Daily Archives: January 29, 2009

Mortgages Rates Lower while Housing Affordability High According to Freddie

Freddie Mac released the results of its Mortgage Survey in which the 30-year rate averaged 5.10 percent for the week ending January 29, 2009, down from last week when it averaged 5.12 percent. Last year at this time, the 30-year … Continue reading

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$7,500 Tax Credit Sounds Nice; Would you take the money?

The $7,500 tax credit that was passed last year is encouraging some first-time home buyers to become homeowners before the credit expires on July 1; NAR estimates that it will create 66,000 additional sales. But more can be done, and … Continue reading

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The Fed; “Low levels for rates warranted for some time”

According to a press release from the Federal Reserve Board, “The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are … Continue reading

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A Lesson for Sellers; How to Understand the Buyer

As the seller, you can control three factors that will affect the sale of your home: The home’s condition Asking price Marketing strategy However, it’s important to note that there are numerous other factors that influence a buyer, and you … Continue reading

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