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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 601 |
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If you're not a prime borrower, you will have a hard time getting credit today.
A whole class of borrowers, subprime home buyers, has already been virtually eliminated from the home-buying market. If jumbo buyers also face much higher interest rates, many will postpone home buying plans. And that can only add to the pain of slumping or dull markets...
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If jumbo buyers also face much higher interest rates, many will postpone home buying plans. And that can only add to the pain of slumping or dull markets. Federal Reserve policymakers will be meeting today in order to discuss the economy and interest rate policies. Also, in response to the latest market turmoil, chief spokesman for Freddie said that they might "allow the company to buy larger mortgages, those above the current $417,000 cap...
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