Mortgage Rates surveyed by Freddie Mac hit new lows this week.
Freddie Mac's Primary Mortgage Market Survey showed rates on 30-year fixed-rate mortgages averaging 3.91 percent with an average 0.7 point for the week ending Dec. 22, down from 3.94 percent last week and 4.81 percent a year ago.
Read the entire report... CLICK HERE
If you are considering Buying a Home, now is the time to buy while home prices are still low and affordable. Home prices 6-8% over the same peroid in 2010, are increasing.
Be sure that you find and work with a good "Buyer's Agent". WHY you ask?... If you have the listing agent show you a ...
For “Home Buyers” who have not been able to find the ‘Perfect Home’ in this ‘Low Inventory’ market, now there is another option… find and buy a great home (needing some TLC) that is in a great neighborhood and then with NO CASH out of pocket renovate it to meet their needs. The FHA has set up a 203k loan program that allows them to do just this. Many Fixer-Upper homes are homes are offered at the most competitive prices and are usually in need of...
The Federal Housing Finance Agency, with Fannie Mae and Freddie Mac, has announced a series of changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgage. The program enhancements were developed at FHFA’s direction with input from lenders, mortgage insurers and other industry participants.
“We know that there are many homeowners who are eligible to refinance under HARP and...
Half of All Homeowners May Be Paying Too Much...!What You Can Do About It?
Read this in-depth article by Jeanette Neumann that recently appeared in the Wall Street Journal.
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The number of Short Sales flooding the U.S. real estate market has drastically increased in the past several years – and will continue to rise, according to reports from Equator Financial Solutions and Campbell Communications. In Livingston County, Distressed Properties (Foreclosues and Short Sales) recently have accounted for about 60% of the total sales.
More people are avoiding foreclosure," says RE/MAX Chairman and Co-Founder Dave Liniger (ABR, CDPE, CRB)....
I get asked several times a day about the real estate industry: Are things getting better? Are property values...
On May 2, Gov. Rick Snyder signed SB 349, legislation that makes it easier for homeowners to use the important...
In my last blog post, I wrote about my frustration with a local unit of government that seemed to value more highly the...
Let me tell you a story: A free medical clinic that donates over $1 million in help to the local community and operates...
I have a lot of respect for real estate agents who earn every penny of their commission.
Just try to close a...
