Archive for February, 2009

Mortgage rates slide

NEW YORK (CNNMoney.com) — Mortgage rates fell during the past week, pushed lower from the uncertainty stemming from the bank bailout plan unveiled Tuesday.
The average 30-year fixed mortgage rate fell to 5.34% from 5.70% for the week ended Feb. 11, according to Bankrate.com.
The average 15-year fixed rate mortgage sank to 5.03% from 5.31%, and the [...]

Obama may subsidize mortgage debt

NEW YORK (CNNMoney.com) — The Obama administration is looking at subsidizing the mortgage payments of struggling borrowers before they default, according to sources familiar with the discussions.
If it comes to pass, the program would blaze a new trail in the federal government’s foreclosure prevention initiatives. Until now, the efforts have focused on helping those already [...]

7 Simple Steps to More Clients in 90 Days – Real Estate

RISMEDIA, February 13, 2009-In my work as a Law of Attraction business coach I meet with people every day who have dreams of creating success in their business. Sadly, most of them are saying the same thing, “I hate marketing, I just want to do what I’m good at without having to market myself. ” [...]

How Do Specialty Agents Succeed in This Economy?

RISMEDIA, February 16, 2009-Bryson City, North Carolina is the complete opposite of “trendy.” It’s a charming and beautiful part of these United States, located at least two hours from any major city. It’s also where Rick Strohm and his son, Rick, Jr., own and manage their Realty Executives office-smack dab in the middle of the [...]

What’s Ahead for Real Estate in 2009

2009 will be a year of recovery and stabilization for the real estate industry. Here are my 15 top predictions for 2009:
1. Mortgage rates will drop, then rise, and finally stabilize
* Rates will be at a historical low in the first part of the year.
* Rates will go up in early spring.
* Rates will level [...]

Why to Buy a Home Now

If you’re renting and wondering if you should buy a home, consider what bestselling author, David Bach, says, “The average homeowner is worth 35 times more than the average renter.”
He advises renters to take action immediately and start saving part of their paycheck every month to help accumulate a down payment. He also encourages renters [...]