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US Senate Passes Bailout Plan October 03, 2008 The U.S. Senate has overwhelmingly passed the $700 billion rescue plan for the U.S. financial system. |
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“Hope For Homeowners” Mortgage Aid Program Launched October 03, 2008 If you are struggling to keep up with your mortgage payments and your mortgage exceeds your home value the new “Hope For Homeowners” program may be a way for you to keep your home at an affordable monthly mortgage payment. |
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Senate to Vote on Financial Rescue Plan October 01, 2008 The U.S. Senate has scheduled a vote for Wednesday on a revised version of the $700-billion financial rescue plan the House of Representatives rejected Monday. The two main U.S. presidential candidates, Republican John McCain and Democrat Barack Obama, along with Obama's running mate, Joe Biden, are expected in Washington to vote on the measure. |
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October 02, 2008
Fixed mortgage rates edge down slightly as Congress continues to work on passing a mortgage bailout bill. However, uncertainty in home values led to a 23 percent decline in mortgage applications throughout the week, according to the Mortgage Bankers Association.
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