[zaza]

...go up after the mortgage stimulus? The mortgage bailout our government plans will work like this. It will bring the payments down for homeowners who are in trouble of losing their homes AND it will buy up the difference between what is owed and the homes actual value.Although there may be a few exceptions, most Americans were smart enough to understand the terms of their mortgages and were able to afford the terms of that loan. I know my home value has gone down so far that regardless of the 30% I put down there is little equity left should I choose to sell. This is the scenario of MOST people who bought new homes in the last 5 years. So, what about those home values? Why shouldn't the government pay to make up the difference in value vs original purchase price for the responsible people who do not have mortgages that are at risk? Why shouldn't the people who put money down and lost that equity not be compensated?The result of this mortgage stimulus will be HIGH mortgage rates for years to come, for YOU, for OUR children and possibly our grandchildren. Once again, irresponsibility and ignorance get rewarded and responsibility gets punished. Equality for all? I think not!Anyway, do you see these rates going up to near 20% as they did when Carter was President?judo* the flaw in your thinking is that most people do have jobs.

[Phil M]

How are you coming to this conclusion?