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All Posts Tagged Tag: ‘Mortgages’

Occupy Wall Street Buys Debt at 50-1, Abolishes It

Reuters and the Guardian both report one of Occupy Wall Street’s spinoff groups, the Rolling Jubilee Project, announcing this week that they have successfully bought $14.7 million in healthcare debt accumulated by Americans for roughly $400,000. Rolling Jubilee was set up by the OWS debt group Strike Debt! after the widespread financial protests in 2011. Andrew Ross, a member of …

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30-Year Mortgage Rates Continue To Hit New Lows, According To Freddie Mac

30-year fixed-rate mortgages are averaging record-breaking lows, according to Freddie Mac. The company has released results of its Primary Mortgage Market Survey showing that a streak of lows is continuing. According to the survey, the mortgages averaged 3.49%, which is over a full percentage point lower than a year ago, when it averaged 4.55%. Frank Nothaft, vice president and chief …

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