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News:

 Worse is yet to come in housing crisisSocialist Worker Online, IL -3 minutes agoMany of these foreclosures were those with sub-prime loans--mortgages with high interest rates to begin with, or adjustable rates that ballooned beyond the ...
 Troubled homeowners: Can't pay? Just walk awayCNNMoney.com -17 hours agoOften they chose hybrid adjustable rate mortgages (ARMs) that came with low initial payments. After a few years, interest rates on these loans reset higher. ...
 RTT NewsUS MBA's Mortgage Applications Index Rose 3% Last WeekBloomberg -15 hours agoThe average rate on a 15-year fixed mortgage increased to 5.09 percent from 5.04 percent. The rate on a one-year adjustable mortgage fell to 5.62 percent. ...Low mortgage rates make refinancing attractiveUSA TodayUS home loans demand 'highest since '04'Sydney Morning Heraldall 49 news articles
 Bond Guru Bill Gross on the Housing CrisisU.S. News & World Report, DC -Feb 4, 2008They can lower short-term rates, but they don't have any control over the 30-year mortgage. That's controlled by us, the Chinese, and anybody else that ...
 Tips for shopping for a mortgageSeattle Post Intelligencer -Feb 4, 2008What is the term of the loan? 30 years? 15 years? Is there a prepayment penalty? Is there a balloon payment? 4. If you have an adjustable rate mortgage, ...