How Long Will the Freeze Last?
Right now, the rate freeze is set at five years. Hilary Clinton is pushing to have the period extended to seven years, but doesn’t have the pull needed to make it happen (yet). U.S. Treasury Secretary Henry Paulson has admitted that he isn’t sure what will happen five years from now when the rate freeze is over. An extension may be on the horizon, but will most likely depend on who’s in office as well as on the percentage of program participants who still own homes five years from now.
