Local Address Archive: The market
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
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July 1, 2010; 11:34 AM ET |
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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
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July 1, 2010; 9:41 AM ET |
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Buying
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Taxes
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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
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June 29, 2010; 5:49 PM ET |
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Is bulldozer the best option for some boom-time housing?
Some of the misconceived housing developments built during the boom years might have to be torn down because they don't make financial sense, according to Fannie Mae's chief economist.
By
Elizabeth Razzi
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June 4, 2010; 12:15 PM ET |
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Foreclosure
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Neighborhoods
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The economy
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The market
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Pending home sales are up. But will they close in time?
Buyers racing to sign home-purchase contracts in time to qualify for a federal tax credit pushed home sales up for the third month in a row. Pending home sales, based on contracts signed in April, are up 6 percent from March, the National Association of Realtors reports. But the Realtors are warning that some buyers may have trouble closing their deals by the June 30 deadline for qualifying for a tax credit of up to $8,000.
By
Elizabeth Razzi
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June 2, 2010; 10:00 AM ET |
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Statistics
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The Weekend Poll: After the tax credit
The federal government's home buyer tax credit expires at midnight. Will your plans change after it's gone?
By
Elizabeth Razzi
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April 30, 2010; 11:00 AM ET |
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Comments (3)
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Buying
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Poll
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The market
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Weekend Poll
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