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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,[...] 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 [...] Earlier this year,Congress passed the American Recovery and Reinvestment Tax Act of 2009 (”2009 Tax Act”). In division B,Title I,Section 1006,there is a provision for a First Time Homebuyer Tax Credit (Form 5405) up to $8,000 or 10% of the purchase price. This act provides for an exception for principal residences [...] The National Association of REALTORS says over 50 percent of March’s home sales were tied to first-time buyers,many of whom snapped up foreclosed homes and other distressed properties. Experts believe getting first-time buyers off the sidelines to take advantage of historically low interest rates and federal tax credits will reduce the glut of homes [...] Realogy CEO Richard A. Smith was a featured speaker at the prestigious Milken Institute 2009 Global Conference on April 28 as part of a lively panel titled “Jump-Starting the Housing Market.” During the hour-long panel discussion,Smith stated that while the Obama administration has focused on the foreclosure issue,the solution to the problem is [...] 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,[...] 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 [...] Looking for a lake front lot to build your dream home on? Do you like Tennessee? Would you like to build in Tennessee on Tims Ford Lake? Then take a look at this lot. Visual Tour of Lot Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.87 percent during the week ended April 9 from record lows posted during the last couple of weeks. The 15-year fixed mortgage rate climbed to 4.54 percent from 4.52 percent. Meanwhile,the five-year hybrid adjustable rate bumped up to 4.93 percent from [...] With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries,Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-YEAR LOW OF 4.85 PERCENT during the week ended March 26 from 4.98 percent the prior [...] |
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| CENTURY 21 Mid-State Realty L.L.C. 50 West College Street,Monteagle,TN 37356 Phone:(931) 924-2101 or (931) 967-4321 32 queries. 0.580 seconds. | ||||||
