Paulson Says Housing Is Likely To Adversely Affect Economy
U.S. Treasury Secretary Henry Paulson called for an aggressive response to the real-estate crunch, which he said presents ‘the most significant current risk to our economy.’
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A boon for the elderly The Finance Minister, in his Budget speech, mooted the concept of reverse mortgage for the elderly.Commentread more...
Foreigners bought U.S. stocks and mortgage bonds in April, passed on Treasury bonds "If there hadn't been any change in supply, that kind of a move might be a little bit of an issue" WASHINGTON: Foreigners bought U.S. mortgage debt and stocks
Jane Wells: Mortgage Crisis Puts Friendships To The Test (CNBC via Yahoo! Finance) A friend in need is a friend indeed. And friendships across America are being tested during this housing crisis. There is a way some friends are helping those facing
Hawaii mortgage rate: 5.5% (bizjournals.com via Yahoo! Finance) Hawaii lenders held their mortgage rates mostly at 5.5 percent this week, the Honolulu Board of Realtors reported Friday.read more...
Mortgage Rates Dip Again (AP via Yahoo! Finance) Rates on 30-year mortgages dipped slightly this week, the fifth decline in the past six weeks. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.67
Mortgage defaults start to spread (The Arizona Republic) The mortgage market has been roiled by a sharp increase in bad loans made to borrowers with weak credit. Now there are signs that the pain is spreading upward.read more...
October 16th, 2007
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