Need a mortgage? Know your credit score!
Your credit score determines whether or not you qualify for a mortgage — and if so, how much it is going to cost you.
Archive for the 'Financial News' Category
Understand the Credit Crisis
How is it that a mess concentrated in one part of the mortgage business — subprime loans — has frozen the credit markets, sent stock markets gyrating, caused the collapse of Bear Stearns, left the economy on the brink of the worst recession in a generation and forced the Federal Reserve to take its boldest action since the Depression?
Vacationing abroad? Dollar crisis has preceeded you
Experts say the bleak U.S. economic forecast means it will take years for the dollar to recover its value and prestige.
U.S. economy lost 63,000 jobs in February
The economy shed 63,000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession. [video]
Dollar woes ripple through Wall Street
The U.S. dollar hit $1.51 to the euro for the first time on record, and fell to historic lows against a basket of currencies, as weak data suggest more interest rate cuts. [video]