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350B injected to banks to boost the economy..
and these are your going mortgage rates
Better yet is congress looking around going "we're not sure what to do"...We as a nation continue to operate under the notion that we will not prevent failure, but help once it occurs. So if you have that 750+ credit score, you can't get a good loan..but once you fall to around 550 or less, we'll help. We aren't going to keep you good, but help you if/when you fail. And for all of you that couldn't be trusted to manage a lemonade stand, we'll help you out immediately and let you fail again so we can help again and feel good about ourselves.350B injected, Fed rate at a quarter percent...and this is what Joe Citizen has available to him. Gee, I don't know why the markets aren't turning around. --- 30 yr fixed mtg 5.42% 15 yr fixed mtg 5.12% 30 yr fixed jumbo mtg 7.00% 5/1 ARM 5.75% 5/1 jumbo ARM 5.96%
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An unwavering defender of those I see worth protecting. "promote the general welfare, not provide the general welfare" We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America. |
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