Category Archives: Mortgages

New Home Sales Surge, with Boost from Tax Credit

A newsletter arrived in my in-box, today, with these manic pronouncements: The week ended on the most dramatically impressive new home sales numbers in 47 years. March’s 26.9% increase was the biggest monthly sales gain since 1963, taking us to … Continue reading

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Will Rising Mortgage Rates Further Dampen Home Prices?

The question has been raised by some bloggers as to whether rising mortgage rates, widely predicted, could further dampen home prices. The argument is that rising rates would shrink the pool of eligible buyers, thus weakening demand for homes. Continue reading

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Is This A Good Time to Buy a House?   Part 2:  Mortgage Rates

Interest rates are sure to go up this year, suggesting that now may be a good time to buy — if your personal circumstances favor it. Continue reading

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FHA Toughens Down Payment Rules

The Federal Housing Administration will raise the minimum down payment for its least credit-worthy borrowers, the agency announced on January 19. Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a … Continue reading

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Congress Votes to Extend FHA , Fannie Mae and Freddie Mac Loan Limits

Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading

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Fed Eases a Key Support for Mortgage Rates

Against a background of cautious optimism about the economy, the Fed this week announced it would begin to phase out its purchases of mortgage-related securities issued by Fannie Mae and Freddie Mac, with a goal of ending the program by March. Continue reading

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