Just one week after 30-year mortgage rates fell to a record low of 4.85 percent, the average dropped even further to 4.78 percent this week, Freddie Mac reported. Refinancing activity has picked up because of the low rates, and the Mortgage Bankers Association says approximately 80 percent of mortgage applications came from borrowers seeking to refinance.Source: Boston Globe (04/03/09)
Employers should be ready for the Making Work Pay credit by Wednesday. That means some extra take-home pay. Here's what you need to know.
You're likely to see some more green in the next couple of weeks. Not only on the trees. Very possibly in your wallet, too.
President Obama has asked that all employers adjust their payroll systems by Wednesday so eligible workers can start receiving the new ...
Posted by
Barbara Kirk
@ 11:37 AM
on 04/06/2009
American Recovery and Reinvestment Act funding creates opportunitiesSANTA FE- Governor Bill Richardson today joined with the New Mexico Mortgage Finance Authority to urge New Mexicans to take advantage of programs that offer historic levels of assistance to first-time homebuyers."During this time of unprecedented economic and social challenges we are seeing that there are indeed opportunities for working ...
The Treasury Department launched an interactive new Web site Tuesday in an effort to bring about accountability and transparency to the Obama administration's Financial Stability Plan.
(CNN) - The Treasury Department launched an interactive new Web site Tuesday in an effort to bring about accountability and transparency to the Obama administration's Financial Stability Plan.
FinancialStability.gov, ...
The IRS has released additional information to help homebuyers understand the ways they can file to receive the homebuyer credit. It is important for taxpayers to know that they must complete the purchase and close or take up residence in the case of new construction in order to be eligible to file for the credit. Here are the four main options listed by the IRS: 1) File an extension; 2) ...
The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn't owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available. 2. People have to live ...
Existing-home sales increased in February, reversing losses in January, according to the latest report by the NATIONAL ASSOCIATION OF REALTORS®. However, sales activity remains relatively soft, reflecting additional layoffs and buyers waiting for housing provisions in the economic stimulus package to take effect, according to NAR.Existing-home sales- including single-family, townhomes, condominiums ...
By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer 3/23/09
NEW YORK - Wall Street is getting the good news it wants on the economy's biggest problems: banks and housing.
Investors have reignited a two-week rally Monday after hearing the government's plan to help banks remove as much as $1 trillion in bad assets from their books. Home sales also showed a surprise increase.
The Treasury ...
RISMEDIA,-Tax season is upon us, and homeowners everywhere will reap the benefits of tax breaks and incentives. Homeowners and potential home buyers should know what expenses are deductible and the ins-and-outs of new tax laws, says FrontDoor.com.
1. Deduct the interest you pay on your home loan on your tax return. A mortgage interest deduction reduces your taxable income. And because your mortgage ...
Fed Plans to Buy $750 Billion of Mortgage-Backed Securities - 3/18/2009
Fed Chairman Ben Bernanke and the other members of the Federal Open Market Committee stunned the credit markets with their announced plans to buy up to an additional $750 billion of mortgage-backed securities. Market participants were further shocked by the Fed's plan to buy up to $300 ...
