Another Obama Crash- floor drops out of mortgage applications

Applications for home mortgages crashed to a seven month low as higher interest rates, forced upwards by Barak Obama’s disasterous binge spending programs, spiked to 5.34%.  The applications for home mortgages hasn’t been as low since Novemeber of 2008.  Joblessness, economic fears, low appraisals and higher interest rates, all a product of Obama’s failed economic policies, contributed to the problem.  The new cap and trade legislation will only add to the problems.