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Starting July 30, 2009, if the APR on an initial Good Faith Estimate is no longer accurate (within a 0.125% range) at close of escrow, a lender must generally provide a residential borrower with a new disclosure and a three-day right to rescind before consummating the loan. REALTORS(R) are forewarned that, because of this new three-day waiting ...
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So we had the joy of sitting with a really great couple over the weekend. This husband and wife were reviewing an offer that came in over the weekend on the home we are selling for them. We got to the part about the buyers loan, and they were really surprised how easy it was for this first time home buyer to finance their home. The buyer is ...
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Freddie Mac says housing sales are near bottom
Frank Nothaft, chief economist of Freddie Mac, said on Saturday that housing
sales are nearing a bottom, with foreclosures accounting for a third of all
sales. But you knew there's a "but" coming, right? Yup...Nothaft added that
unemployment and house price declines will ...
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Interest Rates are Great
30 Year Fixed 5.52%
15 Year Fixed 5.01%
5/1 Arm 5.07%
30 Year Fixed Jumbo 6.60%
5/1 Jumbo Arm 5.66%
Thank You to Bankrate.com for providing the rates!
Can you believe these great rates?? If you are planning to buy a home in the ...
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