For some reason, I think this is a good thing
IMHO the rates reflect the belief that the long term prospect of inflation in the US is very low and confidence that the dollar will remain strong..and the economy strong long term is good. I think this reflects underlying strength of US economy and belief by all investors that the US and the $ can't be beat..in the long run.
The realestate boom could be greatly reduced by raising tightening the credit requirements and drying up zero down loans.
I took macro and micro econ, but I am clueless about why this would be a bad thing.
I guess I would have to be an econ major to figure it out...lol
What a shame. The government is having trouble manipulating the markets.