There is a good article at Kiplinger.com by Erin Burt, about the lessons she learned from being broke. Times are tough for a lot of people right now, so hopefully everyone can learn these lessons and improve their financial situation.
Senator John McCain was the second candidate to
outline his solutions to the housing and credit
situation. He restated the history leading up to the current
situation and placed the blame for the crisis on:
“Average mortgage rates were up for all loan products reported,” said Frank Nothaft, Freddie Mac vice president and chief economist. “However, for the first 11 weeks so far this year, the average 30-year fixed rate is still below 5.9 percent, and the average 30-year rate in January was the lowest since July 2005. “The combination of lower house prices and lower mortgage rates contributed to a more affordable market for homebuyers. Read More Now