Your Orlando, Winter Springs & Oviedo Realtors
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FREE First Time Home Buyer Seminar in Orlando
Want to learn more about how you can take advantage of all the great opportunities in today’s Real Estate market and buy your first home. Join us on June 20th for our FREE Orlando First Time Home Buyer’s Seminar. Topics Include: How to take advantage of the $8,000 grant being offered by the US government Sources of down payment assistance The [...]
New Ticking Time Bomb!
The Orlando Regional Realtor Association just released their statistics for May 2009. The good news is sales increased in May of this year by 38 percent over the same month in 2008. The better news for the Real Estate Market in Central Florida, is sales are up 44 percent year to date! Where are the sales coming [...]
What can 2 points do for you?
The $8,000 first-time homebuyer tax credit has received a lot of attention lately, but it has also overshadowed another big reason to buy a home now: record-low interest rates. In May, 30-year mortgage rates of 5 percent were widely available. That’s down from January’s already-low 5.8 percent, and two percentage points less than in August [...]
Mortgage Applications Up!
The Mortgage Bankers Association (MBA) released its Weekly Mortgage Applications Survey — a measure of mortgage loan application volume — for the week ending May 1, 2009, and it showed an increase of 2.4 percent compared with the previous week and 43.7 percent compared with the same week one year earlier. The Refinance Index increased [...]
Fast Fixes Can Help Sell a Home
It?s not rocket science: Houses that look fresh and attractive sell faster than beat-up homes. Here are some cheap tricks from Money Magazine for boosting appeal: ? Buy a new mailbox, house numbers, doorbell, and knocker: $200 (good idea) ? Green the grass with nitrogen-rich fertilizer: $50 to $200, depending on the lawn size (excellent Idea) ? Edge and [...]
Economy declines 6.1%
In the first quarter of 2009, the U.S. gross domestic product shrank almost as much as it did in the fourth quarter of 2008, according to a government report today. The drop was much worse than expected. According to economists surveyed by Briefing.com, expectations were for a drop of 4.7% in gross domestic product, but [...]
Mortgage Rates Hit Record Low - Again!
According to the Primary Mortgage Market Survey (PMMS) by Freddie Mac, 30-year fixed-rate mortgages (FRM) are down to 4.78 percent for the week ending April 30, 2009, from 4.80 percent last week. The 30-year FRM is now at the same record low set in April 7, 2009, the lowest ever recorded in Freddie Mac’s survey [...]
One Down!
Well, this is it. Chrysler is filing for bankruptcy. Chrysler officials had no comment on the bankruptcy report, but the filing came after some of the company’s smaller lenders, including some hedge funds, refused a Treasury Department demand to reduce the amount of money Chrysler owed them. Bankruptcy doesn’t mean the company will stop working…the administration [...]
Waiting Might Cost You Thousands!
WASHINGTON ? April 17, 2009 ? Rates on 30-year mortgages dipped this week after rising a week earlier, and remain just above record lows. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages fell to 4.82 percent this week, down from an average of 4.87 percent last week. Rates have been [...]
Are We At The Bottom Yet? You Tell Us!
Consider the following stats, which were recently release and then tell me what you think! Median price: $145,500 (decreased by 34.75 percent compared to January 2009) This is great news for median-income wage earners as the affordability of homes are closer to their reach. Interest rate: 5.25 percent (lowest point since May 2005)! This is a great [...]
