Birdwatch Note Rating
2024-05-29 02:48:50 UTC - HELPFUL
Rated by Participant: 9E1310E9C6063404A3EEA43BAF8F2A4C403E22EBCF66A78D975B4A4362BEC81B
Participant Details
Original Note:
These home loans would be funded by government bonds — if the interest rate on those bonds were above 3% or people defaulted on the mortgages, it would cost taxpayers money. Current 30 year interest rates are almost 5%. https://abcnews.go.com/amp/Politics/2024-presidential-candidates-economy/story?id=103313103 https://www.barrons.com/market-data/bonds/tmubmusd30y?countrycode=bx&mod=article_chiclet#
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