interest rates: The End of Seller Assisted Down Payments? - 09/09/08 11:45 PM
Now is the time to buy a home if you cannot afford a down payment. The days of sellers contributing money to a buyer's down payment are nearing an end. Because of this many would be home owners will miss out on the opportunity of home ownership. This will be another … (1 comments)
interest rates: Minorities and Low Income Families Affected by Strict Lending Rules - 04/01/08 04:16 PM
Today in an article from Realtor Magazine I read that the National Association of Hispanic Real Estate Professionals (NAHREP), the Asian Real Estate Association of America (AREAA), and the National Association of Real Estate Brokers (NAREB) believe that tougher/stricter lending standards are having an effect on Minorities and low income families. The new rules … (3 comments)
interest rates: Improving Your Credit, and Credit Score - 01/23/08 01:11 PM
No the two are not the same thing. Although they may have a symbiotic relationship they are very different. Now I will not go into detail, but I will give you my take on the differences. Debts you have and owe are basically credit that is extended to you. Having credit is usually a good … (2 comments)
interest rates: Rate Cuts, Rate Cuts, Rate Cuts!!!! - 01/22/08 07:46 PM
Today the Federal Reserve cut the Interest rates again lowering the rates another 75 basis points to 3.5 percent. The idea is that they want to keep us from going into a recession. Do any of you think that it well help? If so how? And what good do you think it will accomplish? If you don't think … (0 comments)
interest rates: Interest Rates - 11/30/07 09:15 PM
I read an article from REALTOR® Magazine online that points out that interest rates are at 2 year lows. The 30 year fixed dropped to 6.1 percent this week. And with the industry and the economy being the way it is now, another rate cut could be in the future. Lenders … (2 comments)
interest rates: A New Anti-Predatory Loan Bill - 10/22/07 07:21 PM
I was reading that Democrats are going to introduce a new bill. This bill would set standard rules for lending across the country. One part of the bill would require lenders to be licensed. Another would require them to have due diligence when they check if a borrower is able to … (5 comments)
interest rates: Healthy Market? - 10/01/07 08:24 PM
Today I read an article (see link below) that mentioned how market is healthy. I think that the housing market is a little down, but I would not say it is healthy. It is not bad, it is not good, it is just different, and this article shows why. Please feel free to read it … (2 comments)
interest rates: Interest Rates on the Rise, Again! - 09/28/07 12:04 AM
Wouldn't you know it, interest rates are on the rise again. I know that the Fed just cut rates and that it was a good thing, but, I keep trying to figure out for who? If they cut the rates again, what would be the outcome? Would we actually see the … (1 comments)
interest rates: So much for the Rate Cut!!! - 09/21/07 12:44 AM
I never honestly thought the rate cut would make a big difference in lending or for the rates charged to our buyers. Well maybe it does on the lending side because they can now make more money offering the same rates or, charge more in fact. The new rate is what the … (5 comments)
interest rates: Today Is "THE DAY" - 09/18/07 02:46 AM
I will be watching the news today with my fingers crossed hoping the Feds make some sort of RATE CUT. In all honesty I doubt it will be a big cut, or that it will matter if it is a small cut. But, there is a glimmer of hope that the … (5 comments)
interest rates: Will the Feds Make The Cut? - 09/18/07 12:40 AM
I believe the Feds will make the cut. But, from talking with my lender, even if the cut is 50 basis points that will not make a huge difference in actual rates. However I do believe that the media attention and the Psychological effects it has on the market will be … (4 comments)
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Now is the time to buy a home if you cannot afford a down payment. The days of sellers contributing money to a buyer's down payment are nearing an end. Because of this many would be home owners will miss out on the opportunity of home ownership. This will be another … (1 comments)
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