To find out how Treasury's mortgage rate-cut plan might come together — or whether it's even possible — Kai Ryssdal talks with Susan Wachter, professor of real estate at the University of Pennsylvania.
Treasury Secretary Paulson is said to be considering a plan to use Fannie Mae and Freddie Mac to push down mortgage rates for new home purchases to as low as 4.5%. Marketplace's Steve Henn reports.
The government is looking at persuading banks to lend at rates of 4.5 percent. That's about a percentage point lower than the current rate for a typical 30-year mortgage. Ashley Milne-Tyte explains how.
Finding a job in another city helps broaden horizons for many people looking for work. But people are more reluctant to relocate these days on fears that they won't be able to sell the house. Steve Henn reports.
Homeowners with adjustable-rate mortgages are reaping the benefits of increased demand of Treasury bills. With investors seeking refuge in T-bills, yields have come down. Jeff Tyler explains.
A major credit reporting agency is saying that the number of mortgage delinquencies is hitting new highs. The main reason people are falling behind is adjustable-rate mortgages. Ashley Milne-Tyte reports.
Malls across the country are entering foreclosure as store sales are down and mall owners can't refinance in times of tough credit. Nancy Marshall Genzer looks into the credit crunch's effect on malls nationwide.
Little noticed in the day's headlines is this little tidbit: Existing home sales fell another 3% last month. The average house today is worth about what it was in early 2004. Commentator Dean Baker says attention must be paid.
Some lenders are becoming more willing to modify the terms of loans and it's the bit of relief many homeowners needed to keep their homes. Minnesota Public Radio's Jess Mador reports.
