Mortgage calculator NerdWallet has just released its mortgage calculator, the latest addition to the company's portfolio of tools.It's a welcome addition for anyone who wants to find out how much they'll need to pay down their home.But how much does a mortgage cost, and what's the interest rate?NerdWallet's calculator has a few interesting details, including the following: A 30-year fixed rate mor...
The housing market was about to explode in the fall of 2007.
With credit markets so weak, many lenders had little choice but to go into a frenzy selling homes, often to investors who were willing to take on debt at low rates.
The market also hit a major turning point.
In the wake of the subprime crisis, interest rates began to rise sharply, sending some people into default.
As mortgage rates surged, so did defaults.
In September 2008, the Federal Reserve raised interest rates to its highest in years, and in October it began to raise rates again.
The economy took a huge hit.
But as the housing market began to recover, many borrowers found themselves underwater on their mortgages.
Many families were left with a crushing debt burden.
Many saw their credit rating plummet and their homes are now worth less than they paid for them.
And as more borrowers defaulted, lenders were forced to offer more mortgages.
Some of the banks that had been holding back on lending found themselves unable to refinance mortgages because they could no longer make a profit on the mortgages.
This pushed lenders to take more risks, making them even more susceptible to losses.
The crisis was devastating to the economy.
The unemployment rate rose to nearly 20 percent.
By the end of the year, the U.S. economy had shrunk by nearly half a million jobs.
But the worst hit by the housing crisis was not the economy, but the government.
The housing crisis hurt the budget, hurting government revenues as well as tax revenues.
By April 2009, the government had a budget deficit of $1.2 trillion.
And by June 2009, President Obama was calling on Congress to raise the debt limit to help pay down the debt.
The debt ceiling was supposed to be used to fund the government for a full year.
But Congress declined to raise it, saying it would require a “major and sudden” increase in taxes.
Instead, the president called on Congress, the Treasury Department, the Joint Committee on Taxation, and the Federal Deposit Insurance Corporation to raise taxes in an attempt to close the gap.
At the end in June 2009 it was $1 trillion, and Congress voted to raise that amount.
The $1 billion debt limit was raised in September, and on Oct. 1, the United States was able to begin its biggest debt-ceiling hike in history.
On Oct. 9, Congress passed the “Talks to Close the Debt Ceiling Act,” which required a 2.5 percent tax on the debt and allowed Congress to borrow $1,717 billion.
The next day, the House passed a bill that raised the debt ceiling again.
But that was not enough.
By Oct. 21, the debt had reached $16.4 trillion.
This was more than the debt that Congress owed to the federal government in the past four years.
The Senate passed a second debt ceiling bill on Oct, 25, raising the debt by $1 in a move that was also not enough to close off the debt gap.
That bill failed in the Senate.
On Nov. 7, the Senate approved a debt ceiling that would increase the debt again, to $19.9 trillion.
But by Dec. 7 the debt remained $16 trillion.
The government was unable to borrow more money to fund its operations and the U and the world economy were in an economic tailspin.
By Dec. 14, the day the United Nations agreed to begin a U.N. bailout, the world was in recession.
The United States lost nearly $1trillion in GDP, as a result of the debt crisis.
On Dec. 16, the Obama administration announced that it would delay the debt-limit hike until after the presidential election in November.
This, however, did not sit well with some Democrats in Congress.
The Republicans in the House of Representatives, however was not going to be deterred.
On Jan. 5, the Republicans passed a “stopgap” debt ceiling and borrowing bill.
It included an extension of the current debt ceiling for three months.
On Feb. 6, the deadline for raising the national debt ceiling passed, but it did not include a stopgap measure to keep the government funded for a year and a half.
So the House and Senate passed another debt ceiling package on Feb. 7.
The measure was designed to keep government operations funded through March 31, 2015, and to extend the current borrowing limit until March 31.
However, on Feb., 7, there was a new deadline: March 31st.
By then, the Trump administration would have taken office.
On Mar. 8, the President signed the Stopgap Debt Cease and Expand, which called for a 2% tax on all debt and $1-trillion to cover the $1 trillion that the U to go.
This measure was met with widespread criticism.
On Twitter, one commentator said, “This is not a stop-gap, it’s a full-on default bill.”
The Senate, however voted to pass the “Stop