Mortgage rates inch down but stay over 7%, with home-buying sentiment at a
record low
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The 30-year mortgage rate is averaging 7.09% Freddie Mac said in its latest
weekly survey on Thursday.
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PERSISTENCY does have its NEGATIVE EFFECTS that must need be SIGNIFIED IN ASTOUNDING ABUNDANCE. ...President Giorgio Napolitano issued a stark warning that urgent action was needed to restore trust in public finances.
ReplyDeleteItaly's largest trade union, the CGIL, has called a general strike against the measures and plans rallies across the country on Tuesday, underlining the air of emergency in the euro zone's third largest economy.
In a statement after markets closed, Napolitano said a selloff of Italian government bonds on Monday had sent an "alarming signal" that markets had lost faith in Italy.
"It is a sign of the persistent difficulty in regaining trust as is urgently and indispensably required," he said, adding that he urged all parties not to block measures needed to restore credibility.