3 ms·
This blending rate would just be subsidizing the have's at the expense of the have nots. It would be a market advantage to existing low rate holders going into
by frumper 2y ago
This blending rate would just be subsidizing the have's at the expense of the have nots. It would be a market advantage to existing low rate holders going into the next 2 decades.
- orochimaaru 2y agoThe have’s are at heavily subsidized levels anyway. Anyone who could locked in a low rate in 2020, 2021 and early 2022. I don’t think they intend to move or sell unless the rates are in their favor. Blending allows for that to be possible in a gradual manner. Otherwise we are looking at real estate gridlock for a very long time. Blending is obviously politically uncomfortable. However, the “have’s” are already at a massive advantage.