The Real Estate Wonk: Another perspective on the rate freeze - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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December 8, 2007

Another perspective on the rate freeze

Patrick.net, a bubble blog, doesn't think much of the plan to freeze interest rates for some subprime borrowers, but not for the reasons you keep hearing on the news:

Potential buyers face higher prices for a house than they would if the market were just allowed to work. This is a direct harm to millions of people, especially young families with limited income.
Is it illegal for the government to manipulate markets to benefit one class over another?

Posted by Jamie Smith Hopkins at 1:24 PM | Permalink | Comments (0)
Categories: Foreclosure help

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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