Mortgage rates again edged lower the past week, with the average rate on fixed-rate mortgages extending their record lows, according to Freddie Mac's (FMCC) weekly survey of mortgage rates. Rates have fallen in recent months with the prolonged rally in the Treasury market that's been prompted by volatility in stocks. Higher Treasury prices mean lower yields on the debt, and mortgage rates tend to track ...
[1]RISMEDIA, August 26, 2010—(MCT)—Kitchens have long been among the most popular remodeling projects. But with fewer clients requesting kitchen upgrades during this recession, one kitchen designer has turned the economic slowdown to her advantage.
“If I couldn’t remodel as many client kitchens as usual, I decided to remodel my own showroom. That way, I’d be ready to ...
Thousands of Sellers to Offer Credit Up to $8,000 from May 1 Until July 31, 2010
PARSIPPANY, N.J. — Coldwell Banker Real Estate LLC announced the launch of its Buyer Bonus Sales Event, a national promotion intended to build on the momentum of the soon-to-expire federal homebuyer tax credit. In a recent survey of Coldwell Banker Real Estate professionals, nearly half indicated that ...
Last November, the government expanded and extended the new Homebuyers Tax Credit. According to the program, first-time homebuyers are eligible for a tax credit of 10% of the purchase price of the home, with a maximum credit of $8,000. And some current homeowners looking to purchase a home can receive a credit up to $6,500.
Although military personnel may qualify for a special extension, the vast ...
THEY SAY THAT MARCH COMES IN LIKE A LION AND GOES OUT LIKE A LAMB... But this year, the exact reverse is true when it comes to home loan rates - for quite a few reasons, including the end of the Federal Reserve acting as a large buyer of Mortgage Backed Securities (MBS). The "demand" created by their fifteen-month program has helped Bond prices stay high and home loan rates stay low.
But the Fed's ...
New Mexico Business Weekly
Albuquerque has made a climb since 2000 in the population rankings of metropolitan areas, according to estimates released Tuesday by the U.S. Census Bureau.
Buffalo, N.Y. and New Orleans, on the other hand, have suffered the sharpest declines.
The Census Bureau released population estimates for all 940 metropolitan and micropolitan areas across the country on ...
New Mexico Business Weekly
The city of Albuquerque is looking to be one of Google’s markets for its new ultra fast broadband network.
The company issued a request for information to find communities interested in being sites for Google to build and test its ultra-high-speed broadband networks. Google promises the networks will offer speeds of one gigabit per second, which is 100 times faster ...
For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts as huge tax credits are about to expire. Here are important details for you to know: Tax Credit for First-Time Homebuyers (FTHBs)FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of ...
Well, 2009 is over.
What does that mean? For the Albuquerque residential real estate market, there are some very positive signs that we have hit bottom. There are some who are suggesting that there may be a “double bottom” but that remains to be seen.
The last five years.
Here are some numbers that might be encouraging. Let’s go back to ...
By Stephanie Armour, USA TODAY
The springtime spurt in home buying may hit before the snow melts this year as buyers scramble to meet an April 30 tax credit deadline.The spring buying season typically takes off in March and runs through May. But buyers who want to claim this year's tax credit — up to $8,000 for first-time buyers and up to $6,500 for repeat buyers — ...
