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Housing Market

October 15th, 2010 at 07:14 am

I can't believe I didn't post all summer. Whirlwind! Anyway, home today and watching the business news. Bank of America will be lowering the mortgage rates across the board for homeowners in Nevada to try to help with the housing crises. While I think this is more fair then lowering the mortgage balance, reports indicate that even with the lower rate, homeowners may make a few mortgage payments but eventually will revert to the same position they were in before. Such a mess

1 Responses to “Housing Market”

  1. Jerry Says:

    This is why it is crazy to try to lead our way out of this mess in such a way... when loans are made to people who are unWILLING to pay them back, it's going to end up a mess. That is why there is mortgage insurance, I think, isn't it?
    Jerry

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