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mortgage brokers are recommending householders ignore banks' attempts to woo them on to two-year, fixed-rate mortgages, and instead take a punt bank rates will fall further.
will the fed's Moves Help Lower Mortgage Rates? Analysts Mixed on Outlook
with its interest rate cut decision and policy pronouncements wednesday, some analysts say the federal reserve reinforced the government’s commitment to continue supporting the mortgage and housing markets through lower mortgage rates – and that rates could be headed down even more.
u.k. mortgage approvals drop to the lowest since at least 1999
jan. 2 (bloomberg) -- u.k. mortgage approvals dropped to the lowest since at least 1999 in november and banks predict they will restrict lending further to companies and consumers as the recession causes spiralling defaults and losses.
which mortgage plan is better?
the mortgage meltdown has been the key catalyst in the economic downturn and now there are dueling plans for how to fix it. one of the plans is from the treasury department, the other one is from the fdic. which one is best? fox 10's Miriam Garcia gets some answers......
