Thursday, December 06, 2007

A bailout for borrowers?

A couple of interesting developments today:

The Bush administration has outlined a plan to help homeowners facing a jump in their mortgage payments by freezing rates for five years.
Bush to unveil plan to help homeowners


The Bank of England cut its benchmark interest rate by a quarter percentage point to 5.5%
UK interest rates trimmed to 5.5%

0 comments: