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Developers weigh impact of tax change on property sales
The real estate industry across Maryland is bracing for a change in the state's tax structure expected by many to have a drastic impact on how real estate is bought and sold in the state. feeds.bizjournals.com
Jumbo mortgages: The best deals
For many house hunters, these are good times. Home prices have fallen 10% or more in once-hot markets, and interest rates on mortgages of $417,000 or less have sunk to their lowest levels in four years. Today a family with solid credit and enough cash for a 20% down payment can lock in a rate of only 5.9% on a 30-year mortgage, according to Bankrate. Thank you, Ben Bernanke! money.cnn.com
30-Year Rates Up After Month of Drops
Rates on 30-year mortgages rose for the first time this year after four straight weekly declines. feeds.washingtonpost.com
Somera Capital Management buying Aurora Park Shopping Center
Somera Capital Management LLC said it's acquiring the 36,071-square-foot Aurora Park Shopping Center in a joint venture with an affiliate of Southwestern Investment Group Inc. feeds.bizjournals.com
Borrowers forced into long-term offers
Borrowers are being priced out of two-year mortgages and are having to lock into longer deals, following sharp increases to short-term interest rates. ft.com