politics and the housing market: Funding Payroll Tax Cuts on the Backs of Home Buyers
- 01/19/12 09:13 AM
The government just keeps on with it's "share the wealth" programs...
This time it's an extension of the 2% break in Social Security payments - funded by a new 1/2 point Fannie Mae / Freddie Mac loan guarantee fee. According to my sources, this will result in a one-fourth to one-half percent rate increase for home buyers.
I suppose no one should complain - after all rates are lower now than anyone can remember them being in the past. But still - it's taking from one to give to another. And it just might slow the housing market at a … (8 comments)
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The government just keeps on with it's "share the wealth" programs...
;)
;)
;)
