Trump looks to South Korea to bring down mortgage rates

Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. Continue reading

Mortgage rates surge on Moody’s downgrade of US credit rating

Moody’s Ratings is the last credit agency to strip U.S. of most favorable debt rating over concerns that Congress and “successive U.S. administrations” have failed to tackle annual budget deficits, growing interest costs. Continue reading