News & Insights

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The Business Monthly: The Mortgage Debt Time-Bomb

As we approach the end of the third quarter of 2002, short-term interest rates set by Federal Reserve Policy are at 40-year lows of 1.75%, and could be headed even lower to stimulate a sagging economy that is potentially on the verge of entering a double-dip recession.  Mortgage rates are also at extremely attractive levels. […]