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Message: Re: 30 year mortgage at 4.85%.

Mar 26, 2009 10:35AM

So when hyperinflation its, Freddie Mac will be in yet another world of pain. I thought of buying government lots on long term paybacks for the same reason -If you can lock in for a great rate right now, the value of the dollars you owe will deteriorate substantially and the lenders won't be able to make up for it by charging you higher interest rates.

Of course, why should they care. They are "too big to fail" and the government will bail them out again.

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