| 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 [...] 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 [...] 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,[...] :Start NAR Frequently Asked QUESTIONS Homebuyer Tax Credit Changes National Association of REALTORS®Government Affairs Division 500 New Jersey Avenue,NW,Washington DC,20001 Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit QUESTION:Existing homeowner credit:Must the new house cost more than the old [...] Tennessee Foreclosures Still on the Rise As reported at this week’s Governor’s Housing Summit: *** BEGIN QUOTE *** Foreclosures are still on the rise in Tennessee. In the second quarter of 2009,Tennessee reported 10,477 foreclosure filings,a one percent increase from the previous quarter (Q1_09). There was one foreclosure filing for every [...] Don’t know if this really works but like it says,what have we got to lose! Subject:Onions Worth Reading In 1919 when the flu killed 40 million people there was this Doctor that visited the many farmers to see if he could help them combat the flu. Many of [...] As she stood in front of her 5th grade class on the very first day of school,she told the children an untruth. Like most teachers,she looked at her students and said that she loved them all the same. However,that was impossible,because there in the front row,slumped in [...] 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. [...] | |