Payment shock in store for those on a fixed-rate mortgage (Daily Mail)
Thousands of home-buyers on fixed-rate mortgages face a crippling 'payment shock' as a result of the global credit crunch, it was claimed last night. Some could find their monthly repayments surge by up to 60 per cent, bringing the threat of debt and repossession

Payment shock in store for those on a fixed-rate mortgage (Evening Standard)
Thousands of home-buyers on fixed-rate mortgages face a crippling 'payment shock' as a result of the global credit crunch, it was claimed last night.

Financial services firms establish mortgage program in D.C. (bizjournals.com via Yahoo! Finance)
Several financial services companies and organizations announced a $200 million commitment to launch a mortgage program that makes 30-year fixed-rate mortgages available to eligible D.C. residents with little or no credit history.

Mortgage apps down despite rate drop (CNN Money)
Volume declines nearly 3 percent in previous week despite recent decline in interest rates; 30-year fixed rate hits 6.32 percent.

Why You Should Refinance Now If You Have an Adjustable Rate Mortgage (Benton Evening News)
(ARA) - If you took out a mortgage on your home between 2002 and 2005, chances are good you ended up going with an adjustable rate mortgage or ARM. Back then, it was just too good of a deal to pass up.