Thanks,
JOHN ROSE
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john@johnjrose.com www.johnjrose.com www.google.com/profiles/jrosegslimo ---------- Forwarded message ----------
From:
REALTOR(R) Magazine Online <NAR@newsletters.realtor.org> Date: Fri, Mar 5, 2010 at 3:14 PM
Subject: Weekly Real Estate News
To:
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 | | | | |  | |  | Buyers Who Wait May Lose a Lot
The end of low mortgage rates, rising home prices in some places, and the expiration of the tax credits make this an ideal time for many potential buyers to act.
Read more > | | | Winter Weather Hurts Pending Home Sales
NAR's Pending Home Sales Index fell in January, which may be partly due to the severe winter weather that hit large sections of the United States.
Read more > | | | Fannie Mae Seeks Another Bailout
Fannie Mae is asking for another $15.3 billion from the federal government in order to continue offering mortgage funding.
Read more > | | | Without Tax Credits, Housing Market Is Flat
Housing economist Tom Lawler says job growth and affordable interest rates will drive improving home sales.
Read more > | | | Buyers Should Consider Prepaying Mortgage
Paying down a mortgage early may provide a better return than other investments, according to real estate experts.
Read more > | | | HARP Receives a One-Year Extension
The federal government's Home Affordable Refinance Program, aimed at borrowers with little or no equity in their homes, will now expire in June of 2011.
Read more > | | | Move-Up Tax Credit Having Little Impact
Industry experts are criticizing the $6,500 move-up tax credit for having little influence on sales as January to February numbers remain stagnant.
Read more > | | | Foreclosed Borrowers May Get Loans Again
Home owners who walk away from their houses or are foreclosed upon may be able to get a mortgage again, and sooner than might be expected.
Read more > | | | 30-Year Rates Dip Back Below 5 Percent
Average rates for conventional mortgages dropped this week, causing a spike in refinancing activity.
Read more > | | | Head of FDIC Supports Loan Write-Downs
Sheila Bair, chair of the FDIC, says writing down principals on mortgages could be an effective way to help underwater home owners.
Read more > | | | It's Getting Easier to Get a Jumbo Loan
Interest rates on 30-year fixed-rate jumbo loans fell in the last couple of weeks to a five-year low.
Read more > | | | Boomers Ready for Retirement Housing
Analysts believe that more retirees are looking to purchase residences in retirement homes and are motivated by falling prices.
Read more > | | | | | | |
   
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