Mortgage, debt management and personal finance in the news.

House prices drop for first time in decade

Median house prices fell in August from the year earlier. Last time this happened was in April, 1995, according to the National Association of Realtors.

The national median (mid point) sales price for existing homes …

Don’t wait until last minute to deal with mortgage arrears

When you get behind in your mortgage, it is smart to start talking to your lender right away. Usually they will make adjustments to accommodate your situation, saving you a lot of money.

If …