Tag Archives: Stimulus

Housing recovery rides rate roller coaster

“Last week mortgage rates retreated from a 23-month high as the Fed sought to reassure markets that the wind-down of the stimulus program would be gradual, and contingent upon strong improvement in economic fundamentals,” said Erin Lantz, director of Zillow … Continue reading

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Apartments reap rewards of rising rates

“I am scared, in part due to the fact that my father and mother had a lot of problems with their mortgage and due to the job market,” said Charles Desanpedro Jr., a renter in Northern New Jersey. (Read More: … Continue reading

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Housing Recovery Rides Rate Roller Coaster

“Last week mortgage rates retreated from a 23-month high as the Fed sought to reassure markets that the wind-down of the stimulus program would be gradual, and contingent upon strong improvement in economic fundamentals,” said Erin Lantz, director of Zillow … Continue reading

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How ‘Fiscal Cliff’ Could Affect Mortgage Interest Deduction

It is arguably one of the most popular U.S. tax deductions, and for some it is the necessary stimulus to buy a home. The mortgage interest deduction, however, is now at risk, due to negotiations over the so-called “fiscal cliff”—the … Continue reading

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Will Fed’s Mortgage Buying Juice the Housing Recovery?

Home prices are stabilizing, and new construction is bouncing back, but apparently the U.S. Federal Reserve isn’t buying a bullish housing recovery.  Its announcement Thursday that it would buy up to $40 billion in agency mortgage-backed securities every month, with … Continue reading

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