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<p>[QUOTE="Gilbert, post: 7692463, member: 73104"]At least one of the FED presidents is suggesting that this presumed bubble in housing should be dealt with by scaling back on their buying of MBS. </p><p>The only thing that artificially low interest rates and purchase of MBS has accomplished is to pump up house prices and the stock market. The down side is many young buyers are starting to think they will never be able to afford a house.</p><p>And what will happen if they “normalize” interest rates?</p><p>Interesting times we live in.[/QUOTE]</p><p><br /></p>
[QUOTE="Gilbert, post: 7692463, member: 73104"]At least one of the FED presidents is suggesting that this presumed bubble in housing should be dealt with by scaling back on their buying of MBS. The only thing that artificially low interest rates and purchase of MBS has accomplished is to pump up house prices and the stock market. The down side is many young buyers are starting to think they will never be able to afford a house. And what will happen if they “normalize” interest rates? Interesting times we live in.[/QUOTE]
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