Housing help

[BusaBret]

So what is this latest bill going to do? Help or hurt?

I believe it will help the people that refinance but only short term. I do not think it will help the housing market. Seems to me to be an extension of the problem that started the housing crisis.

The way I see it, it will only artificially inflate the housing market in the short term and cause more problems long term.

The market is trying to correct itself and this will only stall that effort.

What is your opinion??
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[twotonevert]

Honestly, I dont know anymore. I would love to refinance, but right now I am at 5.25 and you really need to drop 2% to make it worth while. Last time I checked I would only save about 40 bucks a month, not worth the hassle.

 

[BusaBret]

Honestly, I dont know anymore. I would love to refinance, but right now I am at 5.25 and you really need to drop 2% to make it worth while. Last time I checked I would only save about 40 bucks a month, not worth the hassle.

If your not financed thru Freddie or Fannie I don't believe you have the option. That is if I understood it correctly.

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[dadofthree]

I'll stay out of it but I think it's the wrong thing to do.

 

[BusaBret]

I'll stay out of it but I think it's the wrong thing to do.

Speak your mind. I am asking for opinions only. I don't want another political bashing thread.

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[red1100cc]

im working on a refinance. it should save me a bunch of money every month, heck, even if it's 200 it's worth it for me.
the stock market is another thing. i hate it! wish i would have never invested! i shoulda just paid cash for my house.