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June 2010 Blog Posts (33)

Home Buyers Tax Credit - Closing Date to be Extended

People hoping to take advantage of the first-time home buyer tax credit would have an extra three months to close their home purchases and still qualify, under a measure introduced in the U.S. Senate Thursday.

To be eligible for the current tax credit, home buyers must have a valid contract by April 30, 2010 and close the transaction by June 30, 2010. The Senate measure would allow home buyers until the end of September to… Continue

Added by Jennifer Griner on June 14, 2010 at 8:47am — No Comments

Mortgage Bankers Weekly Update: Purchase Applications 35 percent Below Last Month

Market Composite Index: (loan application volume) decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday

Refinance Index: decreased 14.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 5.7 percent from one week earlier…

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Added by Your Property Path on June 12, 2010 at 1:39pm — No Comments

Freddie Mac Weekly Mortgage Update: Mortgage Rates Remain Historically Low

30-year fixed-rate mortgage: Averaged 4.72 percent with an average 0.7 point for the week ending June 10, 2010, down from last week when it averaged 4.79 percent. Last year at this time, the 30-year FRM averaged 5.59 percent.

The 15-year fixed-rate mortgage: Averaged 4.17 percent with an average 0.7 point, down from last week when it averaged 4.20 percent. A year ago at this time, the 15-year FRM averaged… Continue

Added by Your Property Path on June 12, 2010 at 1:39pm — No Comments

A Morning Cup of Inspiration (June 11, 2010)

Adversity isn't set against you to fail; adversity is a way to build your character so that you can succeed over and over again through perseverance.

- Byron Pulsifer …

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Added by Jennifer Griner on June 11, 2010 at 8:47am — No Comments

Adjustable-Rate Mortgages: Do they make sense today?

Adjustable-rate mortgages (ARMs) get bad press. The poster child for irresponsible borrowing, they’re the mortgage industry’s bad boys. But ARMs can be excellent loans for thrifty borrowers.

Here is a quick recap on how ARMs work:

An ARM begins with a low introductory rate that remains fixed for a specified period. Upon expiration, the interest rate… Continue

Added by Jennifer Griner on June 10, 2010 at 9:57am — No Comments

Hump Wednesday Funnies

Share the wealth:

Stay Informed. Stay Connected.…

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Added by Jennifer Griner on June 9, 2010 at 9:38am — No Comments

Help for Home Buyers

When it comes time to buy a home, you may need to strap on your thinking cap to come up with some creative ways to boost affordability. This can come in the form of assistance programs, special financing, leasing, and mortgage ideas.

Let's take a moment to explore a few of these options:

Look Within Your Circle:

The first order of business could be to sit down with your family to see what assistance they'd… Continue

Added by Jennifer Griner on June 8, 2010 at 9:46am — No Comments

Renting Out Your House - Is it worth the cost?

Renting can be a profitable choice, but it requires an investment of time, money, and organization to make it work.

Here’s how to determine whether renting out your house is worth the cost.

Calculate your monthly expenses

You want to charge at least enough to cover your monthly outlay. So the first step is to use… Continue

Added by Jennifer Griner on June 7, 2010 at 9:12am — No Comments

Should you Sell or Remodel - Which makes more sense for you?

What do you do when your family outgrows your house, or when the quirks you once found charming about the place just aren’t livable anymore?

In this marketplace, with home equity shrinking and banks reluctant to lend, is it smarter to move or improve?

Here’s some advice to help you decide.

Moving has gotten harder

With median housing prices down 25% since their peak in 2006,… Continue

Added by Jennifer Griner on June 3, 2010 at 9:26am — No Comments

Hump Wednesday Funnies

Click the comic above to enlarge.

Laugh more! Smile more! Check out the… Continue

Added by Jennifer Griner on June 2, 2010 at 9:25am — No Comments

Stock Market Insights For The Housing Markets

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, and are 22.8 percent higher than the 4.70 million-unit pace in April 2009. Monthly sales rose 7.0 percent in March.

The upswing in April existing-home sales was expected because of the tax credit inducement, and no doubt there will… Continue

Added by Your Property Path on June 1, 2010 at 8:20pm — No Comments

Second Credit Checks for Home Buyers: Effective Today (June 1, 2010)

Starting June 1, Fannie Mae has a new rule going into effect which requires the lender to check for additional lines of credit, such as a new credit card or a car lease, that a borrower may have obtained that have not been reflected on the credit report over the course of the loan process. With stricter regulations mandating a further credit probe before borrowers close their mortgage, real estate experts are advising prospective home shoppers to keep… Continue

Added by Jennifer Griner on June 1, 2010 at 10:26am — No Comments

06/26/10 - Free Wealth Building Conference For Real Estate Investors - Rocky Hill, CT

CT REIA and Dave Lindahl presents:

Wealth Building Conference For

Real Estate Investors

June 26 and 27. 8:00am - 5:00 pm

Rocky

Hill Marriott Hotel

100 Capitol Blvd. Rocky Hill, CT

This is a FREE event for everyone

Register at:… Continue

Added by CTREIA on June 1, 2010 at 9:00am — No Comments