renting older people

More Older People Are Renting These Days

There has been an uptick in renters since 2005 according to a recent report by the Harvard Joint Center for Housing Studies. People in their 50s and 60s made the largest chunk of the increase. But the majority of the renters are currently 40 or older. The population of renters includes a growing number of Gen-Xers and Baby Boomers due …

homebuyer tax credit

Do You Need to Pay the Homebuyer Tax Credit?

When the First Time Homebuyer Credit (FTHBC) was first made available, home buyers snapped at the chance to purchase a new home in order to avail of tax credits of between $7,500 and $8,000. While this federal program is no longer available, if you’ve recently sold your first  home, there may be tax implications. Read on! What is the First …

Low Mortgage Rates

Interest Rates Lowest Since November 2013

Mortgage applications rose 3.6% last week, spurned on by the lowest interest rates in the past six months.  According to the Mortgage Bankers’ Association,  these applications reflect both refinance and purchase applications. Purchase applications are considered the leading gauge for home sales.  They were 1% higher than the previous week, but 12% lower than year-over-year applications. Interest rates for 30 …