Tag Archives: interest rates

Bernanke Promises Low Rates

Federal Reserve Chair Ben Bernanke said Monday that he could make no guarantees that the current economic recovery will last, but he promised to keep interest rates at low levels for “an extended period.” Central bank officials will discuss monetary … Continue reading

Posted in commercial real estate, Foreclosures, Home Buyer Tax Credit 2009, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Tagged , , , , , , , | Leave a comment

Option-ARM Borrowers Facing Resets

About 93 percent of option-ARM buyers chose to pay a minimum amount less than the interest due, according to a report released last week by Standard & Poors. That means that nearly all of the 350,000 option-ARM borrowers now owe … Continue reading

Posted in Foreclosures, general, Housing Market News Update, mortgage, New York Real Estate, Short Sales | Tagged , , , , , , , , , , | Leave a comment

Real Estate Live

Post Real Estate columnist Elizabeth Razzi discussed the local housing market — from condos and investment properties to contracts and mortgages on Friday, December 4, at 1 p.m. ET. Razzi is the author of two consumer-advice books, “The Fearless Home … Continue reading

Posted in general, Home Renovations, Housing Market News Update, mortgage, New York Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Existing-Home Sales Record Big Gains

Driven by the home buyer tax credit, existing-home sales showed another big gain in October with a strong uptrend established over the past seven months, according to the NATIONAL ASSOCIATION OF REALTORS®. At the same time, inventories have continued to … Continue reading

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