Operation Twist may make mortgage rates higher. The Fed and the White House want more people to take advantage of low mortgage rates. But, the spread between interest rates and mortgage rates keeps going up, not down. It is more than 2%. Investors are not excited about buying mortgage backed securities. This keeps putting pressure Read the full article…
This weeks new in Phoenix. An illegal immigrant collapsed on a basketball court and his American wife will not pull the plug. The hospital, with bills of $150,000 already told the wife. Pull the plug, take him to hospice, or take him to Mexico. Those are your choices. His health care in Mexico would be Read the full article…
I read an editorial in the Arizona Republic that I found shocking, even by Arizona Republic standards. It was Titled: Finding Gain In Our Housing Pain May Be Good For Us. It was written by Froma Harrop of Creators Syndicate. I will quote a few of Ms. Harrop’s pearls of intellectual brilliance. “Constructing workers, landscapers, Read the full article…
