Home shoppers rush in as mortgage rates fall
By Anna Bahney, USA TODAYTelephones are ringing - and ringing - at mortgage brokers' offices around the country after this week's sharp drop in mortgage rates.Average rates on 30-year fixed-rate mortgages fell to 5.97%, down from 6.33% the week before, according to Bankrate.com. Some brokers report rates as low as 5.25%.
Borrowers with a $200,000 loan, ...
Fed, Treasury Announce Plan to Jumpstart Lending
The Federal Reserve and Treasury Department on Tuesday unveiled hundreds of billions more in money they are pumping into the struggling U.S. economy, trying to jumpstart lending by the nation's banks for mortgages and consumer debt.
Together, the programs from the Federal Reserve and the New York Fed aim to dump $800 billion in additional funds into ...
First Time Buyer Tax Credit
(July 30, 2008) A $7,500 tax credit is now available for any qualified purchase between April 8, 2008 and June 30, 2009, as part of the Housing and Economic Recovery Act of 2008.
Follow this link for more information:
http://www.realtor.org/GAPublic.nsf/files/chart_homebuyer_tax_credit_.pdf/$FILE/chart_homebuyer_tax_credit_.pdf
Posted on Wed, Nov. 12, 2008
Phila.-area housing market still outperforming
By Alan J. Heavens
INQUIRER REAL ESTATE WRITER
The region's real estate market continued to outperform many other areas of the country and the nation as a whole in the third quarter, according to study released today by Zillow.com, the real estate search engine.
The study, which covers Philadelphia, Camden and Wilmington ...
Click the URL below to hear the latest real estate update from Keller Williams.
http://www.youtube.com/user/kellerwilliams
The Media Says Now is a Good Time to Buy…Ya Think?????
Even Donald Trump is saying that now is the time to buy. On Larry King, Trump says,“It’s an amazing situation. There are tremendous opportunities. You know what’s interesting, I was begging people not to buy real estate two years ago. And everybody was interested in buying. And now they are less interested, and this is the time they should ...
A conversation with NAR leader Charles McMillanNational Association of Realtors President-elect Charles McMillan said he supported the federal government's takeover of Fannie Mae and Freddie Mac during an interview Monday. Here's some of what he had to say about the national housing market:Question: The federal government took over Fannie Mae and Freddie Mac. Did you think it was necessary in ...