Drop in Mortgage Rates Felt

By Mike Colpitts Rates on fixed rate home loans dropped this week, falling to near record lows again for 30-year and 15-year mortgages, but budged higher on adjustable rate loans, according to Freddie Mac. The drop on fixed rate loans sends mortgage rates to near all-time record lows, hitting 3.90% just three basis points off… Continue reading Drop in Mortgage Rates Felt

Steps to Find the Best Real Estate Agent in Today’s Market

By Kim Olson Finding “just the right home for you” can be daunting, especially if you’re moving to an area that you’re not familiar with. Fortunately, a good real estate agent can really make the process much easier. Follow these steps to find the best real estate agent in today’s troubled market, and your search… Continue reading Steps to Find the Best Real Estate Agent in Today’s Market

Home Buyers Avoid Foreclosure Properties

By Mike Colpitts A large number of home buyers are refusing to even look at considering distressed properties for sale, according to a monthly survey of real estate market conditions by Campbell Mortgage Finance as prices on foreclosures that are selling continue to fall. Four major national lenders have frozen foreclosure sales as a result… Continue reading Home Buyers Avoid Foreclosure Properties

Buying a Home after Foreclosure

By Lindsey Hadwin Of the millions of Americans who have lost their homes in the foreclosure crisis, many dream of buying a home again. As a result of more than 19.2-million vacant homes nationally, securing a mortgage in the future is possible in less time than ever before. Re-establishing creditworthiness can provide a key to… Continue reading Buying a Home after Foreclosure

Home Buyers Deadline Nears

Home buyers looking to take advantage of the federal government’s tax break need to get moving if they want to meet the deadline to get the credit. The tax credit, which offers up to $8,000 to buy a new home is only available on purchases that go under contract before May 1st. The federal tax… Continue reading Home Buyers Deadline Nears

Condo Buyers Winning Refunds

By Chris Tyler Growing numbers of preconstruction condominium buyers caught in the credit crisis are getting their deposits refunded from Florida up the east coast to New York across the nation to California. Amid double digit declines in condo values, momentum is building in courtrooms for buyers who have waited beyond their contract deadlines for… Continue reading Condo Buyers Winning Refunds