Salt Lake City, UT (openPR) 1 December 2006

The American Enterprise Institute for Public Policy Research (AEI) announced yesterday that America still has the chance of a 2007 recession because of the current housing crisis. LoanPage.com, a complete source of mortgage loan tools and lenders, can help homeowners strive to preserve the value of their homes in the face of recession find solutions, such as Home Equity Protection (HEP). HEP can guarantee, if the owners drop in property values in their area, they are protected in whole or in part by this loss of value.

“Housing and American Recessions” published by AEI, John Makin writes: “A drop in the annual growth rate of residential investment (a good measure of home construction activity) more than 10 percent coincided with a recession five of the seven times he since 1965 has held. “

Makin continues, “a slowdown in housing tend to cause a recession as a result. set in the second quarter of 2006, housing investment fell at an annual rate of 11.1 percent, followed by a rate of 17.4 per cent decline in third quarter. The intensity of the decline in U.S. residential investment in the middle two quarters of 2006 is approaching potential recession territory. “Although a slowdown in housing is needed for a recession, spending for terms related to housing and how the Federal government manages interest rates and inflation will determine whether the housing slowdown creates a recession.

many homeowners are not aware about falling housing values financing options that can help maintain the value of their home affected. In addition, current mortgage rates move higher, some homeowners with adjustable rate mortgages or interest-only can refinance their mortgages. Mortgage calculators, tools and resources can help make funding decisions LoanPage.com homeowners according to their situation (http://www.loanpage.com/mordesk.asp). Owners can also loan officers who know the industry and can recommend products from building societies.

LoanPage.com (http://www.loanpage.com/) is a comprehensive source for mortgage loan tools and resources including mortgage calculators and a mortgage glossary. Visitors can find answers to questions related to credit, the most common download a loan application or find lenders in their area.


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