The measure also would extend the tax deduction for private mortgage insurance.Permanent Versus TemporaryThe changes approved by the House today would be permanent, going against a request by the Bush administration that they last only three years to address the current housing market crisis.

"What crisis?"

How does the current mortgage crisis affect a potential homeowner's views of doing a lease purchase deal- does the current market scare them away, or is getting into their own home more important than possibly having the house lose a little bit of value?

The rate cut will have a psychological effect more than anything else but it will do little to solve any perceived mortgage crisis.

Also we haven't hit the peak in the blood spilling from the mortgage crisis.

Politicians felt they had to step in so that it would look like they were doing something about the mortgage crisis.

no, no, nobuying new starter homes for rental purposes at retail prices doesn't make any sense in the face of our strater home foreclosure crisis.

Internet Rental Scam: If you have a property listed on the internet, you must read this..If you currently have your home listed for sale and/or rent-to-own on ANY popular website (CraigsList, Rental Properties, Buy Owner, etc.) please be aware of a scam that has been making the rounds for most of this past year.This specific scam is originating out of cyber cafes located in the little known Republic of Liberia (you are probably more familiar with the Republic of Nigeria to the east, and the popular e:mail scams that promise huge payouts from the Nigerian lottery, or requests from a Nigerian diplomat who needs assistance in moving cash out of his country).

"Clearly, Citi has a problem with capital adequacy after the subprime crisis,'' said Giyas Gokkent, head of research at National Bank of Abu Dhabi PJSC, Abu Dhabi's biggest bank by market value.

In a real crisis a loaf of bread is worth more than any precious metal because, after all, you can’t eat gold. 8)