Will this send interest rates lower?
For a little while,until production starts up. Then watch out. 1.2 Trillion dollars chasing a few commodities, or products. Plus the other trillion or so they pumped into the stimulus package.
The dollars you will be using to pay your debt in three years will be worth a lot less than they are today.
Look for a 30 year mortgage to be 4%. If this doesn’t help the home building industry, nothing will.