Tag Archives: federal tax credit

Home Prices Increased In November

The increase is so small that economists wonder about its significance. With high unemployment, who can afford to buy a new home? Not many people — compared to past years — can handle mortgage payments now. The government, through the … Continue reading

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Mortgage Rates Are At Record Lows

But can you qualify? That’s the question. Do you have sterling credit scores? Do you have verifiable income? Do you have significant equity in your home (if you are looking to refinance)? Despite these record low interest rates, mortgage activity … Continue reading

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Little Hope For Homebuilder Profits

Homebuilder stocks took a tumble after an analyst said there was little reason to believe they would have profits before 2011. Why is the housing market still so depressed with little hope of turnaround? There’s a tax credit for buying … Continue reading

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Refinance Applications Slump

The great refinance boom of 2009 may be over. Apps are down 8%. Rates are edging lower. Reuters says: U.S. mortgage application demand slid to the lowest level since mid-March, driven by a drop in requests to refinance loans even … Continue reading

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