WASHINGTON (AP) - The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery.
WASHINGTON (AP) - The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back.
DEAR BENNY: My husband and I each have a trust, and our house is in my trust. We have lived in this house for 14 years. If we were to sell it, would we qualify for the $500,000 tax exemption? I understand each person is permitted $250,000, and a couple twice that amount. Does my trust make a difference, and if so, what should we do? --Arlene
March 01, 2012|
by BENNY L. KASS
If your home will be on the market this spring, you're probably looking for every possible edge that will make it stand out to potential buyers. But even if you're staying put, you still want to make your home as attractive and valuable as your budget will allow.
WASHINGTON (AP) - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
JEFFERSON CITY, Mo. (AP) - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
The economic recovery was once again reinforced last week with the majority of data continuing to point towards growth. Retail Sales rose a solid .7% showing that consumers are continuing to increase spending long after the holiday season has ended.
February 23, 2012|
By DEBORAH ROMERO
Special to the Bulletin
WASHINGTON (AP) - The average rate on the 30-year fixed mortgage jumped after standing pat for three straight weeks at record lows. But the rate stayed below 4 percent for the 12th straight week, keeping home-buying and refinancing attractive for those who can qualify.
DEAR BENNY: I am 74 and recently have been contemplating paying off my condo mortgage. The remainder of the mortgage is $98,000 at 6 percent. Can you help me through this? On the surface it seems like a good idea, but I'm not aware of all the particulars. I am in good health and will not need the $98,000 in the near future. --Dee Dee
WASHINGTON (AP) - The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent Monday to Congress.
Just as tasteful, well-chosen jewelry can turn an unexciting outfit into a stylish, eye-catching ensemble, carefully applied hardwood mouldings and trimwork can transform a plain-Jane interior into an interesting - even beautiful - space.
In the midst of the winter we love to think of the summer as this idyllic time when we live barefoot under the sky and everything is perfect and beautiful. Then when the summertime comes, we find ourselves complaining about too much sun, being too hot or bugs - and stay inside in the cool AC to avoid them. The good news is you can create a cool, shady and even bug-free spot for yourself, no matter the size of your outdoor space or your wallet.