Septermber 15, 2010 (Shirley Allen)
Existing-home sales rose in August 2010 following a big correction in July, according to the National Association of Realtors (NAR). Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6% to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0% below the 5.10 million-unit pace in August 2009.
Septermber 14, 2010 (Chris Moore)
With a record number of foreclosures in its inventory, mortgage giant Fannie Mae has decided to institute a program it hopes will give home buyers incentive to buy from them. One can only wonder if other mortgage holders will consider similar programs to help reduce their foreclosed properties.
Septermber 13, 2010 (Chris Moore)
Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 9 2010. While the 30-year fixed-rate mortgage rate and the 5-year adjustable rose slightly, other rates remained flat or fell lower. Read More…
September 13, 2010 (Jeff Alan)
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
Septermber 12, 2010 (Shirley Allen)
FHA’s Energy Efficient Mortgage program (EEM) helps homebuyers or homeowners save money on utility bills by enabling them to finance the cost of adding energy efficiency features to new or existing housing as part of their FHA insured home purchase or refinancing mortgage.