Should the Government freeze interest rates?

I wanted to know what you think about Bush’s plan to freeze mortgage rate for 5 years for homeowners with arms? Do you think government should be involved?

Answer #1

Hi,

I think it’s a great thing. With the spike in mortgage rates, there would be a ton of foreclosures in the near future. This freeze in the rates will forestall a major foreclosure crisis.

What do you think?

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