Adjustables open doors but can be risky
Last year Janice Pierini fell in love with a two-bedroom condominium and rushed into an adjustable-rate mortgage.
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AUSTRALIA MORTGAGES RISE DESPITE COOLING PROPERTY MARKET: INDEX (Asia Pulse via Yahoo! Australia & NZ Finance) Banking / finance The average home mortgage has increased 30 per cent over the past three years, despite the cooling Australian property market, an
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Stocks Decline, Bonds Advance in Trading Stocks fell moderately Friday as oil prices weighed on investors' already rickety sentiment, while Treasurys rallied amid concerns about a meltdown in the subprime mortgage market.Commentread more...
Tax-revamp panel eyes mortgage, health deductions (Investors.com) WASHINGTON (MarketWatch) -- A presidential tax-reform panel on Tuesday indicated it was ready to urge changes in the tax treatment of health-care benefits and mortgage-interest deductions when it issues its
Congress returns; mortgage crisis and Iraq war on tap (Detroit Free Press) Like many schoolchildren, members of Congress were due back at their desks Tuesday after a summer break. Unlike the students, lawmakers will immediately face major tests: on Iraq, children's health