Bloomberg News – August 13, 2015 “Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history. Rental affordability has steadily worsened, according to a new report from Zillow Group Inc., which tracked data going back to 1979. A renter making the median income
Federal Reserve policymakers said they could begin raising interest rates before inflation starts to pick up, according to minutes of their Dec. 17-18 meeting. However, the Fed officials added that “they would want to be reasonably confident that inflation will move back” toward the Fed’s annual 2% target “over time.”
Bloomberg: U.S. Mortgage Rates Fall With 30-Year at an 18-Month Low: Mortgage rates in the U.S. declined, keeping borrowing costs at the lowest levels since May 2013.
The Senate recently approved a bill that would retroactively extend over 50 expiring tax provisions for one year, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.