Mortgage rates were up to 18% under Carter, how high do you think they will go under Obama?
Green Eyed Gila ver2.0 asked:
I disagree most responsible people who were smart and saved a large down payment took care of their credit can afford their mortgages - it is only the irresponsible people who bit off more then they could chew by not doing their homework and not being realistic in their home purchase.
Patrick
I disagree most responsible people who were smart and saved a large down payment took care of their credit can afford their mortgages - it is only the irresponsible people who bit off more then they could chew by not doing their homework and not being realistic in their home purchase.
Patrick
Tags: Home Purchase, Homework, Mortgages
May 28th, 2009 at 11:10 am
Rafael
Haha It doesn’t matter how high mortgage rates go if none of the lenders are handing out loans anyway.
May 30th, 2009 at 8:20 am
Patrick
18 to 22% is likely.
Rates are going to go up regardless. The banks need to make up what they lost.And still keep themselves comfortable, while paying for Obamas America
June 2nd, 2009 at 4:59 pm
Pearl
Yes I understand your logic; such as under Bush Jr, most Americans still can’t afford the mortgage rate at an all time low.
June 4th, 2009 at 10:06 pm
Todd
I’m more worried about taxes than anything. Don’t go to college and make anything of yourself. Obama’s gonna be president and take all of our money and hand it over to Quanesha and her 7 kids cause we have to “share the wealth” to put it in his words
June 7th, 2009 at 12:27 am
Charlotte
It was at 21plus % under former president Jimmy ” Hamas is not a terrorist group ” Carter.
With the bail out going to the upper management there is no way of telling.