3:44pm: The lender appears headed for bankruptcy, but it's unclear how that will affect borrowers such as Eddie Bauer and other businesses. MoreWashington to CIT: Drop dead
Fortune's Colin Barr says the government thinks the economy is strong enough to deal with a potential CIT failure.
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Yes, strong local economies still exist. These small towns have 'em - plus great schools, affordable homes, low crime, and much more. More
Homeowners fell behind on mortgage payments in record numbers during the first six months of 2009. The future doesn't look much better. more
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Overnight avgs
| 30 yr fixed mtg | 5.41% |
| 15 yr fixed mtg | 4.92% |
| 30 yr fixed jumbo mtg | 6.46% |
| 5/1 ARM | 4.52% |
| 5/1 jumbo ARM | 5.17% |
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