Don't bet the house on a property price bubble bursting
In early 2006 a handful of obscure American investors became convinced that the US housing market was set for a catastrophic fall.
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New National Unemployment Figures Released
More people across the country are out of work, thanks to the recession. Now, new national figures that were released on Friday put the jobless rate at 9.6 percent, which is up from 9.5 percent.
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New York Mortgage Agency Borrowing Costs Fall 30% as Bonds Catch on `Fire'
State of New York Mortgage Agency , which provides subsidized home loans to low- and moderate-income families, cut its borrowing costs 31 percent since April on about $133 million in tax-exempt housing bonds as demand from individual investors helped drive down yields.
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Mortgage Bonds Lose Ground With Home Refi Boom: Credit Market
Government-backed U.S. mortgage bonds underperformed Treasuries in August by the most since November 2008 amid concern federal intervention may spark a refinancing wave that reduces the value of the securities.
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Paying Off the House in 15 Years
A growing number of homeowners are choosing to pay down their mortgages at a faster rate--even if it means a substantial jump in their monthly payments.
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