Some news concerning the world of real estate:
• Federal Reserve’s tapering of treasury purchases geared to steer housing recovery
A report from Bloomberg said the Fed may concentrate first on trimming purchases of Treasuries while continuing to buy mortgage bonds to keep a lid on interest rates for home loans.
• 30-year mortgage rates at two-year high
Freddie Mac announced the rate at 4.51 percent on expectations that the Federal Reserve will slow its bond purchases this year.
• Rising rates brings pause to Utah homeowners
Residents facing bigger mortgages or a smaller home.
• Cyclist Lance Armstrong purchases Austin home
Home once owned by former Texas Lt. Governor. Also, Wayne Gretzky sells his Scottsdale property.
• Foreclosure action affects Vegas housing market
With the number of available homes plunging after new foreclosure laws, buyers are struggling to find homes.
• New York boroughs enjoying housing boosts
Buyers acting fast as mortgage rates rise.
