Home > Uncategorized > 6 real estate headlines: 27-May

6 real estate headlines: 27-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Rates fall for 6th straight week
Washington Business Journal
: Signs of a slowing economy continued to bring mortgage rates down, with a 30-year fixed-rate mortgage falling to the lowest level of the year this week.
Who pays the most in property taxes?
CNN Money
: Two main factors contribute to property taxes: the amount of services local governments provide, and the revenue shared by state governments.
Counseling before borrowing
The New York Times
: Prepurchase education, although traditionally aimed at low- and moderate-income first-time buyers, is available to anyone.

Foreclosure sales high, but volumes drop
Wall Street Journal
: The foreclosure sales' data, and a drop in foreclosure activity suggest banks are moving cautiously.

This is what it takes to get approved for a mortgage
: Mortgage applicants must now meet strict debt-to-income limits, often set to 45 percent. This means that your monthly debts–housing costs, bills, etc.–may not exceed 45 percent of your documented monthly income.
Booming boomer population straining 'burbs
Washington Examiner
: As baby boomers enter retirement and begin collecting pensions and Social Security, government funding for those programs will be in trouble.


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