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A rumor was afloat yesterday regarding a major bailout in the works from the government for the amount that homeowners are “upside down” on their loan balance, relative to their home value. The rumor gained so much attention that Read More...
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The long anticipated restoration of the Section 502 single-family rural housing program is headed to President Obama's desk for signature into law. NAR has been working on restoring funding since March. Although the legislation increases the guarantee Read More...
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Good news! After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline , the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts Read More...
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Last week, Bankrate.com reported very favorable rates, with the 30-year fixed remaining unchanged from the previous week's record low. The benchmark 30-year fixed-rate mortgage remained 4.88 percent last week, according to the Bankrate.com national Read More...
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“From home buyers to lenders, mortgage fraud has had a resounding impact on the nation’s economy,” Mueller added. “Those who prey on the housing market should know that hundreds of FBI agents on task forces and their law enforcement Read More...
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Three Senators introduced a measure to extend the present home buyer tax credit closing deadline from June 30 to Sept. 30. They are Senate Majority Leader Harry Reid, D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn. This amendment does Read More...
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The national average 30-year fixed-rate mortgage rose 3 basis points this past week, to 4.95 percent with an average total of 0.45 discount and origination points, according to the Bankrate.com national survey of large lenders. A basis point is one-hundredth Read More...
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Washington, May 13, 2010 Despite guidelines from the federal government to streamline short sales and improved fraud prevention, home sellers experiencing financial distress continue to be discouraged with the often confusing short sale process. Realtors® Read More...
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Daily Real Estate News June 4, 2010 Interest on 30-year fixed home loans averaged 4.79 percent this week -- up slightly from 4.78 percent a week ago but still near historic lows. The average rate on 15-year fixed loans hit a record low of 4.2 percent, Read More...
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The average 30-year fixed-rate mortgage slid 4 basis points, to 4.92 percent . A basis point is one-hundredth of a percentage point. The new rate is the lowest in the nearly 25-year history of the weekly Bankrate survey, eclipsing the previous record Read More...
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The 2010 plan to encourage energy efficiency is the government rebate for appliance buyers. The plan lets people swap their old appliances for new energy-efficient models at very low prices. Here are some things to keep in mind: · State plans vary Read More...
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Feddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 PERCENT during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January. Experts say rates could fall further in response to Read More...
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…at least according to the Washington Post and the Mortgage Bankers Association . Although there have been, and will continue to be, variations from week to week, experts predict rates will remain low for a while, but won’t go very much lower. Read More...
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I know you haven't seen anything in the news about this... ...end time signs, I believe. Please pass this on. Take 9 minutes and watch this video below. Try to watch it before it's pulled from YouTube . http://www.youtube.com/watch?v=vuBo4E77ZX Read More...
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Business Week magazine reports real estate commissions in some parts of the country are going up as anxious sellers are willing to pay more to attract the attention of agents with buyers, and listing agents are become more particular about the homes they Read More...
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