Mack's Blog

LOW Rates Set New Record!
Mortgage interest has fallen to the lowest level since Freddie Mac began compiling its weekly survey in 1971, as the average 30-year fixed rate declined to 4.71 percent last week from 4.78 percent a week earlier.
Rates also were more attractive for 15-year fixed loans, which fell from 4.29 percent [...]

Seller Requesting FICO Scores, Etc.?
QUESTION: I represent a buyer who is interested in a particular property in the MLS. In the REALTOR Notes for that listing, it states, “All offers require a pre-qualification letter, FICO scores, copy of earnest money and must use closing company of seller’s choice.” Is it legal/ethical to ask for [...]

IRS Announces 2010 Mileage Rates Last week, the Internal Revenue Service (IRS) today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, [...]