Mortgage rates plummet: July 5 – Mortgage rates are mixed today, but the average rate on 30-year fixed mortgages plummeted. Meanwhile, the average rate on 15-year mortgages remained unchanged and the average rate on 5/1 ARMs rose.

How to keep a breakup from causing a foreclosure – Usually lenders won’t come after a borrower under your circumstances. From a practical point of view, the lender wants its loan to be paid on time over its term. The loan documents give the lender the right to call the loan, which means the lender can require the loan to be repaid in full upon the sale or transfer of the property.

Forget energy, financials are pegged as next ‘fallen angels’ in debt markets – There’s a quiet storm brewing among global financial institutions: a commodity-price slump and sluggish economic growth are finally spilling over to banks’ balance sheets.