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There is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.

Mark Zandi

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Mark Zandi
Age: 54
Economist
Pennsylvania
United States
Helping
Reduce
Monthly
Better
Fixed
Payments
Take
Quickly
Significantly
Hard
Lows
Pressed
Way
Rate
Mortgage
Record
Currently
Buoy
Advantage
Payment
Buoys
Records
Rates
Homeowners

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I've done work for both Democrats and Republicans.
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Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
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The extension and expansion of the payroll tax holidays for workers would be number one on my list and key to avoiding recession.
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Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.
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