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November 2010 - Posts

Monday, November 29, 2010 11:26 AM

New Lending Guidelines Benefit Young Borrowers

Under Fannie Mae's new lending guidelines, which will take effect Dec. 13, securing a mortgage will become easier for some borrowers and more difficult for others. These new rules will allow buyers to use gifts and grants from nonprofit groups for
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Monday, November 29, 2010 11:25 AM

Mortgage Purchase Applications Hit 6-Month High

Mortgage applications to purchase homes increased 14.4 percent last week on an adjusted basis compared to the previous week, according to the Mortgage Bankers Association weekly survey. The unadjusted Purchase Index increased 9.6 percent compared with
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Monday, November 29, 2010 11:22 AM

Jobs, Lending Key in Market Recovery

Low interest rates are not enough to bring the market into full recovery, real estate prognosticators say. Kenneth Rosen, chair of the Fisher Center for Real Estate at the University of California, Berkeley, points to pent-up demand and cheap loans as
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Friday, November 26, 2010 2:23 PM

Single Story For Sale in Cates Bounty

Cental location to beaches and downtown • 1,600 sq. ft., 2 bath, 3 bdrm single story "Lake front" - MLS® $150,000 - Well maintained home Cates Bounty, Brunswick - This three bedroom and two bath lake front home is located in the heart
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Friday, November 26, 2010 2:23 PM

Price Reduced on 143 Easy Street in Cates Bounty

Cates Bounty, Brunswick - Announcing a price reduction on 143 Easy Street, a 1,600 sq. ft., 2 bath, 3 bdrm single story "Lake front". Now MLS® $150,000 - Well maintained home. Property information
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Friday, November 26, 2010 2:18 PM

Price Reduced on 135 Baywood Circle in Timber Ridge

Timber Ridge, Brunswick - Announcing a price reduction on 135 Baywood Circle, a 2,200 sq. ft., 2 bath, 3 bdrm single story "Brick home". Now MLS® $175,000 - Interest rates are low !!. Property information
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Friday, November 26, 2010 2:13 PM

Existing-Home Sales Decline in October

Existing-Home Sales Decline in October Existing-home sales retreated in October on the heels of two strong monthly gains, according to the National Association of REALTORS ® . Existing-home sales , which are completed transactions that include single-family,
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Tuesday, November 16, 2010 10:03 AM

Buyers,Sellers and Investors are you ready?

Location, location, location. In the latter half of 2011 that adage should come back into vogue. But first, more declines. C'mon, you're thinking, you've been hearing for months that prices have been more or less stable nationwide. True, but
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Monday, November 15, 2010 12:38 PM

Foreclosures Fall 4 Percent in October

Foreclosures declined by 4 percent in October compared to September, putting the level of foreclosures exactly where it was a year ago, one in every 389 homes in some stage of foreclosure, according to foreclosure sales site RealtyTrac. RealtyTrac CEO
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Monday, November 15, 2010 12:34 PM

Mortgage Rates Continue Record Slide

Freddie Mac reports that rates on fixed mortgages again fell to their lowest levels in decades this past week, with the average interest on 15-year loans dipping to 3.57 percent from 3.63 percent a week earlier, and the average interest for 30-year loans
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Wednesday, November 10, 2010 1:14 PM

Price Reduced on 118 Mackqueen Drive in Marshes of Mackay

Marshes of Mackay, Brunswick - Announcing a price reduction on 118 Mackqueen Drive, a 3,200 sq. ft., 5 bath, 5 bdrm bi-level "Unique floor plan". Now MLS® $289,900 - A House of "Joy". Property information
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Monday, November 08, 2010 12:28 PM

Fed's Aggressive Policy Sparks Critics

Is history is going to repeat itself? When the Federal Reserve announced Wednesday that it intended to buy $600 billion in Treasury securities through June, it also signaled that it could make more purchases after that if unemployment remained too high
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Tuesday, November 02, 2010 3:12 PM

Price Reduced on 333 River Ridge Rd in Brunswick

Brunswick, Glynn County - Announcing a price reduction on 333 River Ridge Rd, a 3,444 sq. ft., 4 bath, 4 bdrm 2 story "Master main floor". Now MLS® $300,000 - Interest rates are low !!. Property information
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Tuesday, November 02, 2010 10:12 AM

3 New Anti-Foreclosure Strategies

Here are three programs that are considered promising replacements for the government’s Home Affordable Modification Program (HAMP), which has failed to stop foreclosures. · Fannie Mae and Freddie Mac would be encouraged to refinance loans
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Tuesday, November 02, 2010 10:07 AM

Remodeling the Laundry Room Can Add Value

Remodeling a laundry room can add a surprising amount of appeal and value to a home. Here are some key steps: · Pick a decorating style. A laundry room doesn’t have to be institutional. Giving it personality increases appeal. · Add
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