US And Mortgage

The new mortgage situation in the United States is such that more than 8.3 million people are underwater on their mortgages. They owe more on mortgage than what their property is worth. This will lead to a situation where they will walk away from their homes and accept foreclosures.

categories Finance | admin | datetime August 5, 2008 6:20 pm | comments Comments (0)

The Mortgage Market

The global melt down has hit the mortgage market very badly. The interest rate has gone down to a record low. This has now spurred the interest for new home loans now. People are going in for purchase loans and refinancing loans. The figure saw an upward movement in the last three weeks.

categories Economic Situation | admin | datetime July 14, 2008 8:53 am | comments Comments (0)

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