Adele and Josue Montoya missed the housing bubble and bust
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Adele and Josue Montoya missed the housing bubble and bust
Read more: http://tinyurl.com/qjorhw7
The idea that low mortgage rates are gone forever sent Canadian home shoppers into a panic this summer. Thousands rushed to use their rock-bottom pre-approved mortgage rates and buy a home, contributing to a 20 to 50 per cent spike in sales last month in Canada’s biggest housing markets.
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Barry Tatum returned to his home in Chicago in December to find that his front and back doors had been torn from their hinges, leaving his possessions exposed to the frigid winds that whipped through his neighborhood.
Read more: http://www.cnbc.com/id/101021661
On a Monday morning five years ago this week, thousands of employees at mortgage giants Fannie Mae and Freddie Mac went to work to find a new boss: The federal government.
Canadian homeowners do not enjoy the same mortgage interest deduction that their neighbours to the south do. Fortunately, the Smith Manoeuvre is a powerful financial method that gradually restructures the largest non-deductible debt of your lifetime (your mortgage) into a deductible investment loan.
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St. Albert realtors expect the rise in mortgage rates across Canada will increase the number of buyers in the local housing market.
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Rising home values have pulled 3.2 million homeowners above water on their mortgages in the past year, according to new data released Thursday.
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More than three million U.S. borrowers have risen above water on their mortgages so far this year, thanks to swift home price appreciation, according to a new report from online real estate company Zillow.
Read more: http://www.cnbc.com/id/100995592
The discount mortgages that stoked the Canadian housing boom are disappearing, increasing the likelihood of a correction in home values.
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Higher mortgage rates aren’t the only things driving up the cost of buying a home. Mortgage closing costs are up, too.
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