IntroHello. I'm Bernard Hickey with the daily briefing from interest.co.nz...Today, we'll look at the latest signs of stress in a housing market where the bubble is bursting,We'll look at the latest news from the global credit crunch and what it might mean here for interest rates and our exchange rates,And finally we'll preview the next big batch of mortgage rate resets and how it will coincide quite nicely with the election.Story 1, Firstly we look at some signs emerging of real stress in the housing market.Essentially the bubble is bursting and we're at that exact stage where the bubble pops, covering everyone in soap.The Sunday Star Times has reported that all 21 house auctions it watched in the last week failed to sell the house, either at auction or after auction. It seems some of the auctions even failed to raise a bid.Real estate agents report that auction failure rates have more than doubled to 70% in the last year. It's clear the market is in deep trouble when you look at...