September 3, 2011 rummy

Is the Landlord Reference really the tenant’s landlord? Did you ever think the landlord reference the tenant gives you on your rental application might be false? Unfortunately, it is very common for a rental applicant to offer up a fake landlord reference, especially when he does not want you to hear what that landlord has to say about him! The purpose of The Landlord Reference Qualifier is to help you to determine if the information being given to you by the tenants’ current or past landlord is the truth. This screening technique has been succesfully tested over time by professional…

August 10, 2011 rummy

S&P Downgraded the USA a economy to AA+ and Moody is still at AAA+ , what does that mean to you as an investor, buyer and home seller in today’s real estate market. Fannie  Mac and Freddic Mac, is 80% owned by the U.S Government after receiving more then $150-billion in federal bailout funds to purchase bundles of mortgages from banks, providing lenders with fresh cash to make new loans. Fannie and Freddie package those mortgages to sell it to investor. Mortgage Rate: The 30-Year Fixed rate mortgage was down after the downgrade to 4.44% and expect to come to…

August 8, 2011 rummy

No one knows for sure what will happen next. However, we want to talk about possible scenarios.   Mortgage rates normally run parallel to the country’s Treasury bonds. If many people are buying Treasury bonds the return on those bonds decrease. If less people are interested in buying bonds, then the return on those bonds must increase in order to draw more buyers. If bond returns increase or decrease, mortgage rates normally follow. Many experts feel that the downgrade in the country’s credit rating will cause people to see greater risk and therefore be less likely to invest in our Treasury…

August 5, 2011 rummy

Lowest Rates of the Year Start Searching for investment property NOW in Westchester and Bronx NY Early in the week, an agreement to raise the US debt ceiling was reached, avoiding a default on government debt, but investors found little time for relief. Concerns about debt problems in Europe and the slow pace of global economic growth sparked a large rally in US bond markets and a large decline in the stock market. Mortgage rates improved significantly during the week, ending at the lowest levels of the year. This week’s bond market rally dropped mortgage rates back to levels last…

June 17, 2011 rummy

The U.S. housing market continues its gradual and uneven progress, despite the expiration of the home buyer tax credit. The remarkable rebound in housing activities from the initial drop following the end of the home buyer tax credit this past July adds to the belief that the risk of a double-dip downturn in housing may be disappearing. As the housing market continues to work through the excess supply overhang, a result from the glut of foreclosed properties which is keeping home prices below their long-term trend growth, economists anticipate mortgage rates at or above 6% by the end of 2012…