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Homeowners now pay for years of low rates (Detroit News) - F or Amy and Randy Greenwood, an adjustable-rate mortgage was a way to consolidate bills even with less-than-perfect credit.. CML highlights adverse trend (Mortgage Introducer) - Over 5% of total mortgage lending in 2005 was probably "adverse credit" lending to people with previous credit problems, making it the largest specialist sector after buy-to-let, according to a new article published by the Council of Mortgage Lenders.. Countrywide CEO: housing slump to last a year (CNN Money) - No. 1 mortgage lender's exec says buyers must first believe home prices won't decline.. Countrywide says housing slump has a year to go (Reuters via Yahoo! News) - The slowdown of the U.S. housing market will last through 2007 as inventories are pared enough to prompt a change in consumer psychology, the chief executive officer of the nation's biggest mortgage lender said on Tuesday.. More Americans Refinance Homes to Pay Existing Debt -- But Should They (PR Web via Yahoo! News) - SAN MATEO, Calif. (PRWEB) November 15, 2006 -- Despite cautionary forecasts about the nation's economy and the state of consumer debt, a recent mortgage refinance review found 88 percent of refinance loans in a recent survey were "cash out" refinances for higher amounts than the original mortgage.. More Americans Refinance Homes to Pay Existing Debt -- But Should They (PR Web) - Bills.com spotlights pros, cons of credit-paying mortgage refinance. (PRWeb Nov 15, 2006) Trackback URI: http://www.prweb.com/zingpr.php/Q291cC1aZXRhLUhvcnItU3F1YS1NYWduLVplcm8=. HELOC rates surpass mortgage rates (Bankrate.com via Yahoo! Finance) - As the average HELOC rate passed 30-year fixed rates some people were paying them off, some pounced on hybrid HELOC products and still others stood pat but grumbled about those high interest rates.. Long-term mortgage pain (Investment Executive) - New home financing innovations, such as interest-only mortgages and mortgages with 35- or even 40-year terms, are making monthly payments more affordable and giving Canadian consumers more purchasing power.. Dubai World to invest $1b to revamp V&A (Khaleej Times) - DUBAI — Dubai World yesterday said it would invest another $1 billion for a three-stage redevelopment of its latest $1 billion South African acquisition — Victoria & Alfred Waterfront (V&A).. Should I Refinance My Home To Pay Credit Card Debt? (CBS 46 News Atlanta) - A mortgage refinance can be a good way to pay off your credit cards and lower the interest rate on your debts. But weight the pros and cons before making a decision..