Rates are a major consideration when you’re shopping for a mortgage. After all, you want to find the best one available. You also want to be sure that you are not only able to handle the monthly payments now, but also throughout the life of the loan. Click link for full article
Green Gifting Ideas That Save Year Round
If you are not into giving a neck tie or gift cards this year, think about these two nifty presents. First up- what $50 investment can you make that can possibly pay you back in one month? Investigate a programmable thermostat! For home owners it’s hard to save money on energy costs if you don’t […]
S.1944 A bill to create jobs
Washington Watch- Going Down To The Wire Update: Last week it looked like the extension of the payroll tax cut from 2011 was sure to pass Congress. It’s worth about $1000-$1500 to the average taxpayer. Now there are competing bills and the usual beltway bickering back and forth as to who is on the side […]
House Committee Passes Mortgage Reform Bill
The U.S. House Financial Services Committee approved legislation on Tuesday creating new consumer protection standards in the mortgage industry. The bill drafted by Rep. Barney Frank (D-Mass.) would: Ban lenders from making loans that borrowers don’t have the ability to repay. Prohibit lenders from steering home owners into refinanced mortgages that don’t provide any benefit. […]
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,911* Expired listings, price adjustments, and removed listings…..3,985* Closed sales, under contract firm and contingent…..1,821* Current properties for sale…..30,159* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.
Market Perspective
This is a well written article explaining why the news is bad and the market is good. Interestingly the market continues at a pace only slightly off it’s best ever while some analysts would have us believe market conditions are extremely bad. Economy in Focus BY ROBERT FREEDMAN Beneath Market Punditry, Underlying Strength With some 5 percent of subprime mortgage borrowers facing […]
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,455* Expired listings, price adjustments, and removed listings…..3,331* Closed sales, under contract firm and contingent…..1,497* Current properties for sale…..30,764* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.
Weekly Residential Activity Report for St. Louis Metro Real Estate
Newly listed properties and properties back on the market…..1,687* Expired listings, price adjustments, and removed listings…..3,849* Closed sales, under contract firm and contingent…..1,492* Current properties for sale…..30,932* *Numbers obtained through the Mid America Regional Information Systems MLS and represent activity for the past 7 days.
NAR: Mortgage Conditions Bode Well for Housing
Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®. Lawrence Yun, NAR vice president of research, notes that widening credit availability will help turn around home sales. “Conforming loans are abundantly available at […]
Mortgage Applications Rise Despite Higher Rates
Mortgage applications rose last week after falling for three weeks, according to the Mortgage Bankers Association weekly survey. The Market Composite Index, a measure of mortgage loan application volume, was 652.0, an increase of 2.4 percent on a seasonally adjusted basis from 636.7 the previous week. On an unadjusted basis, the index increased 2.4 percent […]