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• Mortgage Rates - Looking ahead for the Week of March 15, 2010

  Here is a table of Economic Indicators that will be released this coming week that have an important impact on Mortgage Rates. Economic Indicator Release Date and Time Consensus Estimate Analysis Industrial Production Monday, March 15, 9:15 am, et Up Read More... Posted Monday, March 15, 2010 5:26 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Events, Finances, Buyer Information, Seller Information, Community Information

• The House and Senate Pass Extension and Enhances First Time Home Buyer Tax Credit

  The House approved an extension of the tax credit for home buyers on Thursday, sending the measure to President Barack Obama for signature. The vote was 403 to 12. The bill, approved unanimously by the Senate late Wednesday,extends the first-time home Read More... Posted Friday, November 06, 2009 9:40 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Finances, Buyer Information, Seller Information

• 30 Year Fixed Rates Fall Below 5 Percent

  McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.7 point for the week ending November 5, Read More... Posted Friday, November 06, 2009 9:21 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Finances, Buyer Information, Seller Information

• Long-Term Rates Down for Third Consecutive Week

  Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.04 percent with an average 0.7 point for the week ending September 17, 2009, down from last week when it averaged Read More... Posted Friday, September 18, 2009 5:48 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, For Sale, Announcements, Finances, Buyer Information, Seller Information

• Housing Market Continues to Show Improvement

  Freddie Mac's reports that increases in sales of new and existing homes over successive months, and favorable reports on home prices during the second quarter reinforces the message that housing markets are stabilizing. These latest developments signal Read More... Posted Tuesday, September 15, 2009 5:37 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Buyer Information, Seller Information

• When should I lock in my interest rate?

  Your guess is good as mine. I'm not a loan officer, but I have seen clients win and lose by betting which way the interest rates are going to move. As I am writing this article, interest rates have fluctuated more than a point in the past month. In Read More... Posted Friday, March 14, 2008 8:19 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Finances, Buyer Information

• My house didn't sell, now what do I do?

  In today's real estate market homes will normally be on the market for a longer time than they were just a year or so ago. This is to be expected if you price the home unrealisticly expecting a price that was only obtainable in 2005 or 2006. Those Read More... Posted Monday, February 25, 2008 10:55 PM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, For Sale, Seller Information

• You would like to purchase a home, but closing cost are over $5,000 - what can a buyer do?

  Depending on the cost of a home, the closing cost can be $5000 or more. This includes a number of expenses: Lender cost include Loan Origination fees (typically 1% of the loan), Application fees, Appraisal fees, Attorney Fees Title Search Title Insurance Read More... Posted Thursday, January 24, 2008 6:32 PM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Finances, Buyer Information, Seller Information

• How is the Real Estate Market in the Charleston, South Carolina Area?

  I probably get this questioned asked of me more than any other question by my friends and buyer clients. I believe now is a great time for buyers to purchase homes in the Charleston area. There are many reasons for this. It's a Buyer's Market Read More... Posted Wednesday, January 16, 2008 10:28 AM by Michael Falotico | 0 Comments Filed under: Real Estate, Market Conditions, Buyer Information