Sugar prices surge doubling since spring

Sugar Rush

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Underwater Mortgages

An underwater mortgage situation is when a property owner chooses to refinance an existing mortgage. Lenders may offer the option of borrowing on the existing equity in the property. In some instances, this can be a workable option, assuming there is a large amount of equity built up. However, if the amount of equity is relatively small, this solution can quickly lead to a level of debt on the property that exceeds the current market value. When this takes place, the property owner is essentially in an underwater mortgage situation

British Pound may continue its fall .The Currency Report

Pound Takes a Pounding - Sterling Fell Too Far, Too Fast? Bloomberg

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