what effect will this new policy have on the housing market?

If those under the water can refi, a lot of them will prefer to keep their current homes because the mortgage is now more affordable. So the housing market will be stabilized. Am I right thinking this way?

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• people are already in low rate. as long as -pediatrician2- ♂ (173 bytes) () 09/28/2010 postreply 23:30:33

• Agree. The job market is the determining factor. -doubledelight- ♀ (51 bytes) () 09/29/2010 postreply 00:33:46