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A Small Drop in Rates

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week,while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent,[...]

Disclose Owner/Agent If Retired?

QUESTION:If a real estate agent has their license in retirement,is a owner/agent disclosure necessary when listing/selling their residence?

ANSWER:Yes,an agent should disclose and advertise that he is an owner/agent even though the license is retired. According to the Tennessee Real Estate Commission (TREC),the Commission is of the opinion that even [...]

Gains in Pending Sales

From NAR’s Research Division this past week:

*** BEGIN QUOTE *** Pending home sales have edged up,hinting at a possible pickup of sales activity in coming months,according to the National Association of REALTORS. The Pending Home Sales Index,a forward-looking indicator based on contracts signed in February,rose 2.1 percent to 82.1 from [...]