California homebuyer tax credit 2010

California Governor Arnold Schwarzenegger signed legislation to provide a tax credit to Californians who are buying their first home or purchasing a brand new home.

Bank of America to offer mortgage forgiveness

Bank of America announced in March that it will offer some of its mortgage customers a reduction in their principal amount. The bank further announced that loan forgivenessl will be looked at first prior to an interest rate reduction for these borrowers.

U.S. mortgage rates lowest level this year

Concerns about the economic troubles in Europe have impacted the financial markets and there by impacted the U.S. mortgage rates. The mortgage rates here have fallen to its lowest levels this year.

Real Estate News

Home sales up in February
Chinese drywall should be gutted - homes in Florida, Virginia, Mississippi, Alabama, Louisiana affected
Increase and decrease in foreclosure activity among top 10 metro areas for foreclosure
Which states account for most of the foreclosure activity?
Fannie Mae foreclosure starts sees reduction in the third quarter of 2009