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Powers Vow to Limit Credit Crisis Damage   "The housing decline is still unfolding and I view it as the most significant current risk to our economy" Finance officials from the world's top economic powers pledged Friday


Big Easy's rebuilding to change city's look  Because insurance won't pay for many homes, many folks won't return. Diane Wedner and Gayle Pollard-Terry | Los Angeles Times Posted September 18, 2005 Paupers don't own homes next to


Steering clear of the mortgage mess (CNN Money)  Don't expect a quick recovery from the subprime mortgage debacle.read more...


Decline in Home Prices Picks Up Pace  The drop in U.S. housing prices accelerated in the fourth quarter, according to two leading barometers. One index, the S&P/Case-Shiller, fell 8.9% from a year earlier, the largest decrease in


Two sentenced in mortgage fraud (Denver Post)  Two more participants in a mortgage-fraud conspiracy that devastated a neighborhood with foreclosures were sentenced Friday to federal prison terms.read more...


Mortgage rates rise on consumer report (CNN Money)  Mortgage rates climbed for the third week in a row on the news of a jump in consumer spending in November, a survey showed Thursday.read more...

December 21st, 2006

Your Money Matters: Dealing with Rising Mortgage Interest Rates (Wellsville Daily Reporter)

(ARA) – Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It’s an important question because for many Americans their home equity represents the cornerstone of their personal wealth.

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