Mortgage Rates Lower on Jumbo Loans Congress has lifted the conforming loan limits in thousands of counties across the country. The government is allowing mortgage giants Fannie Mae and Freddie Mac to buy more — and larger – loans. And the FHA has rolled out its jumbo loan. So what does it all […]
Housing Market: Can It Really Get Any Worse?
Housing Market: Can It Really Get Any Worse? An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts. Falling home prices, soaring foreclosures at a time of tighter lending and rising unemployment are all weighing […]
Protection from Credit Cards
Protection from Credit Cards If new rules proposed by the Fed are enacted, some of the credit card companies’ favorite sleazy tactics will be taken off the table. The keyword here is, "proposed". If we ever hope to see any of this "proposed legislation" become reality, we all have to take action. Our […]
Finding a Retirement Community
Finding a Retirement Community Finding the right spot to retire can mean the difference between golden years and bronze ones. Our Money Editor, Stacy Johnson, looks at the idea of finding the right place to retire now while you’re still working. Besides, prices may never be as low again as they are right now, […]
Who Do You Blame for High Gas Prices?
Who Do You Blame for High Gas Prices? Fed up with record gas prices, drivers often scapegoat big oil companies for high prices at the pump, but in a recent survey, more Americans directed their scorn towards Washington lawmakers. According to a Consumer Reports Auto Pulse Survey released recently, 77% of consumers said […]
Housing Rescue Pace Slows
Housing Rescue Pace Slows Hope Now, the mortgage industry alliance of lenders, servicers and housing counselors, reported recently that it helped roughly 170,000 homeowners avoid foreclosure in the month of May. That’s down 7% from the 183,000 loan workouts it reported for April. The group estimates that its members have helped keep 1.7 […]
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