Rewarding Bad Behavior and Putting Tax Payers at risk?

The WSJ had a good article describing the options open to the Obama 

Administration to speed up the housing recovery. From my read, all the
options are rewarding bad behavior or putting more of the tax payers
money at risk. We need to deal evenly with everyone rather than just
bail out bad or underwater borrowers. Any attempt to prop up folks at
the bottom is unfair to the people who have made their mortgage
payments and stayed in their homes.

I keep wondering what we could do that will help but is FAIR: Why not
reset everyone’s mortgage at a 4% fixed rate? Can you think of another
creative fix?

Here is a link to the article:… Barry Bevis, Broker/Realtor

Rates July 7th, 2011

Rates July 7th, 2011 Conventional 30 yr Fixed  –  4.75% no points

Conventional 15 yr Fixed  –  3.875% no points Conventional 5/1 3.25% no points

Jumbo 5/1yr arm  – 3.875% no points Jumbo 30 year fixed  – 4.75% no points

FHA 96.5%- 4.5%  – 30 year fixed  no points VA 100%- 4.5% – 30 year fixed no points

All conventional loan rates are based on a middle credit score of 740 
or higher and a loan amount of $150k or higher on a primary residence
purchase.  All rates based on purchase money mortgages for primary
residences.  Jumbo loans are loan amounts over $417k with 20% down
minimum. Rates are subject to change based on market conditions and are
intended to be used as a guide only.  For up to the minute rates,
please call for a rate quote.

For Apr example calculations—please visit For more information on our loan programs or to make an application,
please contact:

Tyler Oden
NMLSR# 659664 
Office:  850 425-6716 
Fax:  850 425-6730 
Mobile: 850 294-6626