By

Leslie Vanderwerf

Interest rates…4.5%????

There has been lots of talk in the last week about rates dropping to 4.5% to get the housing market moving.  This is not a "plan" that the Treasury Department...
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Interest rates…..how fast they can change!!

I hope everyone had a fantastic Thanksgiving!  Tuesday morning, November 25th, the Federal Reserve announced that they were going to purchase as much as $600 billion in debt and mortgage-backed...
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VA Loans..

Since this week was Veterans Day, I thought it would be a good time to remind people that veterans have the ability to qualify for a VA loan for homes. ...
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Fed cuts rates again…

The Fed met this week for their scheduled meeting and as expected, cut rates by 50 basis points.  They cut both the benchmark fed fund rate and also the discount...
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Mortgage news…

We were just notified yesterday that we can now go to 97% loan to value on condos!  That is wonderful news that should help buyers and sellers!  The biggest stumbling...
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The Bailout Continues…

While we wait to see what Congress does with the $700 billion bailout, real estate and mortgage business continue!!  Wednesday evening the Senate passed their version of the bailout and...
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Mortgage market rollercoaster!

What a week!!  Last week Fannie Mae and Freddie Mac were taken over by the government to help stabilize the housing market.  Rates dropped quickly with the news.  This week...
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Credit scores and down payments

As many are aware, low down payment mortgages are getting more difficult to get.  FHA is still available for those with credit scores as low as 580, possibly down to...
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