Washington Post today reports a spike in interest rates has blunted a recent refinancing boom. One of the most persuasive purposes supporting big bank bailouts amid a foreclosure crisis is the need for banks to make cheap money available for property loans. To help reverse the traumatic trend of home and business property foreclosures, refinancing is critical. Refinancing comprises the brunt of the mortgage market.Recent government measures aimed making such funds available at more attractive [...]



Recent Comments