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Local Address Archive: The economy

The Weekend Poll: Yea or nay on housing tax breaks?

Owner-occupied housing carries significant tax breaks. There's the mortgage interest deduction plus the ability to shelter up to half a million dollars in home-sale profit from capital gains tax. Is it too much? Just right? Not enough?

By Elizabeth Razzi  |  July 16, 2010; 10:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Poll , Taxes , The economy , Weekend Poll  | Tags: capital gains tax, housing tax breaks, mortgage interest deduction  
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Third week of record lows for mortgage rates

Interest rates on 30-year fixed-rate mortgages averaged 4.57 percent this week, Freddie Mac reported this morning. That's down just a hundredth of a percentage point from last week's rate, but it marks the third consecutive week of record-setting lows for the most popular type of home loan. Freddie Mac has been tracking this rate for 39 years.

By Elizabeth Razzi  |  July 8, 2010; 11:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Mortgages , Statistics , The economy  
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30-year mortgage rates hit another low

How low can they go? Freddie Mac reported this morning that average rates on a 30-year fixed mortgage sank to 4.58 percent, blowing past last week's record low of 4.69 percent by 11 basis points. Meanwhile, news just out from the National Association of Realtors is hardly encouraging. Pending home sales, based on homes going under contract in May, fell 30 percent from April and were 15.9 percent below a year ago.

By Elizabeth Razzi  |  July 1, 2010; 11:34 AM ET  |  Permalink  |  Comments (5)
Categories:  Buying , Statistics , The economy , The market , Weekend Poll  
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Closing deadline will be extended to Sept. 30

Both houses of Congress have now passed an extension to Sept. 30 of the closing deadline to qualify for the homebuyer tax credit.

By Elizabeth Razzi  |  July 1, 2010; 9:41 AM ET  |  Permalink  |  Comments (0)
Categories:  Buying , Taxes , The economy , The market  
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House acts on tax credit deadline but June 30 still stands

The House voted Tuesday to give home buyers who want to take advantage of a lucrative federal tax credit three extra months to complete their home purchase. The measure, which passed 409 to 5, is now headed to the Senate.

By Elizabeth Razzi  |  June 29, 2010; 5:49 PM ET  |  Permalink  |  Comments (1)
Categories:  Buying , The economy , The market  
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The Weekend Poll: Which way for mortgage rates?

Interest rates for 30-year fixed-rate mortgages hit a new low, down to 4.69 percent, Freddie Mac announced Thursday. What's next?

By Elizabeth Razzi  |  June 25, 2010; 4:30 PM ET  |  Permalink  |  Comments (1)
Categories:  Mortgages , Poll , Statistics , The economy , Weekend Poll  
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Older Entries in This Category »

Washington home market: Buyers are back, Elizabeth Razzi , April 27, 2010
The Weekend Poll: About that recession?, Elizabeth Razzi , April 16, 2010
GMU's John McClain to join chat Friday, Elizabeth Razzi , March 17, 2010
The Weekend Poll: After the tax credits?, Elizabeth Razzi , February 19, 2010
Refinancers cut interest rates and shrink their debt, Elizabeth Razzi , January 28, 2010
Is this the worst of it for remodelers?, Elizabeth Razzi , January 21, 2010
GAO releases new map of troubled mortgages, Sarah Halzack , January 13, 2010
30-year mortgage rates rise to 5.14%, Elizabeth Razzi , December 31, 2009
Markers of a turn, and The Weekend Poll, Elizabeth Razzi , December 11, 2009
Is Washington turning into a seller's market?, Elizabeth Razzi , November 13, 2009
Have you refinanced yet?, Elizabeth Razzi , November 12, 2009
Washington-area home prices down 2.5% from last year, Elizabeth Razzi , November 10, 2009
Remodelers: "It will die if you don't take care of it.", Elizabeth Razzi , November 10, 2009
Washington home sales and The Weekend Poll, Elizabeth Razzi , November 6, 2009
Fannie Mae to allow some troubled owners to rent back, Elizabeth Razzi , November 5, 2009
Refinancers save $3 billion in a year, Elizabeth Razzi , November 3, 2009
First-time buyer credit and The Weekend Poll, Elizabeth Razzi , October 30, 2009
Act fast to cash in credit card rewards, Elizabeth Razzi , October 27, 2009
Solar Winners, Chat Day and The Weekend Poll, Elizabeth Razzi , October 16, 2009
Get Free Alerts if Someone Messes With Your Deed, Elizabeth Razzi , October 15, 2009
AIG Headquarters Going Condo?, Elizabeth Razzi , October 13, 2009
A Flood of Solar Events and The Weekend Poll, Elizabeth Razzi , October 2, 2009
It's Official: We're Hot and Hip, Elizabeth Razzi , September 30, 2009
Builder KB Home Starting Up Again in Washington Area, Elizabeth Razzi , September 16, 2009
What's the Line on Extending the $8,000 Tax Credit?, Elizabeth Razzi , September 15, 2009
Fuel Bills May Shrink This Winter, Elizabeth Razzi , September 10, 2009
Labor Day, Jobs and the Weekend Poll, Elizabeth Razzi , September 4, 2009
Jobs, Foreclosures and The Weekend Poll, Elizabeth Razzi , August 21, 2009
Foreclosure Info via iPhone and The Weekend Poll, Elizabeth Razzi , August 14, 2009
Price Increases Coming in Foreclosure Hot Spots?, Elizabeth Razzi , August 12, 2009
Choosing Bankruptcy to Avoid Foreclosure, Elizabeth Razzi , August 6, 2009
Housing Demand in Area Outpacing Supply , Elizabeth Razzi , August 5, 2009
Geography of Distress, Elizabeth Razzi , July 30, 2009
More Signs That Home Prices are Steadying, Elizabeth Razzi , July 28, 2009
Home Sales Increase and The Weekend Poll, Elizabeth Razzi , July 24, 2009
Signs of Stabilizing Prices, and the Weekend Poll, Elizabeth Razzi , July 10, 2009
Mortgage Fraud Rising in the Washington Area, Elizabeth Razzi , July 9, 2009
Electricity Price Update, Elizabeth Razzi , July 7, 2009
Appraisers Blamed for Killing a Market Recovery , Elizabeth Razzi , June 25, 2009
D.C. Area Makes All the Best Lists, Elizabeth Razzi , June 23, 2009
Younger Home Buyers Will Be Less Wealthy , Elizabeth Razzi , June 22, 2009
What Northern Virginia Needs Now is New Homes?, Elizabeth Razzi , June 16, 2009
Pessimists vs. Optimists and The Weekend Poll, Elizabeth Razzi , June 12, 2009
Will the Busy Real Estate Market Last?, Elizabeth Razzi , June 3, 2009
What If There Weren't All Those Foreclosures?, Elizabeth Razzi , May 28, 2009
Inching Toward a Remodeling Comeback, Elizabeth Razzi , May 19, 2009
Recovery Could Bring a Flood of Listings, Elizabeth Razzi , May 14, 2009
Beware Dated Housing Stats, Elizabeth Razzi , May 13, 2009
Market Up, or Down, Or?, Elizabeth Razzi , May 12, 2009
Hope on Two Axles, Elizabeth Razzi , May 11, 2009
Mortgage Crisis Show, Tonight on WAMU and WHUT, Elizabeth Razzi , April 30, 2009
Nudge Turns to Shove, Elizabeth Razzi , March 20, 2009
How Many Foreclosed or Homeless?, Elizabeth Razzi , March 16, 2009
Recession Victory Garden, Elizabeth Razzi , March 12, 2009
Prices Down All Around, Elizabeth Razzi , March 11, 2009
Dealing With Signs of Fraud in FHA Loans, Elizabeth Razzi , March 10, 2009
Surprise! It's a Bailout for Vacation Homes, Too, Elizabeth Razzi , March 6, 2009
Sharpen Your Elbows to Get In on Borrower Bailout, Elizabeth Razzi , March 5, 2009
An After-the-Recession Spending List, Elizabeth Razzi , March 2, 2009
 
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