Political Capital

Posts tagged: mortgages

A real estate agent, left, talks to potential homebuyers in Washington, D.C., on June 9, 2013.

Photograph by Andrew Harrer/Bloomberg

A real estate agent, left, talks to potential homebuyers in Washington, D.C., on June 9, 2013.

Bloomberg by the Numbers: 5.39 Million

That’s the number of previously owned homes bought in the U.S. in July, the second-highest level in more than six years as buyers rushed to lock in mortgage rates before they increased any more. Purchases advanced 6.5 percent over the...

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Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Photograph by Jonathan Alcorn/Bloomberg

Gina Labellarti, a realtor with Coldwell Banker Dynasty TC, left, speaks with a potential homebuyer during an open house in Arcadia, California, on July 21, 2013.

Bloomberg by the Numbers: 65%

That’s the home-ownership rate in the second quarter, according to Census Bureau data. The rate was unchanged from the first quarter and is at its lowest level since the third quarter of 1995. The homeownership rate hit a record high...

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A housing  development on May 3, 2013 in Denver, Colorado.

Photograph by John Moore/Getty Images

A housing development on May 3, 2013 in Denver, Colorado.

Americans See Homes as Way to Save Not Spend

Cash-in has replaced cash-out as the strategy of choice for homeowners refinancing their mortgages. Rather than using their properties as ATM machines to boost spending, homeowners increasingly are paying down the principal and shortening the maturities of their mortgages in...

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Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.

Photograph by Ty Wright/Bloomberg

Home sales at the River Valley Highlands neighborhood in Lancaster, Ohio.

Home-buying? Forgo College

If you want to own a house, it may pay to be less educated. Homeownership rates among 30-year-olds with student debt plunged in 2012 more than for those without, according to an analysis published today by researchers at the New...

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Rows of homes at a housing development on March 6, 2013 in Mesa, Arizona.

Photograph by Justin Sullivan/Getty Images

Rows of homes at a housing development on March 6, 2013 in Mesa, Arizona.

Housing Rebound: Not Quite Yet

House prices are rising, and sales are picking up. If you ask Union Bank of Switzerland managing director Thomas Zimmerman, though, it’s too soon to celebrate a “full-fledged” housing rebound. “It’s surprised me how strong this market is. It’s not...

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Fannie Mae's headquarters in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

Fannie Mae's headquarters in Washington, DC.

Bloomberg by the Numbers: $17.2 Billion

That’s the net income in 2012 for Fannie Mae, the government-sponsored enterprise that buys mortgages from lenders and packages them into securities. It had profits of $7.6 billion in the three-month period ended Dec. 31. Bloomberg’s Clea Benson has more...

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A real estate agent who specializes in distressed properties walks outside after checking a house in West Palm Beach, Fla.

Photograph by Wilfredo Lee/AP Photo

A real estate agent who specializes in distressed properties walks outside after checking a house in West Palm Beach, Fla.

Underwater Homeowners Protesting

A new group made up of frustrated homeowners who owe more on their homes than they are currently worth say that they could be a decisive vote in key swing states in November. “Underwater voters are the single most underestimated...

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