Fed Rate Cut Fails to Reduce Mortgage Interest Rates - 02/26/08 01:56 PM
Federal Chairman Ben S. Bernanke who has historically been able to reduce interest rates faster than any Federal Rserve Chairman is having issues bringing down the cost of credit for American homeowners.The average 30 Year Fixed Home Loan Rate rose .5+ percentage point during the past four weeks to 6.04%. Mr … (3 comments)
NAR President Reports - Stimulus Package To Give Market a Boost - 02/26/08 12:56 PM
President of The National Association of Realtors, Dick Gaylord, reports on the impact of the recently enacted Economic Stimulus Package. The stimulus package will include increases in both FHA and conforming loan limits and will be published by HUD within 30 days. Ex. GSE Loan Limit Increases:Washington D.C - $562,200Boston - $538,683Sacramento - … (0 comments)
Bush signs Economic Stimulus Package - Housing Reform - 02/13/08 04:46 PM
This afternoon Bush will be signing the economic stimulus package in hopes of bringing our national economy back on track. The stimulus package includes tax refunds to most households and tax incentives for business investment. This package also promotes the GSE and FHA limit increase. The government is expecting an additional … (1 comments)
Collin County Realtor Association 2008 Forecast - 02/06/08 03:49 PM
The Collin County Association of Realtors recently reported good news for the DFW area. Sources indicate real estate market conditions might not be as bad as everyone thinks, especially in North Texas.
2007 A Relatively Stable Real Estate Market for Collin County and Surrounding Areas
2007 proved to be a relatively stable housing … (1 comments)
2008 Tax Rebate - How much do you get? - 02/05/08 11:54 AM
You could receive as much as $2100.00 in tax rebates from the federal government for 2008. This rebate is part of a federal simulus package intended to boost consumer spending. For those looking to maximize the benefit received from the federal tax rebate, check out 6 Smarter Ways to Spend Your Rebate. … (0 comments)
Protecting Homeowners - Sustaining Home Ownership - 02/05/08 10:40 AM
The Most recent data indicates about 20% of subprime adjustable rate mortgages were ninety or more days delinquent as of November 2007, twice that of November 2006. Foreclosure were reported up 36% from 3rd quarter 2007.
Experts attribute foreclosure problems to abusive lending practices. The American Securitization Forum (ASF) and the Hope … (2 comments)
Federal Reserve Board - Discount Rate Cut - 02/05/08 10:24 AM
January 31, 2008 - The Federal Reserve Board approved another .5% discount rate cut for Richmond, Minneapolis, and Dallas. Effective immediately the discount rate will descrease from 4% to 3.5%. Homeowners, including new purchasers and those refinancing, are hoping this will have an indirect effect on mortgage rates bringing the 30 … (1 comments)
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Federal Chairman Ben S. Bernanke who has historically been able to reduce interest rates faster than any Federal Rserve Chairman is having issues bringing down the cost of credit for American homeowners.The average 30 Year Fixed Home Loan Rate rose .5+ percentage point during the past four weeks to 6.04%. Mr … (3 comments)
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