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The difficulties in the housing market have been well documented. If you have been trying to sell your home and have been unsuccessful, here's a tip.
Don't reduce the asking price (again)…raise the commission!
Guest Post by Bill T. Daniels, Certified Mortgage Coach
The Federal Reserve's purchases of mortgage-backed securities kept interest rates near historic lows for much of last year. But within a week of the program's expiration, rates for 30-year fixed-rate mortgages jumped from 5.04 percent to 5.31. Now many analysts are predicting rates will likely rise as high as 6 percent by early next year. Here are five other housing trends to watch:
Guest Post by Jeff Daniels, Branch Manager, Primary Residential Mortgage, Inc.
You don’t have to be in the real estate industry to know we are in a tough market. Government is making changes to compliance in the lending industry that is slowing down the process.
On February 17, 2009, the president signed into law the American Recovery and Reinvestment Act of 2009. As part of this act the First Time Homebuyer credit was modified from its original form under the Housing and Economic Recovery Act of 2008.