I agree with what Richard Suttmeier writes in valuengine.com today:

“New home sales slipped 2.2% in Dec. to an annual rate of 307,000. The price of a new home fell 12.8% year over year to $210,300, and 2011 was the worst sales year on record. The inventory of new homes fell to a record low of 157,000. The Federal Reserve needs to channel money to the housing market on Main Street at 100 basis points over the yield on the 10-yr note as long as they keep the funds rate at zero to 0.25% for Wall Street speculators.

“A Main Street refinancing plan for all homeowners will create jobs and help stimulate the economy.”