| A recent Wall Street Journal article about the first-time homebuyer tax credit cautions buyers under contract to wait until after closing before purchasing appliances,furniture or similar items on credit.1 The article notes that some mortgage lenders are running credit reports on closing day,and even an additional credit inquiry (let alone [...] Long-Term Rates Closer to Record Low Thirty-year fixed mortgages moved closer to the all-time low of 4.82 percent reached in May,falling to 4.87 percent last week from 4.94 percent a week earlier,according to Freddie Mac. Homeowners who refinance have an opportunity to reduce their payment on a 30-year,fixed loan for $200,000 [...] Tennessee’s a Desirable Place to Live! A recently released Harris Interactive poll asked Americans where they would choose to live if they did not live in the state where they are now. 2,498 U.S. adults were surveyed online between August 10 and 18,2009,and Tennessee made the top 10! 1. California 2. [...] 1. Foreclosures Rise in Higher Price Ranges New data from Zillow.com shows that about 30 percent of foreclosures in June involved residences in the top 33 percent of local housing values,a gain from 16 percent at the start of the foreclosure crisis in 2006. Meanwhile,the bottom one-third of housing markets,by home [...] | |
