from you. Good suggestion, but I don’t think it would work.

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