Buyers of Foreclosures Need to Act Fast

Some Buyers of Real Estate feel that if there is a lot of interest on the house they rather pass on it because they “don’t to get in a bidding war”.  That might be a mistake. The best properties, listed at competitive prices generate a lot of interest, and you might be passing out on a home that you like, that you could possibly get at a bargain price.

I don’t know what your experience is, but I have to strongly and passionately pursue  everything I really want out of life.  The attitude of “it will be if it’s meant to be” has never worked for me. Sure I have faith, and I pray, but I also go for it. It is fine if something does not work out as I planned, but at least I know I gave it my best shot.

Now that the market is changing, it is very important to go after the good deals, act fast, and yes, get into the bidding wars. I’ll help you “fight for it”.

Read more……

Buyers of Foreclosures Need to Act Fast.

I love what I do. You’ll love the results.

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For Third Week, Mortgage Rates Inch Higher

Fixed-rate mortgages once again inched up this week, the third consecutive week of increases after reaching all-time lows, Freddie Mac reports in its weekly mortgage market survey.

“The latest economic indicators point toward low inflation but gradually stronger economic activity which placed further upward pressure on long-term Treasury yields and, in turn, fixed mortgage rates,” Frank Nothaft, Freddie Mac’s chief economist, said about why mortgage rates have been reversing course in recent weeks.

Here’s a closer look at mortgage rates for the week ending Aug. 16:

  • 30-year fixed-rate mortgages: averaged 3.62 percent, with an average 0.6 point, this week, increasing from last week’s 3.59 percent average. A year ago at this time, 30-year rates averaged 4.15 percent.
  • 15-year fixed-rate mortgages: averaged 2.88 percent, with an average 0.6 point, rising from last week’s 2.84 percent average. Last year at this time, 15-year rates averaged 3.36 percent.
  • 5-year adjustable-rate mortgages: averaged 2.76 percent, with an average 0.6 point, falling slightly from last week’s 2.77 percent average. Last year at this time, 5-year ARMs averaged 3.08 percent.
  • 1-year ARMs: averaged 2.69 percent, with an average 0.4 point, rising from last week’s 2.65 percent average. A year ago at this time, 1-year ARMs averaged 2.86 percent.

Source: Freddie Mac/Realtor Mag

Home Prices Perk Up

It’s what all home owners have been waiting for. For the last 12 months ending in May, U.S. home prices have increased 3.7 percent, according to the Federal Housing Finance Agency’s latest House Price Index. Read more….

Home Prices Perk Up.

In Nearly Every Major City, Buying Trumps Renting

New study shows that buying is more beneficial than renting. Allow me to assist you with your home search. Not enough downpayment? No problem. There are 100% financing options available. Contact me today.
Nina higdon
Charles Rutenberg Realty, Inc.
nna@besthouses2go.com

SEARCH FOR PROPERTIES AT besthouses2go.com

Click on the link below to read the entire story.

In Nearly Every Major City, Buying Trumps Renting.

Glad to see interest rates will remain low

This past Tuesday at its meeting, the Federal Reserve reaffirmed its pledge to keep interest rates low. The housing sector remains depressed, affordable prices and attractively low interest rates will continue to help buyers and sellers of real estate.

The other thing we desperately need is for the banks to move faster on short sales and foreclosures that continue to hurt families, communities and markets.

Owe more on your mortgage than your house is worth?

Having problems keeping up with your monthly payments? If you are, you have company, several millions of your fellow americans are in the same situation. There are several different plans to help you. I’m an experienced Real Estate Consultant with an SFR certification, (short sale and foreclosure resource). Contact me for a no obligation, free consultation and process.

Thanksgiving is gone, back to normal

At least for a little while, until Christmas and New Year. Looking forward to it.

The good news is that the National Association of Realtors figures show that existing home sales improved slightly in October by 1.4%.

Home prices are still being affected by economic conditions and tight credit standards, but able and willing buyers are taking advantage of affordability in most areas.

For more details about market conditions please contact me directly,
nina@besthouses2go.com