Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for U.S. 30 year mortgages dropped to the lowest level on record as the number of homeowners seeking to reduce their monthly payments soared. The average rate for a 30-year fixed loan for the week ending Jan. 19 fell to 3.88 [...]
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – How low can they go? That is the question many people are asking after the average rate on 30-year fixed mortgages hit new lows again for the week ending Dec. 22. The average rate on 30-year fixed mortgages fell to a record [...]
Diane Alter – AHN News Reporter Rochester, MI, United States (AHN) – Wednesday’s CNBC Republican debate in Michigan wasn’t without a few gaffs and gaps. The Republican candidates stressed their opposition to U.S. government bailouts for banks, Europe and the auto industry. Former Massachusetts Gov. Mitt Romney rejected a suggestion that the U.S. should help [...]
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – There is nothing average about the new average student loan debt. The average debt of college seniors who graduated in 2010 with student loans increased 5 percent from a year earlier to $25,250. The amount is the highest level ever. The figure [...]
Vittorio Hernandez – AHN News Athens, Greece (AHN) – Thousands of Greek workers went back to the streets on Thursday to protest the fresh round of austerity measures the government had to put in place to qualify for more bailout from the European Central Bank and the International Monetary Fund. To get $10.95 billion (EUR [...]
Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – A rising number of college graduates are filing for bankruptcy protection, says a study by the Institute for Financial Literacy scheduled for release on Tuesday. In 2006, degree holders accounted for 11.2 percent of bankruptcy protection filers, the study found. By 2010, their proportion [...]
Linda Young – AHN News Writer Washingtong, DC, United States (AHN) – Bank-owned house sales remained high during the second quarter of the year with homes in some stage of the foreclosure process, including short sales, rising to 31 percent of sales compared to 24 percent a year earlier. However, that number was down from [...]
Linda Young – AHN News Writer Washington, D.C., United States (AHN) – The majority of Americans do not have enough money to deal with a $1,000 emergency, according to the National Foundation for Credit Counseling’s (NFCC). NFCC conducted an online poll in July that found 64 percent of Americans would have $1,000 in savings to [...]
Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank is open to another stimulus program if it were necessary to help the ailing American economy. However, Bernanke said that for the moment the move was not yet imminent. The hint [...]
Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – The U.S. Department of Housing and Urban Development has made available a $1-billion lifeline to American homeowners who have problems with their mortgage payments. The fund, launched in June, is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Its aim is [...]
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