Both fixed-rate mortgages are at record lows, after falling for nine of the past 10 weeks and shattering several previous record lows. Freddie Mac began tracking the 30-year fixed-rate mortgage in 1971 and the ...

Mortgage buyer Freddie Mac said today that the average rate for a 30-year fixed loan was 4.36 percent this week, down from 4.42 percent last week. That’s the lowest since Freddie Mac began tracking rates in ...

Sept. 4 (Bloomberg) -- Treasury 10-year notes ... added the most jobs in three years. Shorter-term Treasuries rose this week as investors remained convinced that the Fed would hold its target lending rate at zero to ...

By Daniel Wagner-Associated Press 10:59 a.m., Thursday, September 2 ... That's the lowest since Freddie Mac began tracking rates in 1971. The average rate on 15-year fixed loans dropped to 3.83 percent ...

... 10 th of those in the developed world) are sowing the seeds of industrial overcapacity fueled by easy credit that will lead to a massive wave of bad bank loans ... years. Only Canada is expected to actually ...

Sep 2, 10:27 AM EDT ... That's the lowest since Freddie Mac began tracking rates in 1971. The average rate on 15-year fixed loan dropped to 3.83 percent ...

They also raised their jobless rate forecast for ... Treasuries and $1.425 trillion in mortgage securities. The BofA Merrill analysts said these purchases, equivalent to $850 billion in 10-year Treasuries,

which influence mortgage rates and which began a sharp slide five months ago because of worries about the economy, have surged since Tuesday along with the stock market. The yield on the 10-year Treasury note rose to ...

Thirty-year mortgage rates have fallen to fresh lows for 10 out of the past 11 weeks. Freddie Mac started the survey in April 1971. Meanwhile, 15-year fixed-rate mortgages averaged 3.83 percent, down from 3.86 ...

... average rate for a 30-year fixed mortgage fell to 4.32 percent in the week that ended yesterday from 4.36 percent, Freddie Mac said. That was ... previously owned homes fell to the lowest level on record in July,

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my house was purchased for $160,000.00 with the interest rate of 6% on a 30 year loan. my payments are $1100.00 monthly. if i made 2 payments a month what would they need to be to pay off in 10 years?

Long story short (kind of)...my husband and I are in one of those crappy adjustable rate mortages which is set to go up in January. We have been trying to refinance, but are having horrible luck. Our credit is considered good (even though we do have a bankruptcy on our record) - but we are being told that our loan to home value is what is throwing us off. We need to be refinanced for $180,000 but our home value is falling short of that. I know there are programs out there like "relief programs" but we keep being told we do not qualify because our loan is neither a Freddie Mac or Fannie Mae. Another stickler seems to be the fact that we pay ALL our bills ontime. There are programs out there for people who are behind on their mortgages...which is not our situation. We are current on all our bills. Bankruptcy was discharged over 2 years ago, and we have worked to rebuild our credit. Is there ANY hope for us out there as far as being able to refinance before our mortgage adjusts is January? Oh, and I DO understand that a bankuptcy will stay on our record for 10 years - but according to a few different mortgage brokers, that's not the problem...it's the economy. HELP!

My current credit score is 750. I have applied for a $10,000 loan with my federal credit union and they have responded with a decent offer which I have 30 days to accept. I would like to have the option of borrowing 15-20K but they do not offer personal loans beyond 10k. The money is to be used to purchase inventory. I am also a small business owner (started up last year) and I also found that I can apply for a micro loan with an intermediary in my state through the SBA. I would like to find out what rates they would offer me for a loan of 15k or 20k but from what I have seen in banks and in the credit union, you can't get this specific information without applying for the loan first. I imagine that the process is the same with the intermediary...apply for no cost, get offer, have opportunity to take or refuse the offer. 1) If I do this will it affect my credit score? 2) Is there a way to get a quote on what rates and terms they will give me without applying?

I'll make random questions that you can answer on and I'll give you best vote on each one if you could help me with these few problems lol.. 1. Find the rate of discount if the discount is $400 and the original price is $8000, 2. The simple interest on a loan is $650, the principal is $2500, and the time is 5 years. What is the simple interest rate? Round your final answer to the nearest percent. 3. Using X for the variable, write an equation that describes the given situation. Then solve the equation... The measurement of an angle is 24* smaller than the measure of its supplementary angle. What is the measurement of the two angles? 4. Using Q for the variable, write an equation that describes the given situation. Then solve the equation. The value of Q quarters and q-1 nickels is %3.25. Thanks so much for anyone that helps.. +10 +10 +10 +100000BTW I don't have a book yet. It's like 200 dollars and my financial aid hasn't kicked in yet.

Currently we have a 10 yr ARM with 3 years left on it. It's a jumbo loan of $469,000 with a monthly payment of $2500. When time is up we won't be able to afford to refi into a fixed rate mortgage. I feel that there are 2 choices: 1.) Refi into another affordable ARM, repeat as needed to stay in the home. 2.)Sell the house - Our home is in a nice area and is larger than most plus it has been completely remodeled so I estimate it would sell for $540,000 (before the bubble burst it was appraised at $700,00). We could move into my Dad's rental property which is in the same neighborhood. That would allow us to save a little money, the rent is a few hundred cheaper than our current mortgage and then not have to worry about mortgage issues. We have no debt, but we also have no savings. I really want to make the right decision this time! Thanks.

Our own people are suffering and Obama save the homes programs failed. What should come first illegals getting free college educations or helping out fellow Americans ?WASHINGTON — One in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said on Thursday. That number, adjusted for seasonal factors, was barely down from a record-high of more than 10 percent as of April 30. The Labor Department said requests for unemployment benefits fell sharply last week. The drop in first-time claims to a seasonally adjusted 473,000 was the first decline in a month and a hopeful sign after a raft of dismal economic reports. Still, unemployment claims remain much higher than they would be in a healthy economy. Employers are reluctant to hire as economic growth appears to be slowing. The number of Americans who are missing payments and falling into foreclosure has followed the upward trend in unemployment. The jobless rate has remained near double digits all year. "Ultimately, the housing story, whether it is delinquencies, homes sales or housing starts, is an employment story," Jay Brinkmann, the Mortgage Bankers Association's top economist, said in a statement. "Only when we see a consistent increase in employment will we see an increase in sales and starts, and a sustained improvement in the delinquency numbers." More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Economists expect the number of foreclosures to grow well into next year. Besides forcing people from their homes, foreclosures and distressed home sales have pressured home values and crippled the broader housing industry. They have made it difficult for homebuilders to compete with the depressed prices and discouraged potential sellers from putting homes on the market. The housing market is struggling even as mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks. Mortgage buyer Freddie Mac said the average rate for a 30-year fixed loan fell to 4.36 percent this week. Rates have fallen since the spring as investors, spooked by a slowing economy, shifted money into the safety of Treasury bonds. That has lowered the yields on long-term Treasurys. Mortgage rates tend to track those yields. The economy has grown for four straight quarters. But the pace has slowed from a 5 percent annual rate in last year's fourth quarter to 3.7 percent in the January-to-March period. It has weakened even further in the past several months. Many economists expect the government Friday to revise lower its growth estimate for the April-to-June quarter to below 2 percent. That's weak in normal times and even more worrisome after a steep recession. http://www.chron.com/disp/story.mpl/business/7172778.html

I've read the lesson like three times. I can't find the answers. Can you? 1. What are the results of having a poor credit score? lower interest rates higher credit limits lower gross pay none of the above 2. Interest rates on a longer loan are lower than interest rates on a shorter loan. True False 3. On average, compared to a person with good credit a person with poor credit will pay ________________ for insurance? 5% to 10% more 10 to 15% less 20% to 50% more 25% to 40% more 4. What does a FICO® score represent? outstanding debt income of debt ratio creditworthiness length of credit history 5. Having a high credit score leaves more realized income for what? luxuriess savings debt repayment all of the above 6. How long does it take to rebuild your credit history? 8 years 7 years 9 years 30 years 7. From a bank’s perspective, a person with poor credit represents more ______ to default. risk interest collateral guarator 8. How many monthly payments are there in a 30-year loan? 30 365 360 100 9. People with poor credit tend to file more insurance claims, and thus cost the insurance companies more money. True False 10. When you have no credit the credit card companies do what? assume you have excellent credit assume you have poor credit offer you a low introductory interest rate offer you a balance-transfer card

I know you can use a calculator but I want to be able to calculate a mortgage without. The correct answer is $1,199.10 30 year mortgage at a 6% interest rate with a $200,000 loan. Here is a link to the formula http://steadfastfinances.com/blog/wp-content/uploads/2010/02/Amortization-Equation-example.jpg Here is what I bashed into my calculator 200 000 * 0.0005 = 100 0.06 / 12 + 1 = 1.005 1 - 1.005 = -0.005 -0.005 - 12 * 30 = -360.15 100 / -360.15 = -260.15 What did I do wrong? I already have the algebra I just don't know how to interpret it.

Hey, So in November 2008 I took out a 14 day trial of Orange Mobile Broadband (the USB Dongle) through Phones 4 U. I found, over the first 7 days, that I wasnt getting a very good reception. I took it back and got a replacement. This one got low reception too. I cancelled the trial on the last day. End of story, right? Well it should have been. However Orange apparently didnt receive the cancellation, and continued billing me. After the first bill I went into the Phones 4 U store and told them what had happened. They looked it up on their system - there it was, clear as day, cancellation date of 2nd December. I seem to remember they told Orange at this point, and said not to worry about it. So one reminder to pay this bill (threatening to disconnect and affect my credit rating) and one bill later (now owing > £38) I went back and complained again. Pretty much same thing happened. Eventually, one more reminder / threatening letter and bill later, I paid the bill and got paid back for it by Orange. End of story, or so I thought... A week ago I tried to apply for a credit card. It was turned down due to my credit report. I looked up my credit report and guess what? Orange had affected my credit report despite it not being my fault. I complained to Orange by email straight away and got a reply yesterday. I was told to write a letter to Experian (with a £2.50 cheque - yes Orange are telling me to pay to correct THEIR mistake!! What an insult!!). I signed up to Experian and in the FAQs I noticed it said to ask the organisation involved to correct data if its wrong. I wrote a stroppy reply back to Orange saying that I had been advised completely the opposite of what I should have done and threatened to go to OfCom if this is not fixed immediately. I got a reply back within about 15 minutes saying to write to Orange Credit Referral Debt with a copy of the "file" (assuming they mean a printout of the credit report). I really strongly feel that I should ask for compensation for the amount of stress they have caused over the past 22 months (thats right - a 14 day FREE trial is still affecting me 22 months on!!). My parents both feel different about it - they think I should just regard it as a lesson, get all the damage undone and move on. What do other people think? Should I ask Orange for some kind of compensation (like 10 months free on my £10 per month phone contract that I still have with them, or £100 cash or something), take them to court for damages to my reputation or just leave it and move on? Are there any Orange employees on here that could tell me what they may be able to offer in compensation? Please bear in mind that, if I hadnt tried to apply for a credit card, I couldve been refused for a mortgage, graduate overdraft, loan or any other finance I may need in the first few years of my working life. This could have affected me drastically, and still could if they dont pull themselves together and get something done about this soon... Many thanks in advance. Regards, Richard PS if anyone can think of a better category for this then please change it if you can...Up until February, since September 2006, I was on at least £30 a month contract. I tried to leave in Feb and they gave me an awesome contract for the same deal at £10 a month (£25 less than I was paying at the time). I doubt I'll get offered the same deal any time soon so I took it without even thinking about it. In the scheme of things, bearing in mind that on > £30 a month they have made > £1230 out of me, I think they owe me something as a loyal customer... I called customer services this morning - the woman first said to go to Phones 4 U, to which I marginly raised my voice and said it was Oranges fault, and Phones 4 U have had nothing to do with it since they paid off my bill. She said to go to Experian and pay £2.50 (that insulted me and is wrong anyway - I said so, but not too loudly). She then said to contact the referrals email address with my credit report. I did this and asked for a bit of compensation then. Finally getting somewhere. Will post any more updates on here.Helen - thanks for the advice but, thankfully, my situation is not THAT desperate. I have parents and brothers I can fall back on if I absolutely have to. Its more the principle that I want the compensation for - the fact that the situation could have been a lot worse, had I decided not to apply for that credit card after all (I was sat on the fence about it when I suddenly decided to press Submit!). I have enough to get by, but with that mark on my record I may not be able to get a place to live or get enough money to survive the first couple of months in my first job if it doesnt get fixed soon. Anyway someone from Experian is on the case too - we are both pestering Orange to do something about it. Hopefully get it sorted out this afternoon or by the end of the week at least. RichardThanks for the information Charterman - very very useful. I will use this as a large resort. In fact if they either dont fix it or they do fix it but dont give me any compensation I will drop him an email requesting compensation (maybe threaten to go to Ofcom or the Daily Mail unless I receive compensation for the stress caused and damages to my reputation - but that does sound a bit like blackmail, doesnt it?). I will give them until Tuesday (i.e. 5 working days after my last email) to put this right. I have an exam (my final one!!) on Tuesday so it kinda makes sense leaving it till then. Will post back here to let people know how I am doing.Ok, so I was revising for my exam but getting increasingly frustrated by this situation. So I have sent Tom Alexander an email explaining the situation and finishing it with something about having a contact in the Daily Mail who I may use if I am not satisfied by the outcome of the situation. I have also said that I WILL be leaving in that case - and nothing anyone can say or offer me at the time of leaving will change my mind. Just gotta hope he gets back to me soon. I have marked it as High priority and requested a read receipt. RichardWell I just had an interesting phone call - from Sam from Orange Executive Office. I wonder if they all have 3 letter names.. He was just checking on how things were going. I had an email this morning from Referrals saying that they had removed all details of that account from my credit record but, due to the nature of the problem and their t's and c's, they could not compensate me anything. I apologised in case I had come across as stroppy at all and explained that I am about to sit my final exam and I have been ill recently, so I have good reason to be stressed out. Sam gave me a phone number to go straight through to his desk should I have any more problems with this case. He said he completely understands if I am angry about the situation and that it shouldnt have happened, but that Phones 4 U are at fault. They refunded me £40 to go towards the phone calls I have had to make as a result of this, for being a loyal customer. Thanks all for the advice. Regards, Richard

Right now my credit score is 787. I'm really wanting to get an used car, 1 or 2 years old car with less than 30K miles so that it would last me for the next 10 years. Currently my car is at 115K miles and is 9 years old, AC is broken. Radio is broken. The door handle is broken (my side). But no money to get them fixed. At the same time I am in a not-so-good situation with my house. I put it up for short sale. And applied for loan modification. After reading different articles, and posts, I learned that I won't be getting approved for loan modification because I'm selling the house. Yes I AM planning to move out of the house, I MUST downsize, settling in an apt so that my budget would be better as soon as my student loans repayment start in February. I simply cannot afford the mortgage anymore (after 3 years). My mom (whose name is also on the house) cant afford it either so she's planning to move out too. So there's no way I'd stay and ride it out. Or get drown. I tried offering deed of lien and they told me to just wait for the decision from loan department. Well, I told them they will NOT help me because I'm already current! So fine, I'll just stop paying the mortgage because I really need the money for security deposit and apt, as well as moving expenses. I KNOW my credit will ding ..and ding.. as soon as I miss payments. It's a matter of time when my credit gets totally ruined. So I wonder if I should hurry and get an used car that is in excellent shape that would last me for the next 10 years with good interest rate because I won't be able to get a car once my credit shot down with the house being behind in payments and into foreclosure. NOTE: I live in Florida. Yeah I know and it sucks! And no I'm not renting out my house due to horror stories about damages and my mother and I simply do not have the money for repairs. I'd rather suffer by walking away with deed of lien IF short sale did not work out. The house isn't in a great shape, and the market isn't so good either so it makes selling this house very difficult. Please help, advise what should I do? I prefer finding a good car, and low payment like $200 or $250. That's all I can afford. I'm done paying $935 a month on the $105K house. And my balance I owe is $101K. It's crazy! Thanks so much.

I bank (or did bank) with Halifax. I have banked with them for 21 years and had an overdraft limit with them of £300 for at least the past 10 years. I went to draw some out of the cash machine yesterday to find my available balance was £0 despite only being £188 overdrawn. I contacted them and was told my overdraft limit has now been set to zero, out of the blue without a letter from them or being informed in any way. Further to this, I was told I was going to be charged at £5 PER DAY until the overdraft was cleared!! Even if I owed the full £300, that would still be well over 10% per week interest!! I had already been charged for 2 days of this (£10) before I even noticed what they were doing. Luckyily, I had more than enough in an account with Nationwide and went straight in, withdrew it from there, and put it into my Halifax account to clear the overdraft. Some people may however not be in such a fortunate position, and for something like this to come out of the blue at them without warning would be financially crippling. I told the cashier in the Halifax branch that I considered their behaviour to be such that I would expect from a loan shark. Also that I had transferred all my direct debits/standing orders to my Nationwide account and that my wages would be paid into there in future and I would be having no further dealings with Halifax. I know banks have to make money, but isn't £5 a day for an unauthorised overdraft (which is of their own creation) over the top?

Midland Chemical Co. is negotiating a loan from Manhattan Bank and Trust. The small chemical company needs to borrow $500,000. The bank offers a rate of 8¼ percent with a 20 percent compensating balance requirement, or as an alternative, 9¾ percent with additional fees of $5,500 to cover services the bank is providing. In either case the rate on the loan is floating (changes as the prime interest rate changes), and the loan would be for one year. a. Which loan carries the lower effective rate? Consider fees to be the equivalent of other interest. b. If the loan with a 20 percent compensating balance requirement were to be paid off in 12 monthly payments, what would the effective rate be? (Principal equals amount borrowed minus the compensating balance.) c. Assume the proceeds from the loan with the compensating balance requirement will be used to take cash discounts. Disregard part b about installment payments and use the loan cost from part a If the terms of the cash discount are 1.5/10, net 50, should the firm borrow the funds to take the discount? d. Assume the firm actually takes 80 days to pay its bills and would continue to do so in the future if it did not take the cash discount. Should it take the cash discount? e. Because the interest rate on the loans is floating, it can go up as interest rates go up. Assume that the prime rate goes up by 2 percent and the quoted rate on the loan goes up the same amount. What would then be the effective rate on the loan with compensating balances? Convert the interest to dollars as the first step in your calculation. f. In order to hedge against the possible rate increase described in part e, Midland decides to hedge its position in the futures market. Assume it sells $500,000 worth of 12-month futures contracts on Treasury bonds. One year later, interest rates go up 2 percent across the board and the Treasury bond futures have gone down to $488,000. Has the firm effectively hedged the 2 percent increase in interest rates on the bank loan as described in part e? Determine the answer in dollar amounts.

My current credit score is 699 and I owe a sh!tload on my credit cards and student loans. I'm trying to use the best strategy to improve my lot which is as follows: This is what I owe and my current interest rates 1- Line of credit- $9,500- 5.99% 2- Visa - $3,600- 11.24% 3- Visa - $2,300- 22% 4- Visa -$950- 27% 5- Mastercard- $300- 29.99% 6- Store Card - $300- 22% 7- Store Card -$150- 24% 8- Store Card -$1,000- 24% 9- Store Card -$1,200- 0% until next 12 months 10- Store Card – $0- 22% interest rate I have a total credit line of $33,800. These total debts are about 19,300 currently. I plan to be debt free in a year. I don’t know if I should use the snowball method or focus on the highest interest rate to pay down. What would you do?Neither of these first 2 answers adress my question at all.

After Hurricane Ike I made a decision to buy a house which turned out to be the biggest mistake in my life. I was a first time home buyer and had absolutly no experience in purchasing real estate. I had been denied by several banks due to my poor credit score at the time which was a 540...it has now improved to a 687. I was given an extremely high interest rate f 10.9 %. The closing of the purchase was done in the builders office with no closing company, lawyers , or bank present. Several months after living in the property I got a letter from the county showing back taxes. I contacted a title company to do a title search as well as to obtain a title certificate. The title showed 12 liens one of which was for a massive real estate loan for 20 million dollars. The tax certificate showed 5000 in back taxes. I payed the back taxes, but the leins are still there. The 20 million dollar lien has now been satisfied due to the lien holder forcibly taking possesion of the home. They accepted my payments and have since sold the loan off to another mortgage company. The mortgage has not been on my credit for over two years now .I have recently found out that my neighbor has not payed her mortgage since she recieved the same letter from the county showing back taxes, that was in may 2009. she has not been evicted/foreclosed , but is choosing to move on her own. I am currently suing the builder/financer for deceptive trade practice act violations, but there is now no end in sight, the defendants counsel has quit, due to their lack of cooperation. this presents an indefinate legal process. I am interested in buying a new house, but dont have money for a downpayment without stopping paying my mortgage so that i can save up.So far my mortgage has not been on my credit report i pay for credit monitoring and check it quite often. it has never showed up nor has there been any inquiries for a mortgage. can the new loan servicer put negative info on my report if i stop paying , since they have not made an effort to put the positive information. There is no hope of rectifying this situation without me getting another place to live.the 20 million dollar lien was on the house when i purchased it, the house was 160 thousand. there was all kinds of illegal acts in the purchase of this house, including but not limited to fraudulent hud statement, fraudulent county tax records, failure to disclose . my lawyer multiple felonies in my paperwork. how can a mortgage company put negative information on your credit when your credit report does not reflect that you have a mortgage.

http://archives.clintonpresidentialcenter.org/?u=102397-vp-announces-record-homeownership-level.htm http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html http://www.presidency.ucsb.edu/ws/index.php?pid=51448 Subprime Mortgage began in 1994 October 23, 1997 (From the Clinton Archives) In 1994, President Clinton, along with the National Partners in Homeownership, set a goal for the nation to achieve an all-time high homeownership rate by the year 2000. Today -- a full three years early -- the Census Bureau reported that in the third quarter of 1997 the homeownership rate climbed to its highest level ever. Here are some of the results from the Census report, as well as other housing-sector statistics: --In 1995, at the request of President Clinton, the Administration convened the National Partners in Homeownership to carry out a National Homeownership Strategy -- The Clinton Administration has cut FHA home mortgage insurance premiums four times --In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers. Putting pressure on the GSE's (Government Sponsored Enterprise) Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining a 50% portion of their portfolios in loans to low and moderate-income borrowers.[9] Fannie Mae Eases Credit To Aid Mortgage Lending WASHINGTON, Sept. 29, 1999 — In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. ***** Fannie Mae officials say they hope to make it a nationwide program by next spring. *** --BUSH REGULATORY OVERHAUL OF FANNIE/FREDDIE BLOCKED BY DEMOCRATS http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?pagewanted=all New Agency Proposed to Oversee Freddie Mac and Fannie Mae By STEPHEN LABATON Published: September 11, 2003 WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors. --Supporters of the companies said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families. -- ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Representative Melvin L. Watt, Democrat of North Carolina, agreed. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.@ Wizard.. I know the truth hurts.. but I have provided links to everything. Including the Clinton Archives ! Man up and accept the truth

A 10 year mortgage might be the right program for you. 10 Year fixed rate loans tend to be the lowest of all fixed rate products.

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10 year fixed mortgage rates will require a payment that is quite a bit higher than a traditional 30 year fixed rate mortgage.

More than half of Phoenix-area participants left the program without having their payments lowered.

People's bank has decided to give loans for agriculture, animal husbandry and fisheries at the lowest rates offered by a commercial bank in the country.

Treasury bond yields, which influence the home-loan rates, have surged since Tuesday. Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won't fall again next week.

Is it worth it to pay $200,000 for a liberal arts education, especially if it means taking out loans? One of my 20-something Kiplinger colleagues answers bluntly: "If I had realized how much debt I was getting into, I would have gone to my state school instead of an expensive private college." Finance - United States - Education - Colleges and Universities - Government

Central bankers have faced today's crisis before. But their new weapon, quantitative easing, could make the mess worse.

ITT Educational Services, the new owner of Daniel Webster College, is one of 30 higher education institutions nationwide under scrutiny by a U.S. Senate committee as the Department of Education considers stricter regulation of for-profit colleges. The rapidly growing for-profit college industry has faced criticism in recent months over questionable recruiting tactics, high student loan default ...

The Tansi Sewer Utility District has been busy finalizing rules and regulations, rates and fees and moving forward with a revenue bond that will allow for expansion of the sewer treatment facility and installation of sewer lines to serve about 700 homes in the Lake Tansi area.

It doesn't pay much to save these days even as consumers and companies -- sobered by high unemployment and the recession -- have cut spending and tried to reduce debt.

Thomas and Laura Fabricio, newlywed lawyers, say prices have sagged since they began looking for a starter home last year. As a result, they say, once-too-pricey neighborhoods opened up and descended right into their price bracket -- $200,000, give or take.

The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and lower minimum credit scores. If you're a buyer with little cash or a small-scale investor looking for a deal on a foreclosed house, a little-publicized national lending program could be just what you need this fall.