Thursday, July 3, 2008

Obama's Mortgage

I did some research this story from the Washington Post that falsely states that Obama got a "special deal" on his mortgage in 2005. I looked at data from Intex, which is the Mortgage industry market data provider, meaning they collect data from millions of loans across America and provide that data to financial firms. According to their massive database, for deals closing on that same day in that region, I found interest rates from 4.15% ~ 6.34%. Obama's deal was nothing special. The Washington Post and staff reporter Joe Stephens needs to print a retraction.