Rates are Low Right Now
Updated Oct. 9, 2013
Interest rates are really low right now, have been for the past week..

Mortgage rates continue slide to near record lows
Updated Oct. 9, 2013
Mortgage rates continue slide to near record lows. News Wire Services. Friday, September 18th 2009, 4:00 AM. Related NewsStudy shows fewer foreclosures in city for the condo over the co-op Rates for 30-year home loans edged down for the third straight week and are close to record lows reached in the spring. The...

Gov't home loan agency faces cash squeeze
Updated Oct. 9, 2013
By ALAN ZIBEL (AP)  — The Federal Housing Administration says its cash cushion will dip below mandated levels for the first time, but insists it won't need an immediate taxpayer rescue. The agency, a growing source of funds for first-time homebuyers, faces mounting concerns that it will soon...

Tax credit spurs home buyers
Updated Oct. 9, 2013
Home buyers who act quickly can get $8,000 tax credit.. If you've been thinking about buying a home this year, you may want to act soon since the federal First-Time Home Buyer Tax Credit program is set to end Nov. 30. The tax credit is worth 10 percent of the purchase price of the home up to a maximum of $8,000, and...

U.S. Mortgage delinquencies set Record
Updated Oct. 9, 2013
High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc (EFX.N) credit bureau showed on Monday. Among U.S. homeowners with mortgages, a record 7.58 percent were at least 30 days late on...

Analysts say 7 million soon-to-be foreclosed properties have yet to hit the market.
Updated Oct. 9, 2013
Another housing slump coming? . Analysts say 7 million soon-to-be foreclosed properties have yet to hit the market.. Any optimists touting a housing recovery might want to pause and think about this: Amherst Securities Group analysts believe the market faces another major hurdle because about 7 million...

Senate Nears Deal on Keeping Tax Credit for Home Buyers
Updated Oct. 9, 2013
Senate Nears Deal on Keeping Tax Credit for Home Buyers .  . The Senate's top Democrat and top Republican each voiced support on Wednesday for extension of a soon-to-expire $8,000 tax credit for home buyers, but left unclear when the chamber would act. .  . "There has been general agreement by a...

HOME BUYER TAX CREDIT OVERVIEW
Updated Oct. 9, 2013
TAX CREDIT OVERVIEW. Tax Credit for Homebuyers First-Time Homebuyers (FTHBs): First-time homebuyers (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 the purchase price of the home, with a maximum available credit of $8,000.....