Faster Sales Coming For Foreclosure Buyers Foreclosure buyers got a Christmas Eve goodie from Fannie Mae, a new strategy that’s likely to make foreclosure purchasing very much quicker. The catch? A bunch of lenders are about to be very unhappy. Until the recent real estate meltdown, foreclosures were a problem but not too much of [...]

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Average 30-year rate ticks up to 4.94%, Freddie Mac reports. Loan refinancings dominate. For nearly two months, home buyers with good credit who can make a 20% down payment have enjoyed 30-year mortgage rates below 5%. But as signs of an improving economy increase, the yield on bonds has been edging higher and pulling home-lending rates along as well.

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Image via Wikipedia Monday, June 1, 2009 10:10 AM NEW YORK – Roger Wald recently discovered he would save $25,000 a year if he refinanced or sought a loan modification for his five-year mortgage at 4.75 percent. Wald, an auto body repairman in Sarasota, Fla., could have gotten that rate last month. But like many [...]

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Image by respres via Flickr Making Home Affordable program expanded BY INMAN NEWS, THURSDAY, MAY 14, 2009. Inman News The Obama administration will encourage troubled borrowers who don’t qualify for loan modifications or can’t keep up payments on a modified loan to pursue a short sale or deed their property to their lender in order [...]

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Image via Wikipedia Thursday, July 31, 2008 – Real Estate By Sandy Arison, West Hollywood This may come as a surprise, but the WeHo real estate news isn’t all bad. There is more housing inventory on the market now then there has been in a long time. The good news for buyers is that prices [...]

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Image via Wikipedia Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed‘s actions on home loan rates. Here’s the scoop. What the Fed just announced is huge – they have committed to buy another $750B in Mortgage Backed Securities, and $300B in Treasuries. But what does this [...]

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No matter the market, Visionary Agents will always believe that over time a home can be one of the most gratifying & practical investments you can make and among some new fundamentals in this market, you really have to make sure its affordable. By affordable we mean not only being able to meet the monthly mortgage payments & [...]

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