New York Governor Kathy Hochul is reversing course and throwing support behind a proposed annual tax on high-end second homes in New York City. Hochul, who had previously resisted the measure, now says affluent property owners — particularly those with multimillion-dollar second homes — should help shoulder the burden of growing revenue gaps. The proposed […]
Will new tax on ultra-luxury NYC homes derail red hot demand? Read More »
On Tuesday, the average top-tier 30yr fixed mortgage rate hit the lowest level in exactly 4 weeks. If you’re not interested in splitting hairs, today’s rates are essentially the same. Although our official average is 0.01% higher, that’s such a small change that many of today’s rate quotes will look the same as yesterday’s. In
Mortgage Rates Essentially Sideways at Recent Lows Read More »
Dozens of fired Fannie Mae workers are mulling their next steps after a judge dismissed their defamation complaint against the mortgage giant. Processing Content U.S. District Judge Leonie M. Brinkema last week granted Fannie Mae and the governments’ motions to dismiss the lawsuit, seven months after it was filed. The case was dismissed without prejudice,
Fired Fannie Mae workers’ defamation lawsuit dismissed Read More »