People bought homes on 3% mortgages under Trump.
They are not going to sell those homes and get a new 6% mortgage for another house.
What mortgage companies have to do is to allow people to roll over into another house at say only a .5% interest rate rise.
Don’t blame Biden for mortgage industry stupidity.
“ Don’t blame Biden for mortgage industry stupidity.”
So by that token we should not blame Pelosi for starting the subprime mortgage debacle of 2008 based on Clinton’s “Community Reinvestment Act”? Not saying R’s are not complicit, but the D’s were behind it as they always are.