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July 2010 - Posts

Thursday, July 29, 2010 12:25 PM

Update on 30 year Mortgage Rates

Miami, Fl -- According to real estate website Zillow.com , interest rates on a 30 year fixed rate mortgage went higher this past week but still remained historically low. Low interest rates on mortgages will help lift home loan refinancing activity and
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Friday, July 23, 2010 9:23 AM

Price Reduced on 3213 Myrtle Ave Brunswick Georgia 31520 in Eastview

Eastview, Brunswick - Announcing a price reduction on 3213 Myrtle Ave Brunswick Georgia 31520, a 1,300 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $142,000 - Well maintained home. Property information
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Friday, July 23, 2010 9:20 AM

Price Reduced on 206 Sutherland Drive in Marshes of Mackay

Marshes of Mackay, Brunswick - Announcing a price reduction on 206 Sutherland Drive, a 2,250 sq. ft., 2 bath, 4 bdrm single story "Large lot with Privacy". Now MLS® $225,000 - Motrivated Seller. Property information
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Wednesday, July 21, 2010 1:21 PM

Fannie Mae Reviews Last-Minute Credit Checks

Fannie Mae announced last week that it is reviewing the rule it put in place earlier this year requiring lenders to do a second credit check shortly before closing. The goal of the rule is to identify new debt that might undermine an applicant’s
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Wednesday, July 21, 2010 1:19 PM

Buyers Should Shop for the Best Rate

Anyone shopping for a new mortgage these days should shop around, says Cameron Findlay, chief economist for LendingTree . Although mortgage rates look astoundingly low, the spread between what the bank receives and what it pays investors has actually
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Wednesday, July 21, 2010 1:17 PM

Did the Housing Credit Attract New Buyers?

At least one noted economist doesn’t believe that the home buyer tax credit brought new buyers into the market. Milton Ezrati, a senior economist and market strategist at Lord Abbett, argues that the credit only encouraged buyers to rethink their
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Friday, July 16, 2010 11:17 AM

Senate Passes Wall Street Reform

The Senate in a 60-39 vote passed landmark legislation to create new oversight structures for financial services firms and increase protection of consumers with a new Consumer Financial Protection Bureau. The 2,300-page bill, called the Dodd-Frank Wall
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Thursday, July 15, 2010 4:57 PM

Treasury Secretary Defends Recovery Efforts

U.S. Treasury Secretary Timothy Geithner in a PBS television interview on Tuesday defended government efforts to reduce foreclosures. He said the federal programs helped millions of families stay in their homes because of reduced monthly payments, while
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Thursday, July 15, 2010 4:53 PM

Mortgage Rates Hit Another Record Low

The average interest on a 30-year fixed mortgage dipped to a new record low of 4.57 percent this week — down from 4.58 percent a week ago, according to Freddie Mac, which began tracking rates in 1971. Still, the low rates may not provide much of
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Thursday, July 15, 2010 4:46 PM

Home Prices Continue Gains Over 2009

U.S. home prices, including distressed sales, increased by 2.9 percent compared to the same month last year, according to CoreLogic in its monthly index. May was the fourth straight month prices showed a year-over-year increase. "Home price appreciation
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Monday, July 05, 2010 1:08 PM

States Attract Retirees With Favorable Taxes

States are wooing retirees with tax breaks. On average, retirees pay only half the state income tax levied on working-age people, according to researchers at the University of New Hampshire and Georgia State. Seven states — Alaska, Florida, Nevada,
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