Diane Alter – AHN News Reporter Arlington, VA, United States (AHN) – Mortgage rates in the U.S. have fallen to a record low-again. The average rate for 30-year fixed loan slipped to 3.84 percent for the week ending May 3, down from 3.88 percent in theor week. It is the lowest ever for the 30-year [...]
ProPublica Staff Washington, DC, United States (ProPublica) – by Marian Wang It was with some fanfare that the Obama administration announced last fall that it was ramping up a program to help students with federal loans reduce their monthly payments. Under the program, payments are adjusted based on how much students earn — what’s known [...]
The Media Line Staff Cairo, Egypt (The Media Line) – Egypt faces a risk-laden game of Beat the Clock as it tries to get its political house in order before its foreign currency reserves sink much more. Reserves fell to $16.4 billion in January from about $36 million a year earlier, a drop that economists [...]
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 [...]
Ramallah, Palestinian Territory (IRIN) – Izz Tawil draws a black circle on the flip-chart in his office in Ramallah, capital of the West Bank in the occupied Palestinian territory (oPt). “The Palestinian economy is a closed cash-circle,” the general manager of the Palestinian microfinance network Sharakeh explains. He goes on to draw several small arrows [...]
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 [...]
The Media Line Staff Jerusalem, Israel David Rosenberg (The Medi – Home prices – an anxious subject for both Israeli consumers and policy makers as they first raced higher and then suddenly started to sink – remain a threat to the economy, the Organization for Economic Cooperation and Development (OECD) warned on Monday. Although the [...]
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 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 [...]
Mbabane, Swaziland (IRIN) – Swaziland’s only university has reopened a month late for the new academic year, but the nearly 6,000 students are boycotting classes over cuts in their allowances, which the government says will only be paid in a few months time. The deepening economic crisis, which has led neighboring South Africa to agree [...]
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