November 2009 - Posts

Rates on 30-year mortgages remain below 5 percent
20 November 09 03:18 PM
Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday. The average rate for a 30-year fixed mortgage fell to 4.83 percent, down from 4.91 percent last week, the mortgage Read More...
Postedby Stephanie & Larry Watson | 0 Comments    
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Affordable Prices draw Investors to Real Estate
18 November 09 06:04 PM
Press Release courtesy of MOVE.com Nearly Half of Foreclosure Buyers Seek Investment Property LOS ANGELES, CA (November 11, 2009) -- Affordable prices and foreclosures are attracting investors to the housing markets today, and the number of consumers Read More...
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HUD ISSUES NEW MORTGAGE RULES TO HELP CONSUMERS SHOP FOR LOWER COST HOME LOANS
12 November 09 07:29 PM
WASHINGTON - For the first time in more than 30 years, the U.S. Department of Housing and Urban Development today issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful Read More...
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President Obama signed a bill extending the Federal Tax Credit
11 November 09 04:41 PM
President Obama today signed a bill extending and expanding the Federal Tax Credit for Home Buyers. The bill passed the U.S. House of Representatives yesterday and the U.S. Senate late Wednesday. The tax credit will be extended through April 30, 2010, Read More...
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Fed leave key rate unchanged
11 November 09 04:39 PM
Information received since the Federal Open Market Committee met in September suggests that economic activity has continued to pick up. Conditions in financial markets were roughly unchanged, on balance, over the intermeeting period. Activity in the housing Read More...
Postedby Stephanie & Larry Watson | 1 Comments