June 11th, 2014 10:34 AM by Eric Fang
A few days ago, I had a blog saying that we hit the short term bottom of the interest rates. And it proved right again. So from now on, the rate will go slightlyup for a few days/weeks, then it might go down again,but remember, every time after this spiral cycle, we will see the good rates behind us. And it might be hardto get 30 year fixed rate 4% again in a long time.
Obama planned to help the student loans, and thereare lots of news about: 'Student Loans killing Housing"."what's all this talk about the burden of student loans? It's simple, you take out a loan for anything, and then you pay it off, right?" Yes, I agree; however the conversation is a little more complex, as we're not talking about financing a Honda Accord. Some believe there is a systemic issue with student debt, that the ever-increasing cost of financing a college education, disproportionately carries over into young adulthood; that this debt, prohibits a vast majority of young adults from buying that 'starter home'. This is turn, impacts housing consumption levels.
And Obama Administration wants to fix that.