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Refinance House
Conventional understanding says that one should not refinance house unless the market rates are approximately 2 percent below than one's original mortgage lock in rate. But some of the re-financiers may even like to take the advantage of one or one and a half percent decrease in the interest rates.
Recession Deepens
Another disappointing day on Wall Street led investors to 200 point loss. With no signs of recovery stocks are expected to continue its decline for a few weeks.
Why America Turned on Credit Cards
Banks are tightening even more on their lending practices from home mortgages to credit cards and business loans.
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