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Version actuelle datée du 11 mai 2017 à 02:18

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Foreclosures are at all time highs as adjustable/teaser rate mortgages reset. This means that people got into a loan agreement to purchase a house where the initial payment was low and, thereby, affordable. Once the mortgage payment reset to a higher rate (usually within the first 2 years of the loan), the home was no longer affordable. Due to the recent downturn in real estate prices and slow home sales in nearly every city, many people that could no longer afford their mortgage payment due to the loan reset, may be locked out of a refinance. People either took out bad loans that they did not understand or they got into a home that they could not afford.

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travel websites list Meanwhile, small businesses account for most of the jobs in the U.S., and the National Federation of Independent Businesses (NFIB) reported last week that its Small-Business Optimism Index dropped in June for the fourth straight month, and "is solidly in recession territory." That does not bode well for an improvement in the jobs picture going forward.

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