Tuesday, January 18, 2011
The debate over the federal government's role in the home mortgage market remains a stalemate even as taxpayers continue to provide billions of dollars to keep government-sponsored mortgage giants Fannie Mae and Freddie Mac in business. At issue is whether the duo should continue to make low-cost subprime mortgages available to those who can't necessarily afford them. Already, their losses on such mortgages are conservatively estimated at at least $300 billion.
A new Rasmussen Reports national telephone survey finds that only 26% of Americans think the government should be primarily concerned with making it possible for more people to own a home as opposed to making sure that the only people who can get mortgages are those who can afford them. Sixty-three percent (63%) disagree and say the government's primary concern should be limiting mortgages to those who can pay them back. (To see survey question wording, click here.)
Not surprisingly, adults ages 18 to 29 feel more strongly than their elders than the government should focus on helping more people own a home. Those who earn less than $20,000 a year are far more likely to agree than those who make more.
Most homeowners continue to show little optimism that the housing market will turn around in the next year but are more hopeful than they have been in several months that things will get better in the long term.
The survey of 1,000 Adults nationwide was conducted on January 14-15, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.Rasmussen subscribers can log in to read the rest of this article.
ORRasmussen Reader subscribers can now get full access to current articles for 1 year for $24.95
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.