Mortgage rates steady as tax credit fades

Housing Market Plunged in July, Fueling Anxiety
Housing sales fell a surprising 25.5 percent in July below the level of a year ago, as buyers lost the spur of a government tax credit.

Time to dump the housing tax credit?
Government support that artificially props up home values is forestalling a real recovery for the housing market.

A Rush Into Refinancing as Mortgage Rates Fall
The Treasury’s efforts to jump-start the housing market led to a surge in mortgage refinancing activity, and officials are considering new ways to entice buyers.

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