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Low Mortgage Rates Not Spurring Real Estate Sales
The lowest mortgage interest rates in 50 years — 4 plus percent for a 30-year fixed loan — is not spurring real estate sales, according to Sonny Nguyen, a Century 21 M&M and Associates mortgage consultant. “People think there’s going to be another drop in interest,” he said. “There’s a hesitation to jump in with [...]
Read Full Post | Make a Comment ( 3 so far )30-Year, Fixed-Rate Mortgages Dropped to Under 5%
Tracking Mortgage Interest Rates With 33 years of experience selling real estate, Joannie Selman-Prince thought she had seen it all. That is until earlier this month when interest rates for 30-year, fixed-rate mortgages dropped to record lows. “This is a very unusual market,” said Selman-Prince, a Lodi-based Realtor with Century 21 M&M and Associates. “I [...]
Read Full Post | Make a Comment ( 5 so far )Flipping Real Estate in Northern California
Third in a four-part series Some real estate investors like to play a high-risk game. It’s called flipping. “Flipping is very, very high risk,” said Ernie Ochoa, a Century 21 M&M and Associates Realtor based in Merced. “It’s not for the average guy. You can really lose money.” You also can make money. Flippers typically [...]
Read Full Post | Make a Comment ( None so far )New RESPA Rule, Effective January 1, 2010
As of January 1, 2010, Century 21 Mortgage, Century 21 M&M Real Estate Agents and all of the mortgage and real estate professionals (nation-wide) have a new final RESPA Rule established by HUD “To Simplify and Improve the Process of Obtaining Mortgages and Reduce Consumer Settlement Costs.” The Real Estate Settlement Procedures Act, (known as [...]
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