If interest rates to compensate for the collapse of subprime only exacerbate the problem?
Meaning, when people signed up for variable rate mortgages, because prices were low initially, and many have since, in this non-performing loans would reduce the prices of a slowing economy that people want to return the balance of weapons?
I paid about $ 7,500.00 in interest on my mortgage. last year. Now, besides my mortgage interest, I have the govt around $ 4400.00 and I was wondering if I include my mortgage interest rate to compensate for this, I owe them. And I have about 70,000 last year and only paid about 4000.00 in federal taxes