Interest rates are going down... and Hillary wants to freeze them for 5 years? WTF?

[scheming daemons]

How in the heck does that help people?

Don't freeze them on the way down... that's idiotic policy....

[jasmine621]

1. When they get around to voting for this, they will be at their lowest.

They are not going to get much lower than 4.75% I think it is a good move.

[Seeker30]

2. No its not

[bellasgrams]

3. I would say if it gets much lower we won't be in a recession we'll

have a crash, if they're frozen while that low it can only help the housing industry.

[kirby]

4. Apples vs Oranges...

Existing ARM mortgages, especially subprime, are increasing to rates like 9%. Its those she wants to freeze. Personally, I think it just delays pain.