The Bush economy keep chugging along as foreclosures hit record
Pam’s House Blend …always steamin’! wrote an interesting post today on
Here’s a quick excerpt
Foreclosures hit all-time high. It’s mounting — 5.82% of outstanding mortgages are delinquent, up from 5.59% during the three months ended September 30, 2007. In the same period in 2006, it was 4.95%.More home owners than ever are losing the battle to make their monthly mortgage payments. Two percent of all mortgages are currently in foreclosure, according to a survey by the Mortgage Bankers Association, the highest rate in the report’s quarterly history. …”Declining home prices are clearly
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