1.5% interest rate on mortgages?

What do you think of this idea to give every American a 1.5% mortgage. It would kill banks that are already hurting but would it help the economy overall?

2 Responses to “1.5% interest rate on mortgages?”

  1. That would be welcome news to anyone. It would save a lot of forclosures. But it will encourage speculative real estate investments and could drive up the prices of homes, making them unaffordable for many lower income families.

  2. john says:

    I don`t think so its a good idea. It would really really hurt the banks. It will be a big deal for the economy.