Monthly Archives: May 2012

Foreclosures Fall To 5-Year Low

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month — the fewest number since July 2007. Rapidly-declining foreclosure figures are another signal that the U.S. housing […]

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Mortgage Rates for the week of: May 29, 2012

Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Boise, Idaho worsened slightly on the news, climbing for the first time in two weeks. The change was a small one, however, and […]

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30-Year Fixed Rate Mortgage Rates Fall To 3.78% Nationwide

For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. According to this week’s Primary Mortgage Market Survey from Freddie Mac, “prime” mortgage applicants willing to pay 0.8 discount points plus closing costs can secure a mortgage rate of 3.78%, on average. This is a small improvement in […]

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New Home Sales Rise For 7th Month Out Of 8

The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones. According to the U.S. Census Bureau, the number of new homes sold rose 3.3 percent in April to a seasonally-adjusted, annualized 343,000 units sold — its second-highest reading since April 2010. April 2010 […]

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Existing Home Sales Climb 3.4 Percent In April

Low mortgage rates are helping to make homes more affordable. It appears home buyers have taken notice. According to the National Association of REALTORS®, Existing Home Sales rose 3.4% in April from the month prior, registering 4.62 million homes sold on a seasonally-adjusted, annualized basis. An “existing home” is a home that’s been previously occupied. […]

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Six Ways To Beat The Stress Of Buying A Home

Divorce, Death and Moving are the three most stressful experiences in life. There are two very different kinds of needs that people have while moving. First there are the transactional needs, like finding the right home, finding a seller who is realistic, negotiating a price, filling out the paperwork, handling the escrow, and arranging for […]

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Home Affordability Reaches New High

Falling mortgage rates and stagnant home prices are making a positive effect on home affordability nationwide. Never before in recorded history have so many homes been affordable to households earning a moderate annual income. Last week, the National Association of Home Builders reported the Home Opportunity Index at 77.5 — it’s highest reading of all-time. […]

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Mortgage Rates for the week of May 21, 2012

Mortgage bonds improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for […]

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ABSENTEE OWNERS: How To Have A Quick and Easy Sale

Perhaps you are thinking the time to sell could be now or is at a time that could do with the date the tenants’ lease will expire. May I suggest contacting me at least 30-60 days prior to that time so I may obtain important information to have the property ready to market and sell […]

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RENTERS: Kiss Your Landlord Good Bye – Own Your Own Home!

The biggest problem many people face when making the move from renting to owning a home is the down payment. You’ve been making regular payments every month for rent and can’t seem to accumulate enough capital for a more permanent home. Many times homes in your area appreciate in value faster than you can save. […]

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