The National Association of REALTORs (NAR’s) Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in November, dropped to 96.0 in November, a 16.0 percent decrease from October 2009. This decline came after a surge in activity in preceding months, as first-time homebuyers rushed to beat the original deadline for the homebuyer’s tax [...]
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Nextage Realty Professionals
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 Posted by Jerry Cecil  January 6, 2010, 8:45 amMany lenders, real estate agents, and home builders applauded when HUD said it would let banks and local governments offer short-term “bridge loans” to cover the down payment for first-time buyers eligible for the tax credit. The loans would have been available to applicants for federally insured mortgages such as Federal Housing Administration loans. See: Home builders [...] Posted by Jerry Cecil May 19, 2009, 2:44 pmFrom Tom Henichek, a local loan officer at Mountain Mortgage
Tom Henichek Thinking of buying a home in the Prescott, Arizona area? Perhaps one of the foreclosed or REO homes?
Now is the time [...] Posted by Jerry Cecil April 15, 2009, 3:33 pmFrom Tom Henichek, a local loan officer at Mountain Mortgage
Tom Henichek On Wednesday, the Federal Reserve agreed to purchase a large amount of mortgage securities since investors are sitting on the sidelines and not actively participating in these securities.
Posted by Jerry Cecil March 19, 2009, 2:20 pmFrom Tom Henichek, a local loan officer at Mountain Mortgage Tom Henichek Many of you are familiar with the $7,500 tax credit if you purchased a home after April 8, 2008 and before July 1, 2009. Essentially, the government has given you an interest free loan for purchasing [...] Posted by Jerry Cecil March 5, 2009, 11:27 am |
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