Why is Bush Freezing Mortgage Rates?
There is no clear answer to this question. Some people say that Bush is doing what needs to be done: preventing subprime spillover into the economy. Other people say that the teaser-freezer plan was politically motivated; Republicans want to show that they are doing something to help struggling homeowners. The Bush Administration claims that mortgage rates need to be frozen to streamline the mortgage modification process and provide systematic relief to subprime borrowers.
