President Obama urges Congress to act to build on the momentum we are seeing in the housing market by helping responsible homeowners refinance, saving $3000 a year. Construction workers are building new homes at the fastest pace in more than four years, home values are rising, and foreclosure filings are at the lowest point since the housing bubble burst five years ago.
The steps that the President has already taken have given hundreds of thousands of Americans with high-interest loans the chance to take advantage of the low rates, and the President is calling on Congress to act to help millions more.
Welcome to the West Wing Week, your guide to everything that’s happening at 1600 Pennsylvania Ave. This week, the President reflected on the state of the auto industry, the White House opened its garden doors to the public for its annual tours, and honored blog action day, while Bill Allman spoke on the history of the Presidential Seal. That’s October 12th to October 18th or “The Power of We.”