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Quick! Take That Low-Interest Rate Holiday One holiday Blue Light Special appears to be working. Interest rates are as low as they been since Freddie Mac started tracking them, refinancing applications are soaring and home buys are on the move. Freddie Mac on Christmas Eve said the 30-year fixed-rate mortgage (FRM) averaged 5.14 percent for the week ending Dec. 24, 2008. That's the lowest the rate has been since Freddie Mac started the Primary Mortgage Market Survey in 1971. The 15-year rate averaged 4.91 percent. Five year hybrid adjustable rate mortgages (ARMs) were higher at 5.49
Mortgage Rates U.S. averages as of December 24, 2008:30 yr. fixed: 5.14%15 yr. fixed: 4.91%1 yr. adj: 4.95%30 yr. jumbo: 6.98%-->
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percent, but 1-year ARMs were below 5 percent at 4.95 percent nationwide and even lower 4.75 in the Northeast and Southwest. With all the money you've been saving on reduced holiday spending
Wondering What Your Home Is Worth?Let me show you.
What's In, What's Out with Home Buyers in 2009? Mark Nash, author of four real estate books, has completed his annual survey of 839 real estate agents in all fifty states in the US and the eight provinces of Canada. What's in, what's out with Homebuyers illuminates what's popular or what sours homebuyers in both the home purchase or sale transaction and home decor. Compiled annually from-the-trenches, it offers a spectrum of tips that cover reality of buying a home and design no-no's for home sellers and buyer must-haves. What's IN
Sidelined home buyers. Family or lifestyle additions or changes made in buyers households in the last three years are forcing those waiting out the market transition to finally get off the fence and say, it's time for our family to buy the new home that suits our new needs.
Home uplifts. Not a big renovation, but some new finishes that can visually holdover stay-put home sellers. Not a gut rehab to the studs new kitchen, but new
Fix Housing First Coalition Seeks To Revive Economy The National Association of Home Builders (NAHB) is spearheading Fix Housing First, one of the largest coalitions of housing advocates ever assembled in the United States, to push for a housing recovery plan that will revive the economy. "If we are going to successfully pull our nation out of recession, we must address housing first," said NAHB President and CEO Jerry Howard. Fix Housing First, which consists of more than 600 organizations, home building companies and manufacturers continues to add new members on a daily basis, is pressing for a major stimulus package to stem the decline in home values, stabilize financial markets and reignite consumer demand. To get the economy moving again, the coalition is urging Congress to support enhancements to the home buyer tax credit and provide below-market 30-year fixed-rate mortgages for home purchases. "If Congress enacts a meaningful tax credit, coupled with an aggressive interest rate buy-down program, we are confident that these measures will help to stabilize home prices, prevent future foreclosures, restore consumer confidence and start creating jobs," said Howard.
Still Many Happy ReturnsFor Home Rehabs Despite home price drops in many cities, remodeling projects are holding their own as a way for owners to add value. Many people are wondering where their money will be safest during these uncertain economic times. Experts still advise investing in your home still pays off. National Association of Realtors® (NAR) statistics show that home prices have fallen by an average of 7 percent nationally in the past year. But the value of home owners’ investment in remodeling projects has declined only 3.86 percent on average between 2007 and 2008, according to Remodeling’s 2008–2009 Cost vs. Value Report. Remodeling produces the Cost vs. Value Report each year in cooperation
Daily News and Advice -->Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Bonnie Fagoh E-mail: email@example.comWeb: http://www.TampaCoastalHomes.com813-390-7606
Century 21 Beggins Enterprises813-658-13446542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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