The recent hike in mortgage rates continues to hurt the beleaguered house market Linewatch download Redemption: A Mile from Hell Confessions of a Shopaholic dvdrip . In some programs, the rates have increased as much as 1 percent compared to just a few months ago. This can add an increase in monthly payment for a potential borrower of $80 per $100,000 in mortgage. This will likely act as putting on the brakes for any recovery in the real estate industry. Beyond just homes sales, the rate increase can also potentially affect foreclosures as well. If a homeowner that was on the edge of falling behind, wanted to refinance – he may not be able to do it now due to the higher mortgage rate, and would be forced to go into foreclosure.
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What REALTORS owe Steve Jobs There are times to talk business. There are times to whine. And then there are times to simply pay our respects. With the passing of Steve Jobs yesterday, now is one of those times.As REALTORS, we tend to be in a hurry all of the time. We are dealing with this … [Read More...]
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Listing Syndication? Not for this Broker!
Curtis Reddehase, a real estate broker in Austin Texas recently wrote announcing his decision regarding Listing Syndication Attack of the 50 Foot Woman movie and why his brokerage will no longer be participating in that form of marketing. Several reasons were cited, but the 2 main reasons boiled down to: 1. He doesn’t want his [...]
Bigger, Better Home Buyer Tax Credit Taking Shape
.!. If the $8,000 first time home buyer has proven to bring reluctant first time buyers into the market then the recently proposed $15,000 tax credit to all buyers could be a game changer. The real estate market has been in the doldrums for the past few years and with the introduction of the first time [...]
Keller Williams and CitiMortgage announce national mortgage pact
According to a Press Release by Keller Williams, KW and CitiMortgage have entered into an agreement to provide mortgages with reduced fees and a $1,500 on time closing guarantee. While this is not the first agreement of its kind in the industry, it is part of a growing trend among franchises. “Our goal is to [...]