The National Association of Realtors recently made a statement from President Charles McMillan, entitled: Housing Stimulus and Stabilization Will Help Economic Recovery (That's an active link if you'd like to view the statement, but the title summarizes it well-enough) In a separate letter to Rea
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02/13/2009
Not me, apparently... my apologies for the lack of postings in the past couple of weeks. Quite the buzz in the news today and I was tempted to rush out with a blog entry on the new tax benefit and how it will work. Except one thing: WE DON'T REALLY KNOW YET! Stay tuned for more on that soon. Here
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02/11/2009
No, really. This one's to the point. 4.75 that is. That's what the rate was on January 27th, 2009. Here's what it looks like: 4.75% Rate / 4.899% APR P&I payment: $2,175.27Loan amount: $417,000Down payment/equity: 20%Loan Program: 30 Year Fixed Rates as of 01/27/09, subject to change without noti
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01/27/2009
A close family member of mine (whose identity will remain undisclosed for their own protection) has jokingly proclaimed that it's acceptable to say something, let's say, non-positive, about someone as long as you follow it up with "bless their hearts" (thus canceling out any potentially inflammat
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01/20/2009
Not exactly the way I wanted to come back from a holiday. As much as I'd love to take the day off and watch the proceedings, I'm really just ready for everybody to get to work! Oh -- speaking of which -- On Friday mortgage rates worsened, but that was somewhat expected because historically when t
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01/20/2009
This is a little off-topic of my normal posts... With the lightning-speed distribution of news these days, most of us heard of the emergency crash-landing on the Hudson river within minutes of the event. After hearing that most survived, I breathed a sigh of relief and went on with my busy day. T
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01/16/2009
Actually, I was referring to me or rather my lack of postings recently. I apologize for that! Rates, too, are basically unchanged from my last rate update, where they were, well, basically unchanged: http://activerain.com/blogsview/870483/Mortgage-Rate-Update-Basically-Unchanged The New York Fed
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01/15/2009
Well, maybe I should be careful what I wish for... rates are unchanged from my last mortgage rate update entry, Just click here to see where we are. This is the 3rd day in a row they've been at this rate. In this case, I think I'm ok with mortgage rates just hanging out. The longer they stay at
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01/08/2009
Except for some jockeying around as far as who's going to be the most competitive or who's all full-up with new loan applications, lenders priced their rate sheets with the same rate as the day before -- more or less... 4.625% Rate / 4.773% APR P&I payment: $2,143.96 Loan amount: $417,000Down pa
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01/07/2009
Hmm... I can see how this could catch on. Here are the ones that immediately came to me: WYSINWYG: What Sign is Not What You Get. This is in reference to the $750billion bailout... or I mean... Troubled Asset Relief Program funds immediately being used for a purpose completely different than what
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01/06/2009