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National Real Estate Blog

Homebuyer Tax Credit Etension for the Military
Author: Support Services, e-PRO
New benefits under the Homebuyer Tax Credit for military members serving outside of the U.S. have been extended by one year. First time homebuyers that are members of the military have until April 30, 2011 to enter into a purchase contract. If a contract is signed by the April 30th deadline, homebuy [Read More]
Mortgage Rates Continue to Plummet
Author: Support Services, e-PRO
According to mortgage giant, Freddie Mac, mortgage rates on a 30 year fixed mortgage fell again this week to a record low of 4.57%. This marks the lowest rate ever recorded by Freddie Mac, who began keeping track of mortgage rates in 1971.Rates started dropping when the FED began pumping $1.25 billi [Read More]
Mortgage Rates hit another Record Low
Author: Support Services, e-PRO
Mortgage rates on a 30-year fixed mortgage have dropped to the lowest point in over 50 years, according to mortgage giant, Freddie Mac. Dropping to 4.58% this week, a level not seen since the 1950's!After the expiration of the FED program that was pumping $1.25 billion into mortgage backed securitie [Read More]
Many Homebuyers Could Lose out on the Tax Credit
Author: Support Services, e-PRO
The National Association of Realtors (NAR) has claimed that nearly 180,000 homebuyers that purchased homes under the Homebuyer Tax Credit will not receive their tax credit if congress does not pass an extension by today.According to Vicki Cox Golder, President of NAR, We are strongly urging the Sena [Read More]
Mortgage Rates Dropped to Lowest level seen since 1971
Author: Support Services, e-PRO
Mortgage rates dropped this week to the lowest rate in 31 years, according to mortgage giant, Freddie Mac.The rates came in at 4.69%,whichis very attractive to both homebuyers and refinancers. However, refinancing has become a difficult task as many homeowners are "underwater" on their mortgage, whi [Read More]
Senate has approved an extension for the first time home buyers tax credit deadline
Author: Support Services, e-PRO
To qualify for the credit, buyers had to sign purchase contracts by April 30 and must close on the transaction by June 30. The National Association of Realtors estimates that from 55,000 to 75,000 homebuyers who are under contract won't be able to close in time to claim the tax credit. There w [Read More]
Refinancers are flooding the Market
Author: Support Services, e-PRO
According to the Mortgage Bankers Association, in a weekly comparison, mortgage applications rose 18% last week. Refinances are making up nearly 75% of the mortgage activity, jumping to the highest level seen in over a year.Economists believe that it is the low mortgage rates that are enticing refin [Read More]
May saw a Decline in Home Construction and Building Permits
Author: Support Services, e-PRO
New home construction as well as building permit applications declined in May, according to the Commerce Department. Many economists believe that the reason for the fall is the expiration of the Government programs which have been fueling the real estate market, in the spring.According to James Marp [Read More]
Reid pushes for Home Buyer Tax Credit Extension
Author: Support Services, e-PRO
Harry Reid, Senate Majority Leader, announced his intensions to extend the Homebuyers Tax Credit by three months, in order to allow homebuyers that might not meet the closing deadline of June 30th, some extra time.The Homebuyer Tax Credit, a government run program that offered up to $8,000 in tax cr [Read More]
Mortgage Rates have Dropped Again
Author: Support Services, e-PRO
Rates on a 30 year fixed rate mortgage dropped to 4.72% this week to the lowest level of 2010, according to mortgage giant, Freddie Mac. Freddie Mac collects rates from lenders across the nation Monday through Wednesday, as rates are closely tied in with long-term treasury bonds they can fluctuate s [Read More]

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