Should the Government Cap Interest Rates?
Please use Subprime Blogger to get your information on Bank of America mortgage rates. There are also several articles to help you get the low mortgage rates you want. After a very interesting week for treasury rates, I have to ask the question, “should the Government cap interest rates?” In essence, this is exactly what [...]
Unemployment Rises – The Economy is Not Getting Better
For the last several months I have been saying that the economy is not going to recover until we see job creation; private sector job creation at that. President Obama is doing everything he can to create government jobs, but what we need is jobs from all the companies listed on the stock exchanges as [...]
Obama Stimulus Check will be on Your Paycheck through Tax Cuts
I am a firm believer that knowledge is power and it seems that there are quite a few Americans who have NO knowledge whatsoever of how much President Obama is saving them in taxes. Since April 20th, “Obama Stimulus Check” has been the number 2 searched keyword for Subprime Blogger. Does America realize there will [...]
President Obama vs Subprime Blogger Investment Challenge – April 13th
On March 22nd, as I watched President Obama laugh and giggle about our economy and then make the statement “the dollar is still strong” I was in disbelief. This interview on 60 Minutes was conducted just days after Ben Bernanke and the Federal Reserve Bank injected over $1 TRILLION into long term treasuries and mortgage [...]
Rise in Mortgage Applications along with Low Mortgage Rates Could Cause Lending Crisis
For quite some time, I have made the observation that the increasing amount of mortgage applications could cause a lending crisis. With the Obama Mortgage Plan in full swing, the number of mortgage applications has greatly increased during the months of March and April. While many of these applications are getting turned away due to [...]
Mortgage Rates Under 4% May Not Help the Housing Market
As many of you know, mortgage rates have dropped to historic lows over the last few weeks. At first glance, this seems like great news for home owners and the overall economy. When you dig deeper into the prospect of lower mortgage rates, you realize that even if rates continue to plummet, it may not [...]
Obama Housing Plan Will NOT Help You Refinance
I recently wrote an article on how the Obama Housing Plan would help you refinance; I truly had hope. Sadly, the same restrictions that were in place in January, before the housing plan, are still in place today. Obama and his administration attempted to give lenders incentives to ensure that borrowers would be able to [...]
Obama “Refinancings have significantly increased. Interest rates have never been lower”
In his 60 minutes interview Preside Obama made the statement “”Well, we’re already starting to see flickers of hope out there. Refinancings have significantly increased. Interest rates have never been lower. That promises the possibility at least of the housing market bottoming out and stabilizing. It’s not going to happen equally in every part of [...]
Obama “The Dollar is Still Strong” March 22nd
Oh President Obama, you truly believe that the dollar is still strong, don’t you? You even told the entire country that “the dollar is still strong” in your 60 Minutes interview. Just to let you know, after Fed Chairman Ben Bernanke injected $1.05 TRILLION into long term treasuries and mortgage backed securities, the “strong dollar” [...]
Savings, NOT Credit, is the Lifeblood of a Healthy Economy President Obama
Earlier this week, President Obama made the statement that credit was the lifeblood of a healthy economy. So the last two years of financial diaster hasn’t proved anything to you Mr. Obama? While credit is a very important part of a healthy economy, it is not the lifeblood. I would agree with this statement if [...]
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