US chain stores may suffer as mortgage woes affect spending power, writes Heather Burke.
Al Ynigues bought his first house in 2004.Since October 2006, hi s monthly mortgage payment has climbed 16 per cent to $2,417.It will rise again tomorrow.
Ynigues, who is 65, makes $2,800 a month as a self-employed music teacher. He says he eats once a day, has stopped paying his utility bills, and is late on payments for his home in Apple Valley,...
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