Homeowners warned: more mortgage rate rises are on the way (Evening Standard)
Millions of homeowners are facing further mortgage misery.
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Fraud booms with mortgage market As the U.S. housing market hits record highs, mortgage fraud appears to be rising from California to Florida, according to mortgage industry researchers and federal law enforcement agencies.read more...
Home repossessions 'to soar by 25%' Home repossessions will soar by almost a quarter this year as the credit crunch bites, a leading economic consultant has warned. via Channel 4 read more...
U.S. Treasury unveils vast plan to save mortgage giants (International Herald Tribune) Announcement of the plan was intended to send a signal that the government was standing behind the beleaguered mortgage companies.read more...
Forecasters Look for Economy to Slow The U.S. economy has been battered by a bigger-than-expected slump in housing but will keep growing next year as consumers get relief from soaring energy costs.Commentread more...
A brave new year Four houses are for sale on the 4100 block of W. McGinnis Drive, but one of them is not like the others.Commentread more...
Inflation rate at 1.4 per cent in November, up from 0.9 per cent in October Canada's annual inflation rate crept up to 1.4 per cent in November, from 0.9 per cent in October, pushed by higher costs for mortgages and home repairs.Commentread more...