January 2011 Blog Posts (10)

What is true about real investors?

A proficient real estate investor comes from having mastered the areas of the real estate business. You have to feel the business' conditions to enhance your knowledge regarding investing. Similarly, putting one’s feet in the shoes of investors who are now making heaps of dollars out of the business can help you avoid probable mistakes once you get started. Looking for valuable instructions that can help you in the long run can also be of utmost significance. To be reminded…

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Added by Johnny Flewellen on January 25, 2011 at 11:12pm — No Comments

Mortgage Bankers Weekly Update: Mortgage Purchase Applications Increase

Mortgage Bankers Association for the week of 01/12/2010



Market Composite Index: (loan application volume) increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week



Refinance Index: increased 4.9 percent from the previous week. The seasonally adjusted Purchase Index decreased 3.7 percent from one week…

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Added by Your Property Path on January 23, 2011 at 10:01pm — No Comments

Freddie Mac Weekly Update: Mortgage Rates Down for Second Week

<p><strong>30-year fixed-rate mortgage:</strong> Averaged 4.71 percent with an average 0.8 point for the week ending January 13, 2011, down from last week when it averaged 4.77 percent. Last year at this time, the 30-year FRM averaged 5.06 percent.<br /> <br />

<strong>The 15-year fixed-rate mortgage:</strong> Averaged 4.08 percent with an average 0.7 point, down from last week when it averaged 4.13 percent. A year ago at this time, the 15-year FRM… Continue

Added by Your Property Path on January 23, 2011 at 10:00pm — No Comments

Existing Home Sales are UP UP UP. The most increase since May 2010 and higher than expected.

Finally a little bit of good news in the housing sector.  Bloomberg is posting that closings on "existing homes" (leaves out new construction) are up 12 percent.  That is higher than expected.  Get the full scoop here.

http://www.bloomberg.com/news/2011-01-20/existing-u-s-home-sales-jump-to-seven-month-high-as-buyers-lock-in-rates.html

Added by Matt Gerchow on January 21, 2011 at 6:45am — No Comments

Fannie Mae and Freddie Mac Government Reform seems to not be working.

From sources deep inside Fannie Mae, it appears that there are internal investigations going on regarding the signing of documents, without home-owers awareness. While investigations continue, MarketWatch has released the following.

 

WASHINGTON (MarketWatch) — The White House is unsure about how to go about reforming troubled housing giants Fannie Mae and Freddie Mac and a soon-to-be-released Obama administration report will reflect that uncertainty, regulatory observers were…

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Added by Matt Gerchow on January 20, 2011 at 11:44am — No Comments

Eight (8) States are Running Out of HomeBuyers

Seems after everything is said and done, there are more homes available than there are qualified buyers.

That makes sense, considering the banks were giving $400k loans to supermarket workers just 4 years ago.

I have seen people that are admin assistants buy $600k homes... all in order to keep up with the Jone'ses.

Here is a link to the detailed list of states that are running out of buyers. …

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Added by Matt Gerchow on January 19, 2011 at 7:05am — No Comments

Mortgage Bankers Weekly Update: Mortgage Refinance Applications Increase

Mortgage Bankers Association for the week of 01/12/2010



Market Composite Index: (loan application volume) increased 2.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 47.5 percent compared with the previous week



Refinance Index: increased 4.9 percent from the previous week. The seasonally adjusted Purchase Index decreased 3.7 percent from one…

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Added by Your Property Path on January 15, 2011 at 8:42pm — No Comments

Freddie Mac Weekly Update: Long and Short- Term Mortgages Drop This Week

30-year fixed-rate mortgage: Averaged 4.77 percent with an average 0.8 point for the week ending January 6, 2011, down from last week when it averaged 4.86 percent. Last year at this time, the 30-year FRM averaged 5.09 percent.



The 15-year fixed-rate mortgage: Averaged 4.13 percent with an average 0.8 point, down from last week when it averaged 4.20 percent. A year ago at this time, the 15-year FRM averaged 4.50 percent.



Five-year… Continue

Added by Your Property Path on January 15, 2011 at 8:41pm — No Comments

Freddie Mac Weekly Update: Mortgage Rates Stable



30-year fixed-rate mortgage: Averaged 4.86 percent with an average 0.8 point for the week ending December 30, 2010, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 5.14 percent.



The 15-year fixed-rate mortgage: Averaged 4.20 percent with an average 0.8 point, up from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.54…

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Added by Your Property Path on January 5, 2011 at 7:03pm — No Comments

Mortgage Bankers Weekly Update:Mortgage Applications Increase the Week After Christmas

Mortgage Bankers Association for the week of 01/5/2010



Market Composite Index: (loan application volume) d ecreased 3.9 percent on a seasonally adjusted basis from the prior week. For the week ending December 31, 2010, this index increased 2.3 percent on a seasonally adjusted basis.



Refinance Index: decreased 7.2 percent from the previous week and the seasonally adjusted Purchase Index increased 3.1 percent from one week… Continue

Added by Your Property Path on January 5, 2011 at 7:02pm — No Comments

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