Fannie Mae-No Politics (FNMA)

[Pecker9Wood]

30 year fixed at 3.69% and Fed is expected to cut a quarter point. At these rates you don't have to rely on the twins for mortgages loans. Going crazy low again. There is a generation of young people who just 15 yrs ago can't imagine higher rates. Loan rates prior to housing bust where more then twice todays. More people living in muti living or apartments must be thinking about owning as the mortgage rate gives them more and ownership is an investment. What would sweeten the pot is to reverse the salt tax. That was a mistake. Also Trump needs to push hard for the tax plan he ran on. That way student loan types which is about 1.5 trillion would stand a chance to have discretionary income to own a home and pay on loan. All this activity would go a long way on debt from tax revenue from peripheral business activities. Remember a bipartisan group lead by Simpson and Bowles only answer to paying down debt was to grow us our of it. The debt was considered huge then and it more true today.