By Rand Paul
Obama acts as though we no longer have a Constitution
Independent voices from the TWT Communities
Michael Fratantoni, vice president at the Mortgage Bankers Association, said that as far as interest rates go, what's bad for Europe has been good for the United States.
The morass in Europe last week drove the rate on mortgages backed by Fannie Mae and Freddie Mac to a record low of 3.93 percent, while the rate on loans insured by the Federal Housing Administration fell to an all-time low of 3.73 percent, he said.