Global Debt Has Risen by $57 Trillion Since the Financial Crisis, Which Is Scary – First, in the abstract it doesn’t matter. For every debtor there is a creditor, and in theory an economy should be able to hum along just fine whether a country’s citizens have a great deal of debt or none. A company’s ability to produce things depends on the workers and machines it employs, not the composition of its balance sheet, and the same can be said of nations.

Mortgage rates slump on weaker than expected economic reports – Weaker than expected economic reports caused a slump in mortgage rates this week, according to the latest data released Thursday by Freddie Mac.

US housing market booms as foreclosures drop 69% from 2009 peak – Healthier US economy helps winnow foreclosures as mortgage applications jump 40% in a single week. Is the housing market ready to grow again?