The prime lending rate is up at the big banks, which could mean fixed mortgage rates start to climb too, the price for oil is finally coming down, and other business news with Mike Eppel.
The government tells us they are there to help with the housing crisis, but fail to do nothing to help the people. Yes raising the interest rates will curb spending and borrowing, but will not stop people from losing their homes. So when the government says we're here to help, they're not.
Go ahead and raise the interest rates, but put a freeze on mortgage rates so ordinary citizens can maintain their homes. Just a thought.
3 Comments
Raise them rates!
This Has Absolutely nothing to do with Blackrock and Vanguard Citizen
The government tells us they are there to help with the housing crisis, but fail to
do nothing to help the people. Yes raising the interest rates will curb spending
and borrowing, but will not stop people from losing their homes. So when the government says we're here to help, they're not.
Go ahead and raise the interest rates, but put a freeze on mortgage rates so ordinary citizens can maintain their homes. Just a thought.