Working Joe 134

30-year fixed mortgage rate jumped to 5.59% last week, Freddie Mac says, the highest since last November. Last year at this time, the rate was 6.32%.

5.75% seems to be kind of high considering it was at 4.75% a couple weeks ago, and we've seen 5.5% many times this past (Pre-Bailout) decade.


On Jun 11 12:36 PM User 429879 wrote:

> all in all - 5.75% on 30 Yr is a great rate. Inventory is overpriced
> still and with low rates it will continue to be. Fundamentally we
> need bottomed out purchases and not refinances for long term fix.

New Nuclear Plants Not Viable Without Government Support

Building new nuclear plants would put many people to work both building the plants and then running them. It sounds like a win/win situation to me.

Approaching Zero

Lowering rates wont do a thing for the economy. We need more Jobs!
The government should spend some money on building nuke plants, or fixing bridges and levees. And maybe inact protectionist policies for our industries that havent been shipped over seas.