Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.03 percent.
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Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
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Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent.
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Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
Filed under: Front Page, Real Estate News by david
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Prospecting expired listings can be the core of anyone’s business in the real estate field. You can create a system that will give you repeatable results for your effort. Let’s look at these three very positive characteristics in prospecting expired listings
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How to Prospect Expired listings
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In tight real estate markets one sure thing is that sellers have to highlight the finest qualities of their homes. Yet, sometimes the very benefits buyers might be interested in are overlooked.
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Have an Eco-Friendly Home? Make Sure Buyers Know It
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Peter L. Mosca, host of Income Property Investment Talk dot com, shares an excerpt from his interview with Steven Moreira, CCIM, CIPS, and CEO and sole stock-holder of the 4-Quadrant Magic Companies, who provides a comprehensive look at the financial markets, financing, and what is happening on the streets in the marketplace, right now in terms of funding and lending.
Link:
Moreira on Success: Be Flexible, Willing to Change and Never Stop Learning
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Here’s a tongue twister: If Sally sells short sales down by the sea shore how many sales will Sally sell short if Sally doesn’t close any short sales?
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Replace Short Sales With Your "New Homes" Team
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It’s about to get tougher to qualify for a Federal Housing Administration (FHA) mortgage, often considered the replacement loan for the collapsed subprime market.
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Tighter Requirements for FHA Loans Loom
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Research on how much the properties cost in the area when the real estate market was not yet down. This will identify how much profit you can make when you decide to sell the property in the future. Know the history of the property. The reason behind it being foreclosed or why it hasn’t been sold yet is some important things you have to know.
Make sure that the property is in a desirable part of town. High crime rates, unstable economy, and secluded areas are signs of a bad location. No one wants to live in a place where there are frequent robberies and killings. Make sure the property is a place that you would want to live in for the rest of your life.
Beware of unbelievably low prices, and extra friendly realtors. Properties that cost unrealistically low may have some catch. These kinds of properties may need a lot of repairs and a major revamping to make it investment worthy. Better inspect the property first to calculate how much you’re going to spend.
Most of all, investing in REO properties requires time and patience. Do not rush in or act on impulse. Always make an analysis first before jumping into conclusions. Make sure you are prepared and knowledgeable once you enter the business.
Happy Investing!
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If you’re tired of your landlord pestering you every month, then maybe it’s time to buy your own house.
Although renting a place only costs you to shell out a small amount of money every month, the down side is you don’t own it. Houses are assets that appreciate as time passes by and are primary investments. We all know that the “American Dream” includes owning a property. You can achieve that by buying an REO property today.
Lucky for you, there is a huge sale of real estate owned (REO) properties today. Their prices are very affordable that you can kiss your landlord goodbye today. Buying a home may actually be cheaper than renting today.
In buying an REO property, you will have many advantages. One is that you will have a wide range of choices because many homeowners have defaulted on their mortgage during the recession. Contrary to some reports, these properties are in good shape and are move-in ready. If you’re a first-time home buyer, an $8K tax credit awaits you the minute you buy a property.
So if you want to save more and secure your future, buying REO properties is the way to go.
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Today, many might have tightened their belts when it comes to their purchases. Small purchases substitute for larger and better buys. Their mantra is this: the little you spend, the more money you save. This might work but not as much as investing on a bigger and more important asset. Be not afraid to shell out money that will come back to you twice or even thrice as much. The key is investing in REO properties.
Real estate owned properties, or REO homes, are not only good for home buyers who want to save money. Investors can also benefit from these properties. Here’s why:
The housing business may have fallen hard during the recession, but is now poised to rise in the coming months. Investors ought to not be left behind. Invest today and build wealth through REO properties for a brighter future.
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