Charlie Cain / Detroit News Lansing Bureau Detroit News - The creation of an "adjustable rate mortgage refinance program, which would assist homeowners saddled with that type of risky mortgage to obtain a lower-interest, fixed-rate mortgage. Mary Lou Keenon, a spokeswoman for the Michigan State Housing Source: www.detnews.com The Difference Between A Fixed Rate Mortgage And A Variable Rate Best Syndication - Generally, there are two major types of loans. These are the fixed rate mortgage and fixed rate mortgage the variable rate mortgage. Both types have their own advantages and fixed rate mortgage disadvantages which anyone should consider carefully. A fixed rate mortgage makes the monthly Source: www.bestsyndication.com When the economy is faltering, refocusing your portfolio will preserve Boston Globe - The simplest way is through a fixed-rate mortgage or Treasury Inflation-Protected Securities, or TIPS, such as the SPDR Barclays Capital TIPS ETF. As you shouldn't be overinvested in real estate, so it goes for US stocks. A recession will definitely Source: www.boston.com Stay alert to savings rate squeeze This is Money - In contrast, the bank cut its standard mortgage interest rate by just 0.20 of a point. Nottingham Building Society has used a An alternative strategy is to take out a short-term, fixed-rate savings bond. The best one-year fixed bonds all pay 6 Source: www.thisismoney.co.uk Is a Recession Certain? Street.Com - Kevin Giddis, managing director of fixed-income capital markets at Morgan Keegan, agreed. He will be By June, we'll be through three-quarters of the [mortgage] resets." But Bill O'Donnell, rate strategist at UBS, isn't convinced. Source: www.thestreet.com State promotes foreclosure prevention counseling WTHR - Freddie Mac, the mortgage company, reports that 30-year, fixed-rate mortgages averaged 6.07% this week. That was down from 6.17% last week and fixed rate mortgage was the lowest level for 30-year mortgages since the week of December 6th when they fell to a 2-year low of Source: www.wthr.com Shrinking jumbo mortgages Newsday - When Allan Press started looking for a new home in the spring, he was approved for a $561,000 mortgage at a 6 percent interest rate. As of Dec. 28, the rate on a 30-year fixed-rate jumbo loan was 7.09 percent, while the rate on a comparable Source: www.newsday.com ASK YOUR BANKER FOR A MORTGAGE ADJUSTMENT New York Post - a rate modification on my adjustable rate mortgage? For five years now my rate has been as low as 5.25 percent, after an initial 5.75 percent. It is now 5.9 percent. I actually want to know if I can get them to modify my loan to a fixed rate. I have Source: www.nypost.com Next damned for issuing faint praise of seasonal trading Daily Telegraph - Next recognised that many of its customers would face "increasing demands on their finances" this year, with a good number likely to experience increased mortgage charges as favourable fixed-rate deals expire. In early November, Next chief executive Source: www.telegraph.co.uk
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