NEW YORK – Mortgage rates fell for the second straight week to the lowest point in five decades. But many people either dont qualify for new mortgages or have already taken advantage of the low rates this year.As a result, the housing market and the broader economy may not benefit much from the lower rates.The [...]

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It’s official — on July 2, a law was passed extending the closing date deadline for the Homebuyer Tax Credit Program. As a result, any buyer that signed a Purchase & Sale Agreement by April 30 has until September 30 to close. The real estate market continues to rally — and interest rates on mortgages [...]

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13. Houses: You’re typically able to get better and more features for your dollar when you purchase an older home rather than building new. Older houses were often constructed on bigger corner lots, and you also get architectural variety in your neighborhood if the houses were built or remodeled in different eras. via 21 Things [...]

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UPDATE 1-Senate votes to extend US home tax credit deadline | Reuters. Well, lucky for all those that waited. Check out this interesting article about extending the Housing Tax Credit.. BONDS |  GLOBAL MARKETS June 16 (Reuters) – The U.S. Senate voted on Wednesday to give homebuyers another three months to settle on their contracts and [...]

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ksl.com – Stocks rise after pending home sales top forecasts. So some good news, the stock market is reacting to the good news in the Real Estate market. I hve a hard time keeping the good/bad real estate news straight. It really doesn’t make sense to me sometimes.. And I am a local Real Estate [...]

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The big news today across the financial world is that the yield on 10 year Treasury bonds (also known as government debt) has risen to 4%. One of the reasons the yield rose is because there isn’t as much demand for goverment bonds right now. The lessened demand for this goverment debt was spurred on [...]

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Fed weighs how and when to signal higher rates – Yahoo! News. So maybe just the title of this article should scare the willies out of consumers? I really am so confused. I have received several emails over the last couple of days from potential buyers telling me they are going to wait unti the [...]

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So the ultimate question in the conomy right now is. Will they extend the tax credit? It is that time of year where law makers are making the round to determine if they will extend the tax credit? Now why would it be wise to do so? Well, first example would be what will happen [...]

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