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How Low Can Rates Go?

How Low Can Rates Go?

By VICKIE ELMER – New York Times IF your New Year’s resolutions include buying a house or refinancing, the Federal Reserve has you covered. It has committed to keep long-term interest rates low through next year, so a 30-year mortgage will be pegged about where it is...
How Low Can Rates Go?

How Low Can Rates Go?

By VICKIE ELMER – New York Times IF your New Year’s resolutions include buying a house or refinancing, the Federal Reserve has you covered. It has committed to keep long-term interest rates low through next year, so a 30-year mortgage will be pegged about where it is...

First-time Buyers Lean On The Bank Of Mom And Dad

By Jane Hodges – Reuters About a third of first-time buyers in 2011 got either a gift (26 percent) or a loan (7 percent) from their families to help finance their home purchases, down slightly from 2010, but consistent with assistance levels seen during the last...
FHA Says: Flip That House

FHA Says: Flip That House

By Les Christie @CNNMoney Flippers, the real estate investors who buy homes on the cheap and quickly resell them at a profit, just got a reprieve from the Federal Housing Administration. In an effort to help stabilize housing prices and unload some of the foreclosures...