Monthly Archives: June 2011

Mortgage Rates for the week of: June 27, 2011

Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Idaho and throughout the nation fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especially low. There were three big […]

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Good News for Real Estate: The Probable Scenario

By: Alan Schram the Managing Partner of Wellcap Partners, a Los Angeles based investment firm. A raging debate has been taking place concerning the health of real estate, and how long it will take to absorb the excess supply. Here is a probable scenario (data thanks to Century Management): In September 2010, there were 3,585,000 […]

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Mortgage Rates for the week of: June 20, 2011

Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation — an event that tends to lead rates higher — but weak domestic jobs data and a soft manufacturing report suppressed the damage. Rates were also held low by ongoing issues […]

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Understanding Your HUD-1 Settlement Statement

The HUD-1 Settlement Statement is the form that the settlement agent will use at your closing to itemize all charges that you as a buyer can expect to pay when buying or refinancing your house. It will give everyone involved in the transaction (buyers, sellers, agents, brokers) a complete listing of their incoming and outgoing […]

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Understanding Your Good Faith Estimate (GFE)

When you apply for a mortgage, the government requires your lender to give you a “Good Faith Estimate” (GFE) within three days of your application. This document sets out all the costs associated with the mortgage, and most experts recommend against committing to a loan before seeing it. A GFE is also helpful because it […]

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Mold in Idaho

During a recent routine home inspection for a client, our inspector found mold in the attic. So, I thought I better do a little research on mold in Idaho. This is what I found: Courtesy of EPA.gov Molds produce tiny spores to reproduce. Mold spores waft through the indoor and outdoor air continually. When mold spores […]

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Mortgage Rates for the week of: June 13, 2011

Mortgage markets moved in feverish fashion last week, changing with extreme frequency, and eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher. Last week marked just the second time in 8 weeks that rates increased. During that span, Freddie Mac reports that […]

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New Eagle Listing

Awesome home in Eagle, Idaho for Sale. Only $175,000 MLS# 98470145 Address: 150 S Cooksom Ave Eagle, ID  83616 Single Level w/Upstairs Bonus Room 3 Bedrooms 2 Baths 1,756 SqFt 3 Car Garage RV Parkiing NOT a short sale or REO. Beautiful 3 bedroom, 2 bath home in a desirable subdivision in Eagle. Walk to […]

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Why Use a Realtor

While the advice and experience of a qualified Idaho REALTOR® is invaluable — here are 12 quick reasons that explain just how the services of a skilled Idaho REALTOR® can help you: Your Idaho REALTOR® will help you determine your exact buying power including understanding how to use your financial reserves and your borrowing capacity. If […]

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Why It’s Time To Buy

by Ruth Simon and Jessica Silver-Greenberg, The Wall Street Journal. Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard & Poor’s Case-Shiller index showing that prices hit new bear-market lows, falling back to […]

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