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Mortgage Blog covering all aspects of home buying and owning
December 2005 - Posts
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It's not surprising that there would be no definitive trend for mortgage interest rates at this time of year. Most of us are distracted with one or another holiday season, regardless of religious or cultural affiliation. So, the houses aren't selling Read More...
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Ever noticed how people will plan, sometimes for months, to buy a major electronic purchase? They work out the budget; they decide on exactly what features they want; they cruise stores looking for the right price; they haggle when it comes time to actually Read More...
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Well, like many others, we've planned to be away with friends and family over Christmas. Since we have to do a lot of travel to see everyone we want to see, we usually take a few days off at this time, and try to make the whole experience a bit less rushed. Read More...
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Freddie Mac and the Mortgage Bankers Association say that mortgages are down very slightly, since the last mortgage survey done by these two organizations. I'm back to thinking that it might be a good time to buy, especially if you are interested in a Read More...
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Well, the resale market around here is getting slower and slower -- the houses stay on the market longer, and the prices are giving way a bit. Of course, we've got snow and it's close to Christmas, so I suspect not much is going to happen until we are Read More...
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I've been seeing more of these signs around, and I'm wondering if the real estate business is starting to feel the pinch yet. The real estate industry, the National Association of Realtors (NAR) in particular, has been fighting charges of anti-competitiveness Read More...
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Well, Freddie Mac says mortgages are up; the Mortgage Bankers Association says they are down. And to all appearances, no one is quite sure what is going on in the housing or mortgage sector. This situation makes it very confusing for consumers. Should Read More...
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Well, my wife and I are about a month or so away from the arrival of Baby #2. And the clutter has started already. On top of that, my wife's energy level has dropped considerably (in direct proportion to her waist measurement's increase), and she isn't Read More...
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Are you completely confused yet? If my wife and I hadn't already decided on a course of action that we are both comfortable with, we certainly would be. I've never seen such a crazy mix of "the market is up", and "the market is down". Recently I've read Read More...
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So, you think you want to renegotiate? This is one time when your real estate agent will really earn that commission! You don't want to "confront" the owner; after all, the owner has a vested interest in keeping the price where it is, and likely will Read More...
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If you get a bad home inspection report on that house of your dreams, what do you do? First of all, your offer up front should have an inspection contingency that will give you some options at this point, including an opportunity to renegotiate your offer. Read More...
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Just when you thought that prices of homes couldn't go higher: The Office of Federal Housing Enterprise Oversight (OFHEO) announced on Tuesday that new limits will apply for loans that can be purchased by Freddie Mac and Fannie Mae. As of January 1, 2006, Read More...
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We're all trying to keep our costs of heating down, given that the price of oil doesn't drop as fast as it goes up... And, of course, this is also the season of highest demand for oil, so we aren't likely to see prices completely drop back to pre-Katrina Read More...
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So, did one of your friends buy one of these new homes that are selling like hot cakes on the market? If so, perhaps you should consider an appropriate Christmas gift -- one that ensures that your friend can deal with the new challenges that a new home Read More...
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Unbelievable as it may seem, with rising mortgage costs and falling prices in home-related stocks, new home sales actually set a new record in October! (Just when it seemed that all the 'experts' were starting to line up in a row...) It could be that Read More...
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Thinking about selling your home? There's a new real estate professional that appears to have sprung up around the country: your friendly neighborhood "home stager". The home staging service is designed to help you get the best price for your home, without Read More...
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