“Remarkably low rates are not enough," said Mortgage Bankers Assn. economist Michael Fratantoni, noting that many homeowners have difficulty refinancing because of "lack of equity in their properties, poor credit and a weak job market.”
Maybe we should just make loans completely free for 30 years and see if that helps to restore housing stock "values" (whatever the fuck the word "value" is supposed to mean anymore).
It's Over (but don't worry, it will come back in 20 or 30 years or so)
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