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Housing Aid Gaining Stream in Stimulas Bill

WASHINGTON – Feb. 3, 2009 – Home buyers could see lower mortgage rates and get tax credits as part of a sweeping economic stimulus package being considered on Capitol Hill. Lawmakers are heeding the pleas of two powerful and well-heeled interest groups: real estate...

Moderate Taxpayers Should Consider Earned Income Tax Credit

WASHINGTON – Feb. 3, 2009 – Many moderate-income Floridians will qualify for the IRS’ Earned Income Tax Credit (EITC) for the first time in 2008, including some Realtors who worked through a slow year. Florida Chief Financial Officer Alex Sink has actively...

Mac Plans to Allow Foreclosed Homes Be Rented

WASHINGTON – Jan. 30, 2009 – Freddie Mac today plans to announce a first-of-a-kind plan that lets homeowners and tenants temporarily stay in homes in foreclosure by renting them back, an effort to stop many of the sudden evictions that have come along with the housing...

Thirty Year Mortgage Rates Fall This Week

McLEAN, Va. – Jan. 30, 2009 – Rates on 30-year mortgages edged down this week, but remained above 5 percent, Freddie Mac reported Thursday. The average rate on a 30-year fixed mortgage dipped to 5.10 percent this week from 5.12 percent last week. At this time last...

NAR Realtor Bailout Recommendations Make Headway

WASHINGTON – Jan. 30, 2009 – According to the National Association of Realtors® (NAR), the U.S. House of Representatives has taken a significant step toward economic recovery in passing H.R. 1, The American Recovery and Reinvestment Act of 2009. “On behalf of...

Realtors Reiterate Keys to Housing Recovery Jan 2009

WASHINGTON – Jan. 14, 2009 – According to National Association of Realtors® (NAR) President Charles McMillan’s testimony yesterday before the U.S. House Financial Services Committee, Congress and the next administration must place significant emphasis on restoring...