Tag Archives: Buyers

Low Prices and Cheap Loans Abound – But Where Are All the Home Buyers?

RISMEDIA, July 9, 2010—(MCT)—On paper, it’s the chance of a lifetime—a golden opportunity not to be missed.

Mortgage interest rates are at their lowest since 1971 and home prices have reached their lowest point since 2002, says IHS Global Insight Inc. economist Patrick Newport, and appear to be stabilizing.

Veteran real estate agents are hard-pressed to remember a time when rock-bottom rates and affordable prices converged this way. So where are all the buyers now that the tax credit is …

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Low Mortgage Rates Not Enough to Lure Potential Home Buyers

RISMEDIA, June 28, 2010—(MCT)—Mortgage rates have tumbled to record lows, but high unemployment and job jitters by still-working Americans mean the milestone is unlikely to attract enough borrowers to boost the unsteady housing market, economic and real estate professionals say.

Mortgage buyer Freddie Mac reported recently that the average interest rate on a 30-year fixed-rate mortgage in the U.S. slipped to 4.69%, down from 4.75% last week. A year ago the rate was 5.42%.

The 4.69% rate is an all-time …

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Home Buyers Who Missed 8,000 Dollar Tax Credit Coming Out Ahead

RISMEDIA, June 29, 2010—(MCT)—Home shoppers who missed the April 30 deadline for a housing tax credit might have the last laugh. For a variety of reasons, they could end up saving more than the ,000 they could have received from the tax refund.

In some neighborhoods and price ranges, sellers are dropping their prices because buyers are harder to find now that the credit has expired. Builders and real estate companies began offering promotions after the tax credit ended that, …

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The Real “Facts” About End Buyers Lenders and the 90 Day Seasoning Requirements!

We have been getting bombarded lately with questions about which end buyers lenders will write a loan without a 90 day seasoning requirement! Listen in as we go over the facts and the fiction of this “hot” topic. Also listen in as we go over how Obama’s new national short sale program will or will not affect the BPO or valuation process, whether or not a license will be required in each state in order to do loss mitigation work, …

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