Lenders issue dire mortgage drought warning (Times Online) Mortgage lenders today issued their most dire warning on the market so far saying that the amount available to borrow will halve and rates will rise sharply without more help
The Siberian Fireplace As alternatives to the notoriously inefficient open fireplace, steel and cast-iron wood stoves have a deservedly strong reputation.read more...
Shelby criticizes House GSE bill, calls for stronger regulator as D.C. debate rages Sorting... Please wait. Customization Wizard Industry Filters Portfolios MyInteractive E-Mail Alerts Options Sen.via
One woman's mission: to aid struggling elders Every time the phone rang at her home on Pepper Lane, 82-year-old Edainey Blissett slipped deeper into depression.via
How far can you stretch retirement dollars? You might want to consider a fixed annuity, says Dr. Don.read more...
Putting off the Mortgage Pain, Until ... These two articles fit together - first, from the NY Times: Re-refinancing, and Putting Off Mortgage Pain It is the latest twist in the gravity-defying world of the high housing
“Obviously the market is adjusting to that probably not occurring. There were fears just a few weeks ago that the U.S. housing woes were going to impact the global environment.”
Stocks advanced sharply Friday, picking up momentum after upbeat economic readings countered some of the bleak sentiment on Wall Street in recent weeks and investors appeared to sense some stability in the markets.
Stocks went from flat to higher early Friday after a stronger-than-expected reading on new homes sales for July. That followed a durable goods report that topped expectations.
‘It’s really day-by-day with all this news,’ said Nicholas Raich, director of equity research at National City Private Client Group in Cleveland, referring to economic data and concerns about faltering mortgages and upheaval in the credit markets. He said the latest economic readings boost a sense that the Federal Reserve isn’t likely to cut interest rates before its Sept. 18 meeting. Read more
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