Needless to say, the wingnuts have worked themselves up into a froth over the information." Let's just stand back and allow Nate Silver at FiveThirtyEight deliver the definitive smackdown: which leads into Nate Silver's points: So Obama's rate was 30 basiDailyKos (love you guys but you are wrong here) post this story: "The Washington Post this morning published a breathless piece on the fact that the Obamas got a good deal on their home loan -- a 5.625% rate when the average rate was 5.93%. The loan officer's job is to help you process your application for a mortgage. To see if you're suitable a certain mortgage product, they will look into your personal credit account and start the approval process for your transaction.
