5/12/2008 2:34:00 PM
30-Year Mortgages Edge Down Slightly
Freddie Mac Chief Economist Frank Nothaft says the housing slump, along with rising mortgage delinquencies and foreclosures, has taken a toll on homeownership rates and prevented significant movement in mortgage rates during the week ended May 8. The 30-year ...
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5/5/2008 1:15:00 PM
Little Change in Mortgage Rates
Long-term mortgage rates saw little change over the past week, according to Freddie Mac. Interest on 30-year fixed loans came in at 6.06 percent, compared with 6.03 percent for the previous week. Other rates registered some movement, but not much, with the ...
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4/9/2008 10:35:00 AM
Fannie Mae Raises Credit Standards
Fannie Mae has tightened standards for the home mortgages it guarantees or buys. The government-sponsored provider of home loan funding told lenders Monday it will require a minimum credit score of 580 for most loans it buys on an individual basis. Credit ...
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3/28/2008 10:28:00 AM
Home Buying and Selling Guides
There are a number of excellent guides available for puchase at www.realtor.org . The NAR Guide to Home Buying and The NAR Guide to Home Selling, just to name a few. Just click on the Store tab at the top of the page.
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3/27/2008 11:33:00 AM
Spring in the valley?
Well, yes spring is offically here, but last night we got a dusting of snow in the valley. Maybe an inch at the most. It has already melted. The good news is that they were calling for 6 - 8 inches in the mountains. The snow pack this winter has been great. ...
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3/7/2008 1:36:00 PM
Mortgage Rates Drop This Week
Freddie Mac says the 30-year fixed mortgage rate fell to 6.03 percent during the week ended March 6, from 6.24 percent the prior week. Interest on 15-year, fixed-rate mortgages also declined, falling to 5.47 percent from 5.72 percent over the same period. ...
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3/4/2008 2:12:00 PM
We've moved!
We've moved our office from 248 W Main Street to 1230 North First Street, across from K-mart. Stop in and see me. Plenty of easy parking!
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2/26/2008 11:56:00 AM
Capital Gains and Your Home Sale
Too many people worry that they will have to pay Uncle Sam when they sell the ir homes. But since the rules changed in 1997, it has been one of the best tax breaks around. Click here to read more.. Capital Gains and Your Home Sale
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2/18/2008 11:51:00 AM
30-Year Mortgage Rates Climb
Freddie Mac reports a jump in the 30-year fixed mortgage rate to 5.72 percent during the week ended Feb. 14, from 5.67 percent the prior week. Interest on 15-year fixed loans, meanwhile, climbed to 5.25 percent from 5.15 percent over the same period. Rates ...
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2/13/2008 3:06:00 PM
Homes Features That Are Big Buyer Turnoffs
Old homes can be quaint, but there’s a difference between old and outdated. Unless home owners periodically invest in upgrades, their homes will fall so far below the standards of current buyers that they become obsolete and hard to sell. What’s ...
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