Thursday, March 6, 2008

Homeowner Equity Is Lowest Since 1945: Financial News - Yahoo! Finance

Homeowner Equity Is Lowest Since 1945: Financial News - Yahoo! Finance: "The proportion of all mortgages nationwide that fell into foreclosure surged to a record of 0.83 percent, while the percentage of adjustable-rate mortgages to borrowers with risky credit that entered the foreclosure process soared to a record of 5.29 percent."

That doesn't sound too bad.

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