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Friday, August 19, 2011

30-Year Mortgage Rates Now Lowest Ever, People Still Aren't Buying

It's like that scene in Groundhog Day, where Chris Elliott's character enters the Punxsutawney bachelor auction and is greeted by dead silence from the women in the crowd.... Once again, mortgage rates have dropped to record lows while potential home buyers continue to hold off on making a purchase.

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6 comments:

  1. Why buy a house when you're unemployed.

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  2. With Obama threatening to have a "penalty" tax on honmes larger than 2500 sf, and threatening to cause energy prices to "neccessarily skyrocket", and local governments threatening to hike taxes to pay for public employee pensions, an Obama threatening to eliminate the mortgage interest tax deduction, and Obama threatening to get into the landlord business, what do they expect?

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  3. anonymous 12:24 is clearly a republican. Democrats would never bring up such a thing and believe these hand outs are for them, which they are. Then they can foreclose on the property and since almost every one else in America is going bankrupt, it can't hurt their credit anyway.

    Soon enough we'll hear about legislation forgiving ALL of those people who went bankrupt because that's what democrats do best.

    America is lost and will never be found again.

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  4. My family can't afford a home so they are spending what left over money they have on ammo.

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  5. house prices are still way over priced.

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  6. With my business basically going down the drain, I would love to be able to even sell my house let alone buy a house. I am stuck paying a house payment that takes every cent I earn thanks to Mr. Obama. He has turned our country into a septic tank. I would make more on unemployment benefits so guess I should be just like all the rest and go that direction.

    ReplyDelete

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