GreenestEgg

Fannie & Freddie: Affirmative Action for the Rich and Stupid

Great article! These artificially low interest rates have made real estate totally unaffordable for most of the country.

Higher interest rates may drop the home values and increase payment amounts, but at least the principal would go down to something that families could pay off with a few extra payments a year. The idea is to buy a house, not fund multi-million dollar salaries for wall street tycoons.