Housing: Mortgage Rates Fall to Lowest Levels in Years - CNBC:
"Mortgage Rates Fall to Lowest Levels in Years
The average rate on a 15-year fixed mortgage has fallen to its lowest level in decades.
Freddie Mac said the rate for the popular refinancing option dropped to 3.54 percent from 3.66 percent the previous week.
That's the lowest average rate since the mortgage buyer began tracking it in 1991.
The average rate on the 30-year fixed loan fell to a yearly low of 4.39 percent from 4.55 percent the previous week.
Mortgage rates tend to track the yield on the 10-year Treasury note.
A weakening U.S. economy has led many investors to shift money from stocks to bonds, which are seen as safer bets. That has pushed the yield on Treasurys to a yearly low.
Low mortgage rates have done little to revive the moribund housing market.
Thursday, August 4, 2011
Wednesday, August 3, 2011
Advantages and Disadvantages of selling Your House To a Real Estate Investor. | Real Estate News & Information
Advantages and Disadvantages of selling Your House To a Real Estate Investor. Real Estate News & Information: "Real Estate Investors:
When you contact a Real Estate Investor, you are dealing directly with someone who wants to buy your house – not list it for sale. If you are looking for a very quick sale, or if your house is not in prime condition, this is often your best alternative. Once you call an investor, they will ask you about your house, the repairs that are needed, your current situation, and why you are selling your home. They’ll use that information to create an offer that works both for you and for them. Generally, they will close (buy your house) as quickly as you need, or stretch out the closing date if you need additional time.
The biggest advantage is that you are dealing directly with a buyer, so once you come to an agreement, your house is as good as sold. All you need to do is start packing. You don’t need to worry about if and when the house is going to sell. You won’t have a bunch of strangers walking through your house at unpredictable times. And you’ll have no repairs to make since an investor will buy your house in its current condition.
They have all of the necessary forms and will handle everything for you. You just need to show up to closing and collect your money.
If you decide to work with a real estate investor, you’ll want to find one who is concerned with your situation and is looking for a way to structure the sale so you both get what you want. Unfortunately, not every investor is created equal. A good investor has numerous techniques for buying your house, and can create flexible programs that meet your needs."
When you contact a Real Estate Investor, you are dealing directly with someone who wants to buy your house – not list it for sale. If you are looking for a very quick sale, or if your house is not in prime condition, this is often your best alternative. Once you call an investor, they will ask you about your house, the repairs that are needed, your current situation, and why you are selling your home. They’ll use that information to create an offer that works both for you and for them. Generally, they will close (buy your house) as quickly as you need, or stretch out the closing date if you need additional time.
The biggest advantage is that you are dealing directly with a buyer, so once you come to an agreement, your house is as good as sold. All you need to do is start packing. You don’t need to worry about if and when the house is going to sell. You won’t have a bunch of strangers walking through your house at unpredictable times. And you’ll have no repairs to make since an investor will buy your house in its current condition.
They have all of the necessary forms and will handle everything for you. You just need to show up to closing and collect your money.
If you decide to work with a real estate investor, you’ll want to find one who is concerned with your situation and is looking for a way to structure the sale so you both get what you want. Unfortunately, not every investor is created equal. A good investor has numerous techniques for buying your house, and can create flexible programs that meet your needs."
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