The Markets. Rates fell once again to their lowest levels since Freddie Mac started tracking them in 1971. Freddie Mac announced that for the week ending July 1, 30-year fixed rates averaged 4.58%, down from 4.69% the previous week. The average for 15-year fixed fell to 4.04%. Adjustables were mixed with the average for one-year […]
After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create […]
At this hour, the Senate is still debating the unemployment bill which includes the extension of the tax credit that will permit the credit to be taken on loans closed through October. Senate leadership is aware of the fact that there are many loans “in the pipeline” that could be lost if the window closes […]
June 18, 2010–(MCT)–Allison Rinehart’s best hope for saving her home isn’t the massive federal effort to stem foreclosures.
She’s been denied, possibly in error, for that plan so she’s banking on an alternative mortgage modification to keep her Charlotte townhouse.
“This is the only thing my daughter and I have,” said Rinehart, who is 45. “I am […]
From Kiplinger’s Personal Finance magazine, July 2010
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We live in challenging times. Unemployment remains high, and the U.S. lead in technology and science is slipping as many foreign countries gain ground. But […]
May 27, 2010–Social media is here to stay and everyone is using social networking sites such a Facebook, LinkedIn and Twitter. If you’re worried about how to best use Twitter, propertyadguru.com’s offers the following tips for real estate agents who are looking to get the most out of Twitter.
1. Understand what Twitter is and plan […]
Here’s some good news for the struggling US housing market: Thanks to the European debt crisis, mortgage rates are at historic lows.
The current average rate for a 30 year fixed loan is 4.87 percent, according to Bankrate.com. That’s the lowest rate for the 30 years since Bankrate started keeping track 25 years ago.
Even jumbo loan […]
Holding an Open House? Offer Your Sellers These Tips
May 20, 2010—Have you prepared your clients for an open house? Do they know how to get their home ready? Here, we take a look at some essential open house tips—whether it’s winter or summer—that are sure to help your sellers make their home look the best […]
March Pending Home Sales increased 5.3% from February, and were 21% higher than one year ago at this time. The Pending Home Sales index, which measure sales of existing homes based on contracts which have been signed but not yet closed, is a leading indicator for the housing sector. The index provides guidance for future […]
April 19, 2010—(MCT)—Latasha Hall never envisioned herself a homeowner. But by the end of the month, she will be. Just in time.With the soon-to-expire tax credit for first-time buyers as an assist, the single mother plans to close on a $166,650 three-bedroom house in Clifton Heights, Pa. “If it hadn’t been for the credit, I […]
