A huge bunch of stuff on home loans
As the President enters his second week in office, the economy is still the most pressing concern. More people are out of work and consumer confidence is low. The new administration not only pledges to rework the $700B Troubled Asset Relief Program offered to the financial sector, but also to help families and small businesses. It plans to offer low home mortgage rates in the hopes that it will help boost the ailing housing market. The promise of continued low home mortgage interest rates is the one bright light for consumers in this economic downturn.