Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (23339)	10/6/2008 4:14:58 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 25737

Re: "Which is probably "too high" of level in that its beyond the point where it becomes a positive and is a negative, both in terms of people getting mortgages who can't pay them, and in terms of having some effect on decreasing labor mobility. But I don't really want to try to determine some "right" level, and aim for it. I just want to get government out of that business. Let the market determine the right level without government incentives, penalties, or any other form of distortion." So... what happens to the 30 year fixed rate mortgage, (which never existed prior to the existence of Agencies such as Fannie Mae who created a sustainable market for such long-term mortgages)? The 30 year fixed gets consigned to the 'dustbin of history'?