WaltB

10 Stupid Moves That Created This Mess

Mortgage rates are still too high to stem the horrible decline in home prices. Home prices dropping is the root of this recession/depression. The government could make rates 3 percent (for the first 10 years of the loan) next week if they wanted. And they/we pay less than 10 percent for 10- year money at this time. This is a simple no cost way to get a base in on home prices before homes drop another 30 percent.