The Markets. Rates fell once again to their lowest levels since Freddie Mac started tracking them in 1971. Freddie Mac announced that for the week ending July 1, 30-year fixed rates averaged 4.58%, down from 4.69% the previous week. The average for 15-year fixed fell to 4.04%. Adjustables were mixed with the average for one-year […]

After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create […]