Mortgage Blog

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 slightly
up 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 hard
to get 30 year fixed rate 4% again in a long time.

Obama planned to help the student loans, and there
are 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.