6 real estate headlines: 27-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Rates fall for 6th straight week Washington Business Journal: Signs of a slowing economy continued to bring mortgage rates down, with a 30-year fixed-rate mortgage falling to the lowest level of the year this week.	Who pays the most in property taxes? CNN Money: Two main factors contribute to property taxes: the amount of services local governments provide, and the revenue shared by state governments.
Counseling before borrowing The New York Times: Prepurchase education, although traditionally aimed at low- and moderate-income first-time buyers, is available to anyone.	Foreclosure sales high, but volumes drop Wall Street Journal: The foreclosure sales' data, and a drop in foreclosure activity suggest banks are moving cautiously.
This is what it takes to get approved for a mortgage HSH.com: Mortgage applicants must now meet strict debt-to-income limits, often set to 45 percent. This means that your monthly debts--housing costs, bills, etc.--may not exceed 45 percent of your documented monthly income.	Booming boomer population straining 'burbs Washington Examiner: As baby boomers enter retirement and begin collecting pensions and Social Security, government funding for those programs will be in trouble.

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