Mortgage Moms?

Are went meant to take seriously these media characterizations of each election cycle's most important group of swing voters. "Soccer Moms" seemed possible, "Security Moms" seemed obvious (to me, as I was one), but "Mortgage Moms":

In a year when politics is being roiled by angry debates over the Iraq war and immigration, it might seem odd to imagine the midterm elections being waged over
square footage and closet space. But these are parts of a lifestyle that Sharon Condit, a deputy clerk of court, describes as dogged by a sense of limits: "We have dreams of this future, but we can't get it right now."

Mortgage rates hit a four-year high of 6.80 % in July and are now back down to 6.44%. That high is about .1 percent higher that we paid 8 years ago on our first house, and the current low is about .1 percent higher than we paid for our most recent house. Sure, lower is always better than higher, but is .1% really crushing people's dreams?

But wait. More from the article:

A less obvious but powerful variable is the interest paid by people carrying credit card debt or mortgages whose monthly payments vary with interest rates. People buffeted by these trends have given rise to a new and volatile voting block.

Okay, so this isn't really about mortgage rates. It's about people who used low interest rates to buy a lot of stuff or leverage themselves into houses they couldn't otherwise afford. But I guess "Adjustable Rate Mortgage Mom" just isn't catchy enough.