Is It Time For Another Home Buying Boom? - Potential Buyers Have Many Factors In Their Favor Heading Into 2009 - 12/22/08 05:02 PM
 Is It Time For Another Home Buying Boom?
Potential Buyers Have Many Factors In Their Favor Heading Into 2009
As we head into 2009, there is still a great deal of uncertainty on the horizon in the economic landscape. However, quietly we are seeing an environment created that has many favorable factors to potential homeowners. So the question left to be asked is, will 2009 create a rebound in home buying and thus potentially the housing market? Only time will tell, for the mean time, we do know the following factors will help encourage homeowners to choose 2009 to purchase.
Interest … (2 comments)

Interest Rates Move Lower, But Is It Time To Refinance? - Answers To Commonly Asked Refinance Questions - 12/22/08 11:23 AM
Interest Rates Move Lower, But Is It Time To Refinance?  Answers To Commonly Asked Refinance Questions
Should my new rate be 2 percent lower than my current rate to make it worthwhile?
The quick answer to this is, no. You do not have to wait until mortgage interest rates drop by 2 percent before you consider refinancing your mortgage.
The decision to refinance your home is dependent on many things, including how long you plan to be in the house, how much lower the interest rate will be on your new loan, the closing costs for the new loan, your equity … (3 comments)

Week In Mortgage & Real Estate: Rates Stay Low, But Help For Home Owners Delayed - 12/15/08 01:56 PM
Week In Mortgage & Real Estate: Rates Stay Low, But Help For Home Owners Delayed
 
FDIC Plan - Round 2
In its first go round, the Bush administration denied enactment of FDIC Chairwoman Sheila Bair's controversial loan modification plan, however now lawmakers are taking matters into their own hands.
However new legislation has now been introduced incorporating Bair's proposal to systematically modify loans and provide a government guarantee against default. The measure is estimated to ultimately save 1.5 million homeowners from foreclosure and would cost $24.4 billion, which Waters would take from the $700 billion financial industry bailout bill.
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This Week In Mortgage & Real Estate: Interest Rates Drop, But How Low Will They Go? - 12/08/08 05:52 PM
This Week In Mortgage & Real Estate: Interest Rates Drop, But How Low Will They Go? As we move ahead in another week in the ever changing mortgage and real estate market, we have many new events to consider. Perhaps the biggest story of this past week however, has been the drop in interest rates that we have seen on mortgages. Rates have dropped to their lowest rates in year 4.5% Interest Rates?
The buzz word this past week has been that of 4.5% interest rates, through possible government intervention. While the Federal Reserve has stepped up and said that they … (0 comments)

 

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