When it comes to debt management, one thing a lot of people have trouble with is the concept of debt vs investment. One reason for this might be the traditional terminology of bad debt and good debt. Certainly, this is a valid concept, but nowadays the term “debt” is just too encroached with negativity to be taken as anything but. Read more
The financial situation for banks continues to be volatile, and the situation they face has caused them to reduce their mortgage rates again, for the sixth consecutive week. Now, the rates sit at their lowest level in over several months, which have spurred an interest in homeowners wanting to apply for refinancing. Read more
The subprime mortgage mess is taking its toll on the nation’s investors. Financial experts say that fixed income investors have seen their share of losses this year because of the precipitous decline in the subprime mortgage market.
At the same time, defaults on car loans appear to be rising, increasing worries for investors. As a result, some investors are wondering whether another major market for fixed income investors, student loans, may be the next sector to fall. Read more
Consumer advocates are leading the charge for a federal bailout of the troubled housing industry.
The housing market has been in free fall for many months, the result of plunging home prices and sluggish sales. It’s also become increasingly difficult for prospective homebuyers to purchase houses because of stricter loan standards. Meanwhile, the foreclosure rate has doubled over the past year and additional foreclosures are expected because of the resetting of interest rates on adjustable rate mortgages. Read more
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