The election is over and so is the need to keep interest rates artificially low. If we absorb the pain now, we’ll be less likely to remember it during the 2012 election. Don’t wait! Rates are rising! Interest Rate Roundup for Dec. 2, 2010 from Bankrate.com Mortgages 4.71% (30-year fixed) 0.36 (average points) Here’s a …
Tag: Bankrate
Nov 26
Foreclosure Freeze is Thawing! Important news for buyers & sellers
According to Fannie Mae, they are lifting some of the holds on eviction actions and REO closings that were put in place in September 2010. The holds were placed in response to the issues of possible defects with affidavits submitted in foreclosure actions. This means the homes that were removed from the market will be …
Oct 26
Charlotte Home Prices Drop, US Existing Home Sales Jump
According to the Charlotte Business Journal, Charlotte-area home prices drop 3.4% and existing US home sales jump 10%. The following are two excerpts from articles about each of these subjects: Charlotte-area home prices drop 3.4% “Homes prices in the Charlotte market fell 3.4 percent in August from a year earlier, according to the Standard & …
Oct 25
What You Need to Know About HUD Homes -AND- Why They Are So Affordable
Showcase Realty has recently acquired the honor of being one of the few brokerages able to list HUD Homes in the Charlotte, NC Metro and surrounding areas. The following is a quick helpful explanation of HUD Homes from the US Dept. of Housing and Urban Development: What is a HUD Home? A HUD Home may …
Jun 04
Mortgage Rates Remain Virtually Unchanged, Linger at Historical Lows
Rates are at a historic low, check out the article that DSNews.com recently published about it! “After weeks of continuous declines, mortgage rates remained nearly flat for the week ending June 3, 2010, Freddie Mac and Bankrate reported Thursday. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS), 30-year fixed-rate mortgages averaged 4.79 percent with …
