Obama’s Health Care Not So Healthy For AZ FHA Mortgage Rates

Arizona FHA Mortgage Loan interest rates have climbed heavily over the last 2 days.  Basically, there is much less demand for U.S. Debt which was triggered by the massive Obama Health Care Bill.  According to bond traders, ObamaCare is a budget buster and will have a heavily negative impact on AZ FHA Mortgage Loan interest rates.  The health care bill will add significantly to the deficit over the coming years, thus making U.S. Debt much less attractive to foreign investors.

However; Obama will announce initiatives today to assist more troubled homeowners stay in their homes.  It is expected to be an FHA backed program and use TARP funds.  More spending, but in the right direction for a change.

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