Tacoma News Tribune - WASHINGTON – Mortgage rates rose again this week on worries about what the Federal Reserve will do next. One-year adjustable rate mortgages hit the highest level in nearly five y (full story)
Full text of Bernanke remarks
MSNBC - Following is the full text of Monday's remarks by Federal Reserve Chairman Ben Bernanke, as prepared for delivery to the International Monetary Conference in Washington. I am pleased to be her (full story)
Inflation makes ARMs a bad deal
Belleville News-Democrat - With interest rates rising, fewer people are applying for new mortgages -- just as you'd expect. But here's a worrisome surprise: More of the applicants are seeking adjustab (full story)
No-cost mortgage may be unwise in today's market
News-Press - No-cost mortgages are popular with home buyers who are trying to scrape together enough cash to buy a home. Now that the cost of mortgage money is rising, it makes sense to re-evaluate th (full story)