WASHINGTON—The federal government is about to back mortgages of nearly $1 million for the first time. The maximum size of home-mortgage loans eligible for backing by Fannie Mae and Freddie Mac are expected to jump sharply in 2022, a reflection of the.
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And yet people who make $40,000 a year can no longer afford to buy and getting close to not affording rent.
How will the mortgages save American ? Otherwise is it expected inflation ?
Because it is a part of the great reset. When green policy hit for homes and homeowners won’t be able to comply these banks will foreclose and resell for twice the value. They are just getting a jump on the game.
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that's funny, our homes do fly. we will be spending 2 weeks in the southeast. come by and say hello?
So... like 2? Maybe 3 houses?
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Great move!
davidfrum Seeing that $1million will barely buy you a condo in parts of the country now...
Translation “gov will continue to subsidize home buying to drive home prices up further. Inflation is good live like Europeans”