Top 5 real estate posts of the day for 6/3/20091) Pending home sales up for three months in a row – Of course all real estate is local and your market may be different, but its a good sign from where we were a year ago.
2) Mortgage rates add 1/2 percent in a day for the second time in a week – Mortgage rates are changing not daily, but closer to hourly. Make sure you stay in touch with your lender to know the latest and greatest.
3) What is a buyer’s broker? – One of my favorite subjects to discuss with other agents, should a buyer have their own agent? There are many advantages and few disadvantages, this looks at some of those advantages.
4) New home buyer tax credit monetization plan: How much will it cost? – With the new HUD guidelines allowing a home buyer to use his tax credit for closing costs and additional down payment, HUD addresses how much lenders can keep for the loan generation.
5) How interest rates affect your purchasing power – What do recent shifts in the interest rates mean to your purchasing power? If you are looking to keep your payment under $1000/month a 1% increase in rates could mean close to $18,000 difference in purchase price.
