Tag Archives: Mortgage Rates

Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 13. Aug, 2010 by Sherry Chris.

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Social media’s power in capturing the public’s imagination was in full display again this week when a Jet Blue flight attendant quit his job after he “hurled obscenities at passengers over the airliner’s PA system, then deployed the inflatable emergency chute, slid down and fled.”  He instantly became an Internet sensation, spawning a Facebook page [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 21. May, 2010 by Sherry Chris.

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This week, we are starting to see the first inklings of what a post-tax credit real estate market looks like. Numbers out this week show that mortgage rates fell to the lowest level in months, mortgage applications fell to the lowest level in 13 years and new building permits were down 11.5 percent. But, there [...]

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What’s Happening with Rates?

What’s Happening with Rates?

Posted on 20. May, 2010 by Rick Gregory.

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I spend a lot of time with our franchisees discussing both macro and micro economic trends in various parts around our great country.  During a recent conversation regarding home affordability, a sales associate asked what causes mortgage rates to change so quickly.  This particular sales associate is newer to the business and apparently, just had [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 07. May, 2010 by Sherry Chris.

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Of course, last Friday was the long anticipated deadline of the home buyer tax credits. While it did cause last minute deals to hurry in and reportedly boosted monthly sales 5.3 percent in March, the results were far less significant than many anticipated. We think this is good news, as it shows the tax credit [...]

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Next Step!

Next Step!

Posted on 05. May, 2010 by Rick Gregory.

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Last week, the tax credit expired. Is that good or is that bad? California has made their decision to state-fund their version of a tax credit in an attempt to continue to drive their housing market – but what about everyone else?

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 23. Apr, 2010 by Sherry Chris.

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We talked a lot last week about the swirling arguments in the real estate industry. This week, it seems as if we are starting to see some solutions. Fannie Mae is reducing the waiting period by two years for distressed borrowers to become eligible for a new mortgage. Great news for those who can take [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 02. Apr, 2010 by Sherry Chris.

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The news last week from the Obama Administration on new initiatives to help troubled homeowners definitely left the real estate industry whirling over what would come next. The good news is that the federal government will not need any more money as it hasn’t come close to using all of the TARP money set aside. [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 26. Mar, 2010 by Sherry Chris.

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What a busy week! Health care reform, believe it or not, was not the only thing happening (although the flurry of articles surrounding it may have fooled you). The Obama administration announced broad new initiatives to help troubled homeowners, potentially refinancing millions of them into fresh government-backed mortgages with lower payments. There was also much [...]

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Ten Years of Change Can Mean Not Much Change at All

Ten Years of Change Can Mean Not Much Change at All

Posted on 31. Dec, 2009 by Sherry Chris.

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In anticipation of another decade coming to an end, I began to ask people within the industry where they were 10 years ago, and what has changed for them and the industry. I remember   being corporate sponsor for my company’s Y2K initiative in 1999. The world was worried that all computers would crash when [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 11. Dec, 2009 by Sherry Chris.

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Maybe it seems self serving, but to me the biggest news of the week is that we have doubled our size with the new affiliation of Metro Brokers! With this one partnership, we have added 28 office locations and nearly 2,300 agents. Wahoo! Moving on to other news… Historic low mortgage rates and government incentives [...]

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Spring Comes Early!

Spring Comes Early!

Posted on 10. Nov, 2009 by Rick Gregory.

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According to the 2010 Farmers’ Almanac, this coming winter “a large area of numbingly cold temperatures will predominate.”  However, I suspect the warming effects of the extension of the Homebuyers Tax Credit will make for a very “hot” winter in real estate. You don’t need an almanac to know that traditionally, the months of December, [...]

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