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Record low rates - Optimism - What RE will recover first - Top 10 risks

By
Mortgage and Lending with LX Financial LLC
Rates keep coming down, more purchase money applications, and no upward pressure on rates. Loan mods are closing faster, and signs of optimism everywhere. Life is good >>> well ok, getting better then :))  - Paul
 
Households say now good time to buy
Prices and other factors are said to have first-time buyers' attention, according to a new survey by Century 21 that focused on first-time home buyers. Read more
 
High mortgage fees keep banks afloat
Home refinancing is forecast to hit a two-year high and banks are reaping the profits. Meanwhile, home purchase mortgage origination fees are the costliest in eight years, according to data compiled by the Federal Housing Finance Agency. Read more
 
Long term rates set another record
For the week ending March 26th the 30-year fixed averaged 4.85% with an average 0.7% fee, down from last week when it averaged 4.98%. This time last year it averaged 5.85%. The current rate is the lowest since FM started tracking rates in 1971.  Freddie Mac rate surveys.

Top 10 business risks for real estate 
A new Ernst & Young report cites continuing economic uncertainty and the affects of the credit crunch as the key challenging issues that face the industry. Read more 

What will recover firsts? 
Multifamily houses and rental buildings will lead real estate's recovery, and signs are it could happen before the end of the year. Read more

Contact me for further information or assistance. 

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