In the past, the prospect of higher rates has typically led to a burst of mortgage activity, but in the current environment, particularly after the extenuating circumstances of the past two years, it's hard to say if that dynamic will play out again.

"The market’s incredibly fragile," says economist Mark Zandi. "As long as job losses are rising, the housing market is at risk of continuing along a decline. "

Now that the US economy appears to be on the mend, can higher taxes be far behind? It's only a matter of time, say many experts.

Reverse mortgages are quickly turning into a main source of income for struggling seniors trying to stay financially afloat, industry analysts say.  But the mortgages come with significant drawbacks, such as high fees, complicated paperwork and the possibility of owing more than the value of the home.

The financial crisis may have left investment banking bruised and embarrassed, but analysts say an industry comeback is on the way, even if it means competing in a dramatically different marketplace.

While the focus for the Democrats' bill is on healthcare, some analysts say the real goal could be to raise revenues for an ailing economy and redistribute income.

Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

The recent surge in mortgage rates hasn't put a crimp in the housing recovery so far, but some economists think it could if rates head much higher.

Obama is calling for a sweeping $18 billion proposal covering birth to higher education. It includes reforms for teaching, funds for pre-school programs, college tax credits as well as revamping the college student loan system.

Homeowners are still finding it hard to unload their current residence without suffering a big loss.  So they're holding onto the house but renting it out in hopes of selling later when the market improves.