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Who is EdgyDad?

Husband, father, inline skater, cycling and triathlon athlete and sometimes coach, graduate civil engineer, commercial and residential and commercial Broker Realtor® working in Ellum, Expo Park, Munger, Peak Suburban, PD 98, PD 269, Swiss Avenue, Baylor PD, all of in-town east Dallas, former home building land acquisitions executive, home builder, home designer (chief architect X3 design solutions), LEED Green Associate (GA), NAHB Green Professional (CGP), NAHB Graduate Builder (CGB), Universal Design and Accessability student and Certified Aging in Place Specialist (CAPS), Advanced Historic Home Specialist certified by Preservation Dallas..........EdgyDad is Biff Bailey of Dallas, Texas

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Other Side of the Coin -- Mortgage Interest Rates and the Defecit

If we go along with business as usual, fight 4 status quo in mortgage deductions and all fed subsidies, how will it affect real estate?

Last Update: 2012-07-04 11:26:44

U.S. tax deal squeezes potential home buyers

Reuters
By Al Yoon and Daniel Trotta Al Yoon And Daniel Trotta – Wed Dec 8, 10:01 pm ET

NEW YORK (Reuters) – For Kathryn Confer, refinancing the mortgage on her home in Erie, Pennsylvania, became a race against time -- first because she was drowning under a 10.5 percent interest rate and then because of the U.S. Congress.

Confer wanted to avoid the unintended consequences of the political compromise struck by President Barack Obama and congressional Republicans to extend lower tax rates to all Americans, including high earners.

Yields in the U.S. Treasury bond market spiked on Wednesday as investors worried the deal would inflate further the ballooning U.S. deficit, pushing mortgage rates upward just as the U.S. housing market was showing some signs of recovery.

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