Monday, March 16, 2009
Unemployment and Mortgages
We hear so much about the unemployment rate at approximately 8 % and how dreadful it is. But nobody talks about 92% employment rate. The same can be said with the mortgage problems. Approximately, 92% of mortgages are being paid, but if you listen to our politicians you would think nobody is paying their mortgage. I would recommend that our politicians give all homeowners the same mortgage rate that Senator C. Dodd got, 4.5%. This should help most homeowners with their payments. Of course, the homeowners cannot offer anything as payback. Not to say that Senator C. Dodd did. And if you believe that, I have something to sell you.
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