Interesting Personal Debt News Links (April 22, 2009)

April 22, 2009

* Northern Rock can offer a blueprint for disaster (Paul Farrow, The Daily Telegraph)

There are some stories you hear or read in the morning that make you choke on your cornflakes in disbelief, and there are others which do not surprise you at all.

* Buy while rates are low (Beth W. Orenstein, Morning Call)

Lenders expect that with mortgage interest rates at historic lows, with home prices declining and many first-time homebuyers eligible for up to an $8,000 tax credit, they will be kept busy with applications for home loans this spring.

* Tax day brings tea party day for protests nationwide (Dave Helling, Kansas City Star)

You’re invited to an afternoon tea party — and not the raised-pinkie, one-lump-or-two variety, either.Try a Boston Harbor, sneak over the bow, throw-stuff-in-the water populist protest against the federal government.Today in Kansas City, and 2,000 other communities large and small across America, hundreds of thousands of people are expected to gather t…

* Lenders Offering 50-Year Mortgages (Brian Dakss, CBS News)

Lenders Offering 50-Year Mortgages Payments Lower Than With Other Loans, But Experts Urge Caution

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