Mack's Blog

New Home Sales Are Up The Commerce Department reports that new-home sales grew in July at the fastest pace in 10 months. Volume climbed 9.6 percent — the most since February 2005 — to an annual rate of 433,000, topping economists’ estimates of 390,000. Also, the median price of a new home slipped 0.1 percent [...]

Long-term mortgage rates bumped up slightly this past week, but they remain near record lows. Freddie Mac reported that average interest on a 30-year fixed loan was 5.14 percent, up from 5.12 percent a week ago. Rates for 15-year home loans, meanwhile, rose to 4.58 percent from 4.56 percent last week. [SOURCES: Freddie Mac; Information, [...]

I did not know this but I usually roll windows down and let air blow through the car before turning a/c on anyway. Car A/C (Air Conditioning) MUST READ!!! Please do NOT turn on A/C as soon as you enter the car. Open the windows after you enter your car and turn ON the air-conditioning [...]

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.22 percent during the week ended Aug. 6 from 5.25 percent the prior week. Over the same period, the 15-year fixed-mortgage rate slipped to 4.63 percent from 4.69 percent. As for adjustable-mortgage rates, the five-year fell to 4.73 percent from 4.75 percent, and [...]

(August 3, 2009) — There have been several new developments in real estate at a national level which will impact Realtors® in writing offers. These include the Home Valuation Code of Conduct (“HVCC”) which is applicable to appraisers, the Truth in Lending Act (“TILA”), the Home Ownership and Equity Protection Act (“HOEPA”) and Regulation Z [...]

Do you know the legend of the Cherokee Indian youth’s rite of Passage? His father takes him into the forest, blindfolds him and leaves him alone. He is required to sit on a stump the whole night and not remove the blindfold until the rays of the morning sun shine through it. He cannot cry [...]