Sweating it out:Poll:Many homeowners worried they can't handle adjustable mortgage increases (Gloucester Daily Times) WASHINGTON (AP) - The future is gnawing at homeowner Scott Klimek. Will the interest rate on his adjustable-rate mortgage go up? Will he be able to afford the monthly payments
Construction Activity Falls in November Construction activity showed further weakness as spending on homes dropped for a record eighth consecutive month.Commentread more...
Australia's ST George Bank Prices Mortgage Backed Securities (Asia Pulse via Yahoo! Australia & NZ News) St George Bank has priced $A2.24 billion (US$1.7 billion) in residential mortgage backed securities as part of its Crusade Global Trust issue, which included a $US1 billion senior class.read more...
Your Money Matters: Dealing with Rising Mortgage Interest Rates (Pekin Times) (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
Britain nationalizes ailing mortgage bank (Seattle Times) The British government waded into the subprime-mortgage quagmire, saying it would move today to nationalize Northern Rock, the nation's...read more...
Holidays, by design Before you deck the halls, the kitchen, the dining area or any other room in the house this season, decorating experts have suggested some trendy, modern twists to traditional holiday
CHICAGO (MarketWatch)—Some of the mortgage advertisements currently appearing in Web sites, newspapers, magazines, direct mail and unsolicited email and faxes may be violating federal law, and on Tuesday the Federal Trade Commission said it was sending warning letters to more than 200 advertisers and media outlets informing them of the possible violations.
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