Missouri Housing Development Commission (MHDC) has lowered the interest rates on mortgages offered under its first-time homebuyer program. A 3.50 percent 30-year fixed rate mortgage is available to homebuyers not needing assistance with down payment and/or closing costs, while a 4.0 percent 30-year fixed rate mortgage is available to those buyers who do take advantage of cash assistance. These rates are the lowest ever offered by MHDC.
“10% Jump in September Existing-Home Sales”
10% Jump in September Existing-Home Sales
Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of REALTORS®.
How to Recognize a Buyers Market
Are you on the search for a new home? Are you a first-time home buyer ready to enter the market? Then a buyers market is right where you want to be!
Housing Starts Surge 10.5% in August, Permits Rise
Housing starts are up 25% from their bottom in April 2009. But they remain 74% below their peak in January 2006
Uncertainty could scare homebuyers from foreclosures
“GMAC Mortgage and JP Morgan Chase have already halted foreclosure proceedings in 23 states, following allegations that workers the companies employed failed to follow the proper legal procedures in filing paperwork related to judicial foreclosure proceedings.”
Making an Offer on a Short Sale? What You Need to Know
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale.
Selling Your Home for Less Than You Owe
The bank will discount the note allowing the seller to negotiate a price lower than the balance of the loan.
Stop Double Taxation
In Missouri we (www.yesstosavehomes.com) are asking the taxpayer to vote yes to amend the constitution to prohibit such taxation.
Framing a Modern Masterpiece International Design Competition Winner to be Announced in Two Weeks.
There were many goals of the competition and all five of the plans are of grand scale. You can view the designs on the website or at one of the 3 remaining traveling exhibits. Many have differing opinions regarding the best design but nearly everyone I talk to believes something needs to be done to “attach” the arch to the city.
Industy Insiders Present Home Buyer Webinar May 20th
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