ARM's Rates Spike While Longer Term Rates Decline - 08/30/07 09:44 PM
Short Term Rates Increase StronglyThe Freddie Mac Weekly Survey shows a decline in all mortgage rates except the short term rate.The 15-year FRM this week averaged 6.12 percent with an average 0.5 point, down from last week when it averaged 6.18 percent. A year ago, the 15-year FRM averaged 6.14 percent.Five-year … (0 comments)
Two Strategies for Getting Buyers into Homes - 08/29/07 01:12 PM
The Washington Post had a very good article about how buyers must work around the credit crunch. Basically the lack of trust in the mortgage markets is forcing investors to shun all loans that are no "conforming" loans. Freddie Mac Govt limitations will not allow them to purchase or guarantee … (0 comments)
What will it take to get buyers back - 08/28/07 12:08 PM
Of course no one has the answer, but generally when assets bust after an extended boom, certain things must take place for the perception to shift. In real estate, the first caveat is that everything is local. Even Greenspan said that since there is no national real estate market, real estate … (2 comments)
A Successful Low Bid: How its Done - 08/21/07 01:25 PM
I imagine real estate agents will be handeling many more bids below the listing price. I found a very good article that can help forge a successful under list price bid. How to Bid Low on a Home Without Offending the SellerBy Amy Hoak via MarketWatch Here are three guidelines on … (3 comments)
News You Can Use August 15 2007 - 08/15/07 02:32 PM
Many Buyers Must Try, Try Again As Condominium Market ShrinksA growing number of condominium developers are backing out of projects as the worsening real estate market causes lenders to tighten their standards.For buyers, a project's cancellation can be an unexpected jolt. They get their deposits back but nothing for their time … (2 comments)
Buying and Managing Your Vacation Home - 08/14/07 06:03 PM
By Jennifer Openshaw Wall Street Journal via From MarketWatch Advantages of shared ownership. It isn't hard to see the advantages. * Affordability. As an example, a one-fourth share in a four-bedroom Tahoe view home goes for $299,000, obviously far less than you'd pay outright. See sample listing on Dreamslice.com. * … (0 comments)
News You Can use August 11 2007 - 08/11/07 02:13 PM
The Mortgage Crunch is on: Following the stock markets is a good way to understand whats next. We have a full on panic right now and the mortgage originator and mortgage hedge fund owners will continue to show us weakness. Although the Fed and other world banks have injected a lot … (0 comments)
News You Can Use August 09 2007 - 08/09/07 08:02 PM
Well....its been quite a week. I dont know how many of you follow the stock market, but its looking a little panicky. American Home Mortgage collapsed - this was not a subprime originator. They focused on the alt - A market. French bank BNP Paribas said Thursday that it will temporarily stop valuing … (0 comments)
News You Can Use August 04 2007 - 08/04/07 10:54 PM
I found two useful tools that I wanted to share. Clearly the internet is the new marketing tool. Here are two articles that give you some of the technical ability to work the web. Taking Home Photos That Will Draw BuyersBy Dana Mattioli Selling a home used to be all about "curb … (4 comments)
Blogging for Leads - 08/02/07 01:01 PM
Blogging for Attention and LeadsThe Real Estate Tomato is a successful blog for real estate agents and how they market and interact on the net. By being on active rain, I think we all recognize the internet has changed traditional real estate search and find. How to use this new real … (0 comments)
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Short Term Rates Increase StronglyThe Freddie Mac Weekly Survey shows a decline in all mortgage rates except the short term rate.The 15-year FRM this week averaged 6.12 percent with an average 0.5 point, down from last week when it averaged 6.18 percent. A year ago, the 15-year FRM averaged 6.14 percent.Five-year … (0 comments)
