Some news concerning the world of real estate:
• Mortgage applications rise as rate drop
A dip in mortgage rates gave Americans a good reason to take out home-related loans last week, as applications for mortgages jumped 1.3%, according to the Mortgage Bankers Association.
• A lesson in loving the home mortgage deduction
If the vast majority of the people feel that owning a home is part of the good life, what’s wrong with deciding that we’re going to subsidize that part of the American Dream to make it somewhat easier for people to reach?
• HUD tightens reverse mortgage rules to help seniors
Major changes are coming to the Department of Housing and Urban Development’s reverse mortgage loan program as the agency seeks to shore up its finances and better protect seniors.
• Sumer rentals lure in vacationers
As summer ends, the owners of summer rentals are cashing in on what has been one of the strongest reasons for vacation rental properties, according to online vacation marketplace HomeAway.
