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Obama calls on Congress to approve refinance plan

WASHINGTON (AP) - President barack Obama quotes historical low mortgage loan, according to the republicans backup housing policy, the White House says, will help struggling homeowners, their debts to financing, and to prevent foreclosure.
Not through legislation, Obama accused the republicans in congress, he suggested that in February this year, reduce the loan interest rate, millions of the borrower has been unable to from heavy mortgage loans. Republicans also oppose, reason is that among other things, about $5 billion to $1 billion cost suggestion.
"Here, we are - 7 months after - is still waiting for congress to act," Obama said, on Saturday in his weekly radio and Internet address.
The United States congress has sag, and not duly return, until the November election.
"Don't worry about you, they have to go home, worry about their activities," the President said.
Obama's push from across the United States housing prices have been rising. In July, the national house prices rose 1.2%, and last year compared to the same, according to the s&p/case shearer index released on Tuesday.
In the republican weekly radio address, Arizona congressional candidate Vernon parker said, the United States enterprise tax rate, promote the work overseas. And he said, he agreed to republican presidential candidate mitt romney and his running mate, Paul Ryan said, "we need to stop all the upcoming tax increases and development is beneficial to the growth of the tax bring of employment opportunities and keep working code."
He also called on the abolition of Obama's medical hygiene.




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