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Was the purpose of the govt. bailout to make mortgage rates go UP?? Cuz that’s what’s happening…?

I’ve heard multiple people talk about how fixing the financial crisis depends upon stabilizing the housing market. This bailout would appear to be doing the exact opposite. Your thoughts??

Check the paperwork for your mortgage. If you have an adjustable rate mortgage, then the rate will go up after a specific length of time.

You have a fixed rate mortgage, then any increases in your payment is caused by an increase in your real estate taxes or your property insurance which is being paid by the bank every year.

If you have any questions, you can always call the lending institution which is currently servicing your mortgage. They will explain it to you.

In any case, your payment amount will not be affected at all by the recent bailout legislation.

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MORTGAGE MATTERS; HOW LOW CAN IT GO?(Real Estate Guide): An article from: The Santa Fe New Mexican (Santa Fe, NM) $9.95 This digital document is an article from The Santa Fe New Mexican (Santa Fe, NM), published by The Santa Fe New Mexican on August 1, 2010. The length of the article is 532 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: MORTGAGE MA...

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