President Bush Urges Congress To Act
"Mortgage foreclosures and late payments are expected to worsen. Some 2 million adjustable rate mortgages are to reset to higher rates this year and next."
So says an article which was posted today on Yahoo Finance. Here is a link to the article which suggests that President Bush is going to propose some sort of assistance to homeowners who have been hit by increasing interest rates, as well as the downturn in the housing market.
http://biz.yahoo.com/ap/070831/bush_housing_slump.html?.v=1
The market will continue to correct itself and, as a result, a great buyer's market will become even better.
posted by Tom @ 7:30 AM
0 Comments:
Post a Comment
<< Home