Stop Renting and Buy While Homes are Most Affordable

Phoebe Chongchua – Realty Times: FULL ARTICLE If you’re currently renting and have dreamed of owning a home, now may be the perfect time. Trulia.com is reporting that during the month of July, buying was cheaper than renting in 74% of the country’s 50 largest cities. However, in 12% of the cities, such as New York, […]

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FreddieMac: Mortgage Rates Lowest in Over 50 Years

Realty Times: FULL ARTICLE MCLEAN, Va., — Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed averaged 4.15 percent, breaking the previous record low of 4.17 percent set November […]

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S&P: Shadow inventory levels begin to improve

HousingWire – FULL ARTICLE The amount of time it would take for the housing market to move through properties lingering in the foreclosure system is finally improving. Standard & Poor’s analysts estimate it would take 47 months for the housing market to work through the shadow inventory, according to their second quarter research note. They revised […]

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Realty Times: Mortgage Rates Sink Lower With Unsteady Markets

Realty Times by Ed Ferrara FULL ARTICLEAnother active week occurred with mortgage rates sinking lower as uneasiness continues to create unsteady markets. Concerns over economic stress around the globe has markets reacting unpredictably each day of the week and have resulted in sliding mortgage rates.

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USA Today: More Homeowners Shorten Mortgage Terms – Opinion

Opinion:  The low rates present a terrific opportunity for homeowners with 30 year fixed mortgages to possibly save thousands of dollars in interest by refinancing into a 15 year mortgage with little or no impact on their monthly payment.  Borrowers can use a mortgage calculator to determine what their payment would be at the current […]

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WAPO: Mortgage tax deductions may soon be in play – Opinion “Get Involved”

Opinion: We believe the best way to change the status quo in Washington, regardless of party affiliation, is to “get involved” in the process and contact your representative. Decisions are made by those who show up at the polls. Make sure to get involved and help architect the change we need. Kenneth R. Harney – Washington […]

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