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Mortgage rates matched the lowest they were but experts are telling us not to expect ti to continue for the next 30-40 days. Some are saying there may even be an increase. Rates for 30-year mortgages averaged 4.78 percent last week, down from 4.83 percent the previous week and equaling the record [Read More]

The Mortgage Bankers Association released a report last week that showed nearly 14% of homeowners that hold mortgages across the nation are behind on their monthly payments as of the end of September 2009. The foreclosure problem originally began with subprime mortgages, however due to the high une [Read More]

During the housing boom building supplies were in short supply. As a result, China made gypsum board was imported and used in the drywall process.  The drywall is making people sick. The smell of sulfur is overwhelming!  The wiring and the pipes in the home are corroded. It has even been [Read More]

First of all, we wish you all a Happy Thanksgiving. It seems that the doom and gloom of this year is turning around and there is a bit of a bright side coming through. I read this morning that unemployment for the first time has declined; homes sales are up and employment is up!!! Also, interest [Read More]

A couple of weeks ago, the Federal Reserve said: “To provide support to mortgage lending and housing markets, and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgages mortgage-backed securities and up to $200 [Read More]

Three preliminary reports issued by the Consumer Product Safety Commission (CPSC) found that there is indeed a link between Chinese Drywall and corroded metals.  Between the years of 2005 and 2007 drywall was imported from China to make up for the lack of product due to the multitude of [Read More]

“Because of your continuing lack of willingness to come to Florida and hear our cries, I have no choice but to challenge you until you do so,” Al Pina, chairman of the Florida Minority Community Reinvestment Coalition said in a letter to Fed Chairman Ben Bernanke released to the press. [Read More]

We had the pleasure of having Ed Asner, the actor at our local community college in Lecanto. Lecanto is getting better known-it is part of Citrus County. Ed Asner portrayed on stage for 100 minutes(non-stop) our President, Franklin D. Roosevelt. What a thrill! Even more amazing is the celebrities t [Read More]

Florida was one of the first states affected by the recession and many believe that it will be one of the last ones out! Some investors are reluctant to participate in Florida's troubled real estate market due to the high unemployment rate and rising foreclosures. However, on the other hand, th [Read More]

This is being sent to all Realtors from their Federal Credit Union. At a time when the fed-funds rate is hovering just above 0% at ¼% and the prime is 3 points higher at 3 ¼% they offer this garbage. Gee, ain’t it great to be a Realtor, your credit union treats you as if your I [Read More]