Clark Howard recently stated that we are now seeing the lowest mortgage rates that we will ever see in our lifetime! And he is right. In August, mortgage rates dropped below the lows of November 2010. On Tuesday, August 23, The Freddie Mac Primary Mortgage Market Survey reported that the 30-year fixed rate averaged 4.15% which was down from the previous week average of 4.32%. On August 9, the Fed also announced that the federal funds rate would remain near zero through at least the middle of 2013. That is the rate that banks use to borrow funds which … (0 comments)
mortgage: Buying a Short Sale? Why You Need an Agent
- 07/08/11 04:31 PM
Most people realize the necessity of hiring a real estate agent to sell a home, but they often take an entirely different approach and opt to go it alone when it comes to buying. But what do buyers need to know when it comes to navigating today’s real estate market - particularly with the increased number of short sale properties?Before you venture into the home buying process, particularly if you are considering a short sale property as an option, take time to consider the benefits derived from working with a knowledgeable real estate agent. The following are some things to think about: Advanced Listings The … (3 comments)
mortgage: LOSS of THE AMERICAN DREAM!
- 06/13/11 02:31 PM
THE AMERICAN DREAM MAY BE OUT REACH! We have heard the rumors but can it really happen? At one point the theory was everyonedeserved to own a home. And, accordingly, loan underwriting guidelines were written tomake that possible. And what happened? Look where the housing market is today?Typical knee jerk reaction. Now let's punish those who have acted responsibly. As it turnsout Congress is indeed discussing proposed revised legislation which will require 20% down payment by future potential home owners. Of the 20% down, the lenders will berequired to hold 5% of the value of the loans they generate if the loans will be sold … (1 comments)
mortgage: Mortgage Rates Reaching Lowest Rates Ever!
- 10/26/10 05:13 AM
Mortgage rates are now reaching some of the lowest rates on record. The Fed is purchasing long-term investment products, the demand for housing remains low and the prognosis for jobs and an economic rebound is a very slow recovery. Those combined factors are driving rates to historically low levels. In mid October, the Freddie Mac Primary Mortgage Market Survey reported the average rate for a 30-year, fixed rate mortgage was 4.19%. We may see fixed rates under 4%. In a recent meeting with top real estate companies, economists from Bank of America and Wells Fargo predicted that loan products are … (1 comments)
mortgage: ATLANTA GA REAL ESTATE - HOME VALUES HAVE BOTTOMED
- 05/10/10 08:06 AM
Prudential Georgia Realty is pleased to announce that Metro Atlanta home values are officially past the bottom. Read the report to learn the facts that support our case. The report also includes an overview of the key drivers that impact future homes values with relevant facts about each category. Learn the trends for short sales, foreclosures and bank-owned properties. Get the facts about the shadow inventory being held by banks. See the latest stats for new homes permits and trends for replacements costs. Understand how increasing mortgage rates could reduce your buying power. Home affordability remains exceptional with selling prices below replacement costs … (0 comments)
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