Realtors, bankers, college aid officers and investment brokers are seeing a couple of generations now of people who fail to either budget, plan for the future, save or buy only what they really need and live within their means. The creditors have accepted their proposal, and some have dropped the interest rate from 24 to 10 percent, and some to even 6 percent. Housing Finance Authority, says his agency has a 5 percent delinquency rate on home loans and a relatively low foreclosure rate that has climbed slightly in the last year or two. In her 23-year career, she has seen interest rates fall from 10 percent in 1990 to under 6 percent two years ago. The agency sells tax free bonds to raise its capital and offers interest rates around a quarter of a percent below average plus grants of up to 4 percent of the loan. Read More