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Friday, January 22, 2010

Weekly News: FHA Toughens Down Payment Rules

Thanks,

JOHN ROSE
REALTY ASSOCIATES
561-414-0012 PHONE
561-210-7111 FAX  
john@johnjrose.com
www.johnjrose.com


www.google.com/profiles/jrosegslimo


---------- Forwarded message ----------
From: REALTOR(R) Magazine Online <NAR@newsletters.realtor.org>
Date: Fri, Jan 22, 2010 at 2:14 PM
Subject: Weekly News: FHA Toughens Down Payment Rules
To: john@johnjrose.com


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January 22, 2010

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FHA Toughens Down Payment Rules
Borrowers with credit scores below 580 will have to put down at least 10 percent, while those with higher scores can continue with a minimum down payment of 3.5 percent.
Read more >
Tax Credit Ignites Early Spring Selling Season
The increase in home buying activity that normally starts in March is starting to pick up now as buyers eye the expiration date of the extended and expanded tax credit.
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NAR and Lowe's Donate Relief Aid to Haiti
Former Good Neighbor Award winner Patrick Moore will receive some of the funds to deliver clean water and medical care to the devastated country.
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Good Neighbor Award Winner Heading to Haiti
Patrick Moore, a 2007 Good Neighbor Award recipient, is preparing for his 64th trip to Haiti in the wake of the earthquake that recently devastated the island nation.
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30-Year Mortgage Rates Slide Below 5%
Rates fell for the third straight week, creating an attractive lure to potential buyers still on the fence.
Read more >
Easy Changes Your Web Visitors Will Love
In a nutshell, it's about your customers, not about you. Improvements such as a new URL, more property photos, and testimonials will make a big difference.
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The White Lies Some Sellers Tell
In this market, some sellers aren't as honest as they should be. Here's a short list of common misrepresentations.
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Modest Recovery Seen for New Homes in 2010
The recovery won't be robust, but forecasters at the International Builders Show predict new home sales will increase 33 percent this year while resales will jump 7 percent.
Read more >
10 Cities Where It's Smarter to Buy
Did your city make the list? Forbes provides a list of its picks for best places to buy right now.
Read more >
4 Tips for Taking Better Real Estate Photos
Take the guesswork out of great photography. Here are some quick, easy tips for capturing your listing from its very best angle.
Read more >

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