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Ago but below the peak. thanks to rising home prices 2.5 million more borrowers no longer owe more on their homes than the home is worth. mortgage rates are very, very low right now, still low rising but low but for many of the under water homeowners they are stuck. i spent time with a small business owner left behind by the housing recovery. reporter: the math on katie s house is upside down and her family is feeling queasy. we are paying almost $1,000 more a month than what we should be. reporter: 4.75% is the average rate for a 30-year fixed mortgage. they aren t paying that. they have one mortgage over 6% and a second one that is higher. 11%. that s almost three times what is the going rate. ....
Man who became thedom doomed groom. the friend that set them up is speaking out about the couple s very rocky relationship. a controversial plan to save under the water homeowners is disproved. the first in the nation idea could put banks cross the country and future potential homeowners at a serious risk, when we come back. they are looking for a principle reduction and refinanced to the current market value which would make it affordable. what is next, take my house and decide they want a vegetable garden there? . [ male announcer ] we took new febreze free with no perfume ....
Ruining it for all. here s why. you can t risk big government if you re one of the biggest beneficiaries of big government. you can t say under water homeowners can t be bailed out if ben bernanke is bailing your ass out. you can t begrudge the millions in programs that are benefiting them if you re getting $85 billion to help you. that s what the government is shelling out to keep interest rates low. i know this is one little benny that wall street doesn t really bitch about. it s just the benjamins going out for others. be consistent and show some guts. either you re for bailouts or you are not. either you practice capitalism or you do not. laissez-faire doesn t even only ....
A tail of two facts facebook hit an all time low. it is 12 minutes after the hour. sol linda keeps adding up. wait until you hear where the tax dollars are being spent. there are things ending up on display we want to tell you about. the government wanted banks to rescue under water homeowners. they said no way. now taxpayers are left footing the bill. we will report you decide whether or not you think this is fair. why should saturday night have all the fun? get two times the points on dining in restaurants, with chase sapphire preferred. ....
It s a split decision for two southern states fighting illegal immigration. a federal appeals court ruling it is unconstitutional for alabama to require schools of citizenship status. they determined alabama and georgia can check the immigration papers of detained suspects. 15 minutes after the hour. there s growing concern about a plan to bail out under water homeowners. taxpayers are required to cover 100 percent of the costs. this is the first of 19 states required to do so under the government s hardest hit program. remember taxpayers were told they would not bear the brunt of the housing crisis. responsible homeowners would not be require to do bail out others. they are paying my monthly mortgage payment of 2578. ....