Obama's massive government spending having the opposite effect

[Finn_Jarber]

Originally Posted by sanrene

NEW YORK (AP) - The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.

But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching higher as nervous bond investors fret about a resurgence of inflation.

Not true. Mortgage rates are better than ever. I am closing on a refi this month with 4.3% fixed.

[cleanhouse]

Originally Posted by Finn_Jarber

Not true. Mortgage rates are better than ever. I am closing on a refi this month with 4.3% fixed.

They are trending higher now and that should continue.

Good thing you are doing it now.

[Finn_Jarber]

Originally Posted by cleanhouse

They are trending higher now and that should continue.

Good thing you are doing it now.

They can't stay low forever.

[bgibbs42]

What a hypocrite.

Obama urged passage of "pay-as-you-go" legislation that would require any new tax cut or automatic spending program to be paid for within the budget.

After pushing through massive spending now it is pay as you go. What a hypocrite.


UPDATE 2-Obama seeks fiscal responsibility mantle | Deals | Regulatory News | Reuters