Posted on Jan 20, 2017
Trump administration suspends FHA mortgage premium rate cut
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Thank you Twit ter in chief
Truning the screws already
Truning the screws already
Trump administration suspends FHA mortgage premium rate cut
Posted from money.cnn.comPosted in these groups: 
Donald Trump
Donald Trump
Posted 8 y ago
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So you'd prefer to run right down the road of ill-advised loans to people who really don't qualify. How many housing bubbles do you want to see burst in your lifetime.
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MSgt Michael Bischoff
Mortgage rates have nothing to do with banks approving loans beyond the people's means.
So are you saying Twit ter in chief is saving people from over extending?
So are you saying Twit ter in chief is saving people from over extending?
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Maj John Bell
MSgt Michael Bischoff - Mortgage rates determine what amount a person can finance. Low interest rates increase demand which increases price, which drives overbuilding. In essence it increase the volatility of the market. Then the bubble bursts and people find that the sudden crash wipes out the equity they had. Then they suffer an unforeseen economic downfall and they are upside down on a house they can no longer afford and they can't afford to sell it either.
That is why you do not give the government a sledge hammer to fix a teacup.
That is why you do not give the government a sledge hammer to fix a teacup.
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So whst...use a VA loan or conventional...it was rate cuts like those that got us in trouble in the first place.
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