Will low Mortgage Rates Help our economy?

Mortgage Rates did help the housing market, by giving opportunity to many home buyers and home owners to get a lower mortgage rate. Yet many people in America will disagree with me, I really don’t think it helped Americans but heart them more then they even know.

I think that problems started when the mortgage rates went down and it start getting a little better when they start going up again. Why is my twisted mind believe that?

When mortgage rates went down, everyone was rushing to refinance their homes and/or purchasing a new home for investment or to live in. That was 2 years ago, right? Today these people are stuck with tenants that pay them low rent, higher then their mortgage payment. So they have got a great deal with low mortgage rates, but they still couldn’t afford it.

Also it effected the job market. Unemployment is huge this time, many people around the nation don’t have a job and some can not even get a job. I don’t blame only the low mortgage rates for that, but thinking about it, it does have something to do with each other.

Mortgage rates are low these days, but I really don’t think you need to refinance your home for a better mortgage rate. I think yu should wait a little more.

Yet that is me speaking.