Real Estate Rebates Is What We Do
On September 18, the Federal Reserve slashed the key interest rate tied to home mortgages by 0.5% for the first time since June 2003. This move stimulated locked-up credit markets but has offered little relief for home buyers shopping for fixed-rate mortgages.
Lenders are still uncertain about the continuing subprime mortgage crisis and insist on lending […]
The national average on a conventional 30-Year Fixed mortgage is currently 5.98% , rates for a Jumbo 30-Year Fixed mortgage are substantially higher at 6.96%. Rates on the 15 Year Fixed mortgage are 5.64%. The conventional 5/1 ARM mortgage is trending down this week at 5.99% but still equal to long term fixed […]
Austin real estate statistics for August are in. Most of the country is experiencing a tremendous slowdown in the real estate market but the Austin market is going strong.
Compared to August 2006, home prices increased by 8 percent from $169,400 to $182,500. Home sales volume also increased by 6 percent year over year from 2,634 […]
Would you obtain a home loan from these guys?
Real Estate Commission Refund
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Read: A Sign of Subprime Times
A widely used metric in residential real estate is DOM (days on market). This statistic is available from the MLS and is a data point to help home buyers. Calculating DOM is straightforward when a home’s status changes from “active”, to “pending” and then “sold”.
For example:
A home is listed in the […]
There are many people today who find themselves in trouble with their home. You purchased a home with an adjustable rate mortgage. Now, the payments are increasing because interest rates are rising. You find that you can no longer afford the monthly payment. You are falling behind and now you’re facing the possibility of foreclosure. […]
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