Friday, August 19, 2011

NYTimes: Mortgage Rates Hit 50-Year Low

From The New York Times:

BUCKS BLOG: Mortgage Rates Hit 50-Year Low

The 30-year fixed-rate mortgage reached a 50-year low this week of 4.15 percent, before points.

http://nyti.ms/pqQlHp


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NYTimes: A Second Great Depression, or Worse?

From The New York Times:

ECONOMIX BLOG: A Second Great Depression, or Worse?

The 19th century, with technological change remaking the economy, had long, traumatic slumps, and the reaction is echoed in electoral politics today, an economist writes.

http://nyti.ms/qYze5C


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NYTimes: Bank of America Plans Big Layoffs to Cut Costs

From The New York Times:

Bank of America Plans Big Layoffs to Cut Costs

With its stock down more than 50 percent since January, Bank of America is set to eliminate at least 3,500 jobs in the coming months to cut quarterly costs by $1.5 billion.

http://nyti.ms/r71WSw


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Tuesday, August 16, 2011

Buying Cheaper Than Renting In Most Cities - Money News Story - KIRO Seattle

http://www.kirotv.com/money/28877889/detail.html

Article: U.S. economy has young Americans downsizing their dreams - KCPQ


U.S. economy has young Americans downsizing their dreams - KCPQ
http://www.q13fox.com/news/nationworld/la-fi-youth-debt-20110814,0,2040858.story

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Article: Why Do People Actually Buy A Home? | The Daily Port Chester


Why Do People Actually Buy A Home? | The Daily Port Chester
http://www.thedailyportchester.com/real-estate/why-do-people-actually-buy-home

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Article: Household debt falls slightly - chicagotribune.com



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Article: Patch Launches National Effort To Chronicle Local Economic Struggles - Essex-Middle River, MD Patch


Patch Launches National Effort To Chronicle Local Economic Struggles - Essex-Middle River, MD Patch
http://essex.patch.com/articles/patch-launches-national-effort-to-chronicle-local-economic-struggles-7

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Article: Mortgage mess: Free Press uncovers widespread foreclosure dumping by Freddie/Fannie | MLive.com



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Monday, August 15, 2011

NYTimes: At Vacant Homes, Foraging for Fruit

From The New York Times:

At Vacant Homes, Foraging for Fruit

Some urban foragers have turned their focus to the produce ready to be picked at abandoned or foreclosed homes.

http://nyti.ms/r2895H


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NYTimes: Low Rates May Do Little to Entice Nervous Consumers

From The New York Times:

Low Rates May Do Little to Entice Nervous Consumers

Low interest rates, which usually persuade consumers to spend, are not working this time for reasons including anxiety over jobs and tighter lending standards.

http://nyti.ms/nftULp


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Sunday, August 14, 2011

NYTimes: Borrowing in Retirement

From The New York Times:

MORTGAGES: Borrowing in Retirement

About a third of households headed by someone 65 and older have a mortgage, according to the latest census data.

http://nyti.ms/qanQTK


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Kentucky pension fund walloped on Wall Street | The Courier-Journal | courier-journal.com

http://www.courier-journal.com/article/20110813/NEWS02/308130065/Kentucky-pension-fund-walloped-Wall-Street


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