US rate on 30-year mortgages rises to 3.59 pct.

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  • My2Cents Taylorsville, UT
    May 24, 2013 5:51 a.m.

    Don't see how people and poverty can qualify to buy homes and its doesn't make sense that speculation trading and moving homes around can qualify as home buyers or rising stimulation in the housing industry.

    Speculators are creating a false impression of housing manipulation and I think local and state government are behind it to create an inflated value so they can raise poverty values to raise tax revenues. Bad investments in homes when they were down and having trouble selling them so they are trading and moving properties around to each other to avoid loan payments on a 60 day deferred due dates.

    If people were not in a home and solvent by 2005 and went into foreclosure they will never be able to buy a home. Jobs and long term employment is down, a 30 year debt would be foolish for them to buy.

    Economic poverty is not proof of economic growth. Jobs are not economic growth, and government expansion is not economic growth. Basically the economy is in a recession covered up by manipulation, imagination, and misinformation.

    With jobs and incomes on the decline its impossible for this sales date to be true.