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Buy or Refinance: Could rates drop to 4.5%?

Wed, Dec 17, 2008

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Buy or Refinance: Could rates drop to 4.5%?
Home owners and first-time buyers on Trulia are eagerly awaiting the news: will the Treasury drive interest rates below 5% for new loans? While lower interest rates won’t solve our housing market problems overnight, it may just be the incentive needed for some first-time buyers.The latest poll of first-time buyers on Trulia’s Housing Crisis Center shows that 48% are still planning to buy in less than 6 months and 27% will buy within the next 6-12 months. So if you’re even considering buying or selling, read on for tips on how to prepare! See financing tips
 

Could mortgage rates be dropping to 4.5%?
Could Mortgage Rates Be Going to 4.5%?
Today it was reported by anonymous sources that Treasury Secretary Henry Paulson is considering purchasing many more mortgage backed securities issuecd by Fannie Mae and Freddie Mac that would be used to press the mortgage interest rates down to 4.5%. Apparently, this would only be for…. see more or reply
Written by Jeff Launiere, Real Estate Professional, Tampa, FL
More tips:
A buyer’s perspective: 4.5% Mortgage Rates for you and Me?

Should You Buy or Refinance?
What If Mortgage Rates Fell To 4.5% - Would You BUY or REFI?
Real Estate sales have slowed. Nobody knows what this afternoon’s headline will scream. So it’s seems best to stop, stoop, rock, wait, twiddle thumbs or wring hands. It seems logical doesn’t it? Ahhh… see more or reply
Written by Ken Brand, Real Estate Professional in Woodlands, TX
More tips:
Refinance out of chapter 13 bankrupcy to lower monthly payments

Buying a Bank Owned house
What Controls Interest Rates?
Days before the Federal Reserve Board plans to meet, the media starts reporting on anticipated rate cuts or rate hikes. This helps contribute to the misconception that a Fed rate cut means…
see more or reply
Written by Pam Simpson, Real Estate Professional, Senatobia, MS
More tips:
Q: What’s the difference between interest rate and APR

See financing tips
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Entertainment mogul and Vegas casino owner Phil Maloof lists his Beverly Hills mansion for $16.9 M
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Advice & Opinions Ι Get insightful, fast, FREE advice on home buying & selling
Blog of the week
Ask Erin: Does a Converted Garage Add or Reduce a Home’s Value?
I was having a conversation with a prospective listing client in Land Park this last week regarding if having a converted garage adds or reduces the value in a home. To clarify - this would be a garage that has been converted… see more or reply
Written by Erin Attardi, Real Estate Professional in Sacramento, CA
Question of the week
Q: Will it ever be possible to buy a home again after you’ve had a forclosure?
Asked by Sarah, Just Looking in Umatilla, OR
A: Here is a article I came across the other day that might interest you. It was written by Elin Bullmann What happens is that people who finally get through a foreclosure or short sale transaction are relieved and think they’re done. They’re actually not. … see more or reply
 

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Elain, marketing specialist - who has written 51 posts on Trulia Blog - Real Estate Blog.


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