@[email protected] to News • 10 months agoA 30-Year Trap: The Problem With America’s Weird Mortgageswww.nytimes.comexternal-linkmessage-square99fedilinkarrow-up1172arrow-down125
arrow-up1147arrow-down1external-linkA 30-Year Trap: The Problem With America’s Weird Mortgageswww.nytimes.com@[email protected] to News • 10 months agomessage-square99fedilink
minus-square@[email protected]linkfedilink1•10 months agoThat’s actually a mechanism to inject more liquidity to the market. And therefore allow more loans, for more people. The opposite would mean rates would for sure increase because there would be very limited pool of capital to be loaned.
minus-square@gruelinkEnglish1•10 months agoYou say that as if we didn’t have mortgages at reasonable rates back in the day before mortgage-backed securities were invented.
minus-square@[email protected]linkfedilink1•10 months agoI didn’t quite say that. I said it would be limited from now on.
That’s actually a mechanism to inject more liquidity to the market. And therefore allow more loans, for more people.
The opposite would mean rates would for sure increase because there would be very limited pool of capital to be loaned.
You say that as if we didn’t have mortgages at reasonable rates back in the day before mortgage-backed securities were invented.
I didn’t quite say that. I said it would be limited from now on.