failure in washington: Starting to add up yet Mr President?
- 10/08/11 11:45 AM
Starting to add up yet Mr President? So we have the lowest recorded interest rates in history (according to FHLMC) appx 2 weeks ago when the avg 30yr fixed rate was below 4%. And what is the next serious of news releases. mortgage applications DECLINE?!?! Decline when rates are the lowest in HISTORY? How could this be you ask? Well lets consider consumer confidence is at, or near, all time lows, unemployment is around the 15% mark, increasing taxes on the wealthy (the ones who actually pay the bulk of all US taxes, as over 50% pay none at all) + the (4 comments)
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