Is This the Great Fina Crisis All Over Again?

In the recession that followed, intrest rates went from six point five % in december of two thousand quickly down to one point seven 5% in de December. Rates were held at one % for a little under a year. At that time, there was a major push to get people who had previously had a hard time buying into houses. Congress passed the american a down payment act which provided 200 million dollars per year,. spread across forty thousand families to assist with down payments and closing costs. The biggest change, however, was relaxing regulation in the mortgage sector.

Play episode from 04:06

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app