Mortgage Rates at all-time lows…BUT

Mortgage rates are at all time lows…the government keeps pushing this in our face and letting us know what a great job they are doing for the American people.

However it doesn’t matter if rates are at 0% if they aren’t giving out any money it’s pointless!! Saying rates are low but having a stranglehold grip on approving loans is like every 5-star restaurant in town offering free dinner….but when you get there and order they don’t have any food left!

As soon as they loosen their grip on lending guess what happens next? Rates are going to go up. Its typical economics but what is driving me nuts is how they are packaging these low rates in a huge marketing scheme to make it look like they are doing something good.

Maybe they should spend less time & money making billboards & TV commercials touting how low rates are and instead spend that time and money actually APPROVING people for these low-rate wonderful loans!

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