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Government ignores mortgage stress

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By: mortgageinsider@y7mail.com
7/05/2008
9:50 am

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  mortgageinsider@y7mail.com

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Government ignores mortgage stress Reply to this message
I can't help but feel embarrassed and increasingly angry each time I hear Kevin Rudd or Wayne Swan talk about mortgage stress.

Although they say publicly they are doing everything they can, they have been sitting on a mortgage relief plan that would cut the official rate hikes over the same period IN HALF. They've had the plan since 2007.

I understand the need to control inflation, but the brakes are hitting hardest on housing finance, which does nothing to control the cost of food or fuel. It just makes it harder, more expensive and less likely for people to keep a roof over their heads.

If you think this is a problem, a petition has been launched demanding action on the plan that is sitting gathering dust on Wayne Swans desk. Sign up and spread the word.

You can find it here: http://www.ipetitions.com/petition/mortgagerelief/ index.html
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