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Mortgage Rates are at their lowest.....So what?!

By
Education & Training with Realty Mark Associates AB066878

I'm a glass half full sort of person. I'm a realistically optimistic personality type so my statement is not a doom and gloom retort on the fall of the American empire.

I just don't see how lower interest rates are helping our economy if the government is also putting a strangle hold on the throats of potential borrowers. Qualifications for lending mortgage money has taken a drastic turn for the worse since the beginning of this decade. It was too liberal in 2000 and now it's too conservative and totally beyond any shade of prudence.

When I have a qualified buyer, it's a rarity and a pleasure. Unless they want to buy a short sale or REO property and then that is another nightmare of paperwork and procedure.

We need to elect experienced business people to Congress. We need these people to run for Congress.

NO MORE LAWYERS who lobby for laws for self interest programs.

NO MORE RAISES ACROSS THE BOARD FOR CONGRESSMEN BECAUSE THEY HAVE A SEAT AND A PULSE.

We need legislation that stimulates our American economy not overseas jobs.

The lowest mortgage rates in history means nothing when we have the second lowest employment rates since the Great Depression.

Foreclosure sign    It had to be said. You want to make a change? Then begin with your actions.

 You want your voice to be heard? Then make sure one action is to vote this November.

 

 

Comments(3)

Mickey Hayward
Sunset Properties, Hayward Realty - Onley, VA
Farm - Land - Home Sales & Commercial Real Estate

Suzanne - I'm with you on this.  We need people in our elected offices who understand business.  Low mortgage interest rates are great . . . when someone can actually get them.

Jan 14, 2012 06:23 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Suzanne, I'm all for voting, but to be real honest with you...we need someone with substance to vote for...not just another talking head....hope I didn't step on your toes, but that's exactly the way I feel...no one worth voting for.

Jan 18, 2012 09:47 AM
Suzanne Strickler
Realty Mark Associates - Havertown, PA
School is never out for the Successful.

Mickey - The mortgage reins are pulled in too tight.

Nick - No offense taken. Change happens because people take action, voting is one of the steps we can take to make changes. If you really feel there is no one worth voting for, you should do something about it. 

Jan 19, 2012 07:09 AM