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How the euro crisis will affect you

Posted by mortgage 6 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.

Frum: Yes, worry about the euro crisis

Posted by mortgage 6 hours ago (Editorial)
The European financial crisis is poorly understood in the United States.
The Great Recession leaves a lasting mark on most of them and overcomes a few.

Mortgage rates lowest in 60 years

Posted by mortgage 11 days ago (Editorial)
WASHINGTON - Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.
Japan is about to join Europe in the debt crisis ranks, with the two regions offering the best opportunities for investors to bet against, hedge fund manager Kyle Bass said.
The cause of the housing crisis wasn?t the financial industry deceiving mortgage borrowers and investors but instead overly optimistic beliefs about house prices, according to a research paper released by the Boston Fed.
Good news or bad news? Depends, perhaps, on what you do with it. Freddie Mac?s weekly survey of mortgage interest rates today reveals the rate on the 30-year fixed mortgage has hit a new low: 3.84% for the week ending May 3, down from 3.88% last week and 4.71% a year ago. As a matter of fact, all the rates surveyed hit new lows.
Frontline aired the first two parts of their 4-episode documentary "Money, Power & Wall Street" last night.

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