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Ace_of_Wands

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Ace_of_Wands

Re: HUDDUH post# 3910

Monday, 02/25/2013 7:45:40 PM

Monday, February 25, 2013 7:45:40 PM

Post# of 17758
Oh the 30 yr mortgage?

That gets to the dilemma at the heart of the debate over housing finance. It is possible to have either a housing market without government backstops, or a 30-year, fixed-rate mortgage with no prepayment penalty. It probably isn't possible to have both.



Not too worry, the Jebs and boehn-heads of this fine nation are working on making the 30yr obsolete, once they rid us of that pesky middle class...

harumph.
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