Article on mortgage rate spread

• Why housing will get worse (Article June 12, 2008)
  CNN Money article: Hard hit cities like Sacramento, Phoenix and Las Vegas are set for more steep losses. Some real estate experts are bracing for price drops of as much as 50%.
• Nobel Winner Stiglitz: US Facing Long Recession
  Nobel prize winning economist now says this recession may "echo the 1930's"
• AP Poll: Morgtage Payments Worry Many
  "One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home's value is shrinking, according to a poll showing widespread stress from the nation's housing crisis."
• The big risk in the foreclosure fix
  "FHA, a formerly obscure federal agency, is now at center of many plans to fix the housing market. But it may not be up to the task - and that could cost taxpayers a bundle."
• New mortgage applications fall 29%
  CNN Article (04/02/08): Mortgage Bankers Association's survey reveals that application volume declined in latest week as rates for fixed-rate loans increased.
• Mortgage rates up due to credit crunch
  This article from Bloomberg business news describes why the Federal Reserve interest rate cuts have not caused a commensurate decrease in mortgage rates. In fact, mortgage rates are increasing.
• The next shoe to drop in housing
  Article from CNN describes how big losses at Fannie Mae and Freddie Mac are making it more difficult and more expensive to obtain home loans even for borrowers with good credit.
• Washington Post Article: A 1930s Loan Rescue Lesson
  Article describing the government housing rescue plan (HOLC) of the 1930s.
• Bear Stearns Crisis Averted - But For How Long?
  Interesting analysis at HousingWire.com.
• Why Housing Will Continue to Deflate
  "I continue to believe that we are going to see further downward pressure on home prices -- regardless of what the Congress believes or intends or manipulates....."