“The mortgage dates back to medieval England. But the roots of these legal contracts go back thousands of years,” Michael J. Highfield writes.
The Federal Reserve lifted interest rates by 0.75 percentage point on June 15, 2022, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years. What does this all mean? Finance scholar Brian Blank explains what the Fed is trying to do, whether it can succeed and what it means for you.
Thousands of Mississippians significantly behind on their mortgage payments have still yet to take advantage of the CARES Act forbearance program, set to expire in only two weeks on June 30. Enrollment in the program provides homeowners with up to a year of protection against foreclosure, with very few restrictions and requirements to qualify and apply.
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The Mississippi Free Press is a project of the Mississippi Journalism and Education Group, a 501(c)(3) nonprofit journalism organization (EIN 85-1403937).
