Is Zero Percent interest rate policy (ZIRP) on the way for real estate and mortgages ?? Rates are practically there!!
Today, in an unprecendented move General Motors Corp. says it is offering financing as low as zero percent over the next week for several 2008 and 2009 models in a big year-end sales push.
The news comes after its financing arm agreed to take a $5 billion bailout package from the Treasury Department.
I bring this to your attention and ask if this is a sign of things to come for the mortgage market ??
Would it help stop a slide in real estate prices ???
Would it help re-finance ??
or
Are we just starting another bubble ??
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