November 2008 - Posts
The Federal Housing Finance Agency announced the 2009 conforming loan limits for Fannie Mae and Freddie Mac. For most of the country the limit of $417,000 did not change. Unfortunately, the conforming loan limit for San Diego has. As a designated "High-Cost
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November 2008 Su Mo Tu We Th Fr Sa 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6 This spectacularly remodeled 4 bedrooms, 2 bath, 2303 Sqft San Carlos Home rests on a large 10,700 square
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November 2008 Su Mo Tu We Th Fr Sa 26 27 28 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6 This spectacularly remodeled 5 bedrooms, 3 bath, 2,458 square foot University Heights home rests on a large
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Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.04 percent during the week ended November 21, 2008. The 30-year loan rates were 6.14 percent the prior week. During the same period, interest on 15-year fixed loans slipped to 5.73 percent
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Total Number of Sales Closed in October 2008 Ø October 2008 had 2,821 closed sales or 94 closings per day Ø September 2008 had 2,651 closed sales or 88 closings per day October 2008 sales are up in comparison to September 2008 sales Detached
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The Department of Housing and Urban Development's Hope for Homeowners mortgage rescue plan, which took effect on October 1 , 2008, has been changed in an effort to spark more lenders and homeowners to participate. The program was created to help homeowners
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Freddie Mac reports that the 30-year fixed mortgage rate dropped to 6.14 percent during the week ended Nov. 13, marking the second consecutive weekly decline. Rates were 6.20 percent the prior week. The 15-year fixed mortgage rate fell to 5.81 percent
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A popular tax saving loophole regarding capital gains taxes on some primary residences has been impacted by the recently signed 2008 Housing and Recovery act. The law places new restrictions on wealthy homeowners who own two or more homes and plan to
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Citigroup has announced it will expand its foreclosure prevention efforts and try to keep 130,000 troubled borrowers with $20 billion in mortgages in their homes. The news follows similar initiatives announced earlier this year by Indy Mac Bank, which
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SPECTACULAR BIG BEAR SKI SLOPE RETREAT Big Bear Lake, California (Moonridge) - This spectacular 2,400 square foot home is 1 block from the National Forest and offers 3 bedrooms, 2.5 baths, offers a large sleeping loft and sleeps 10 people comfortably.
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What Qualifies as a 1031? To qualify for a 1031 exchange, a property must meet four basic rules: The property must be held for an investment or used for productive purposes in a business The property must be exchanged with a like-kind property (any other
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If you’re really serious about owning a home, you’re actually in a very good position as a buyer right now. Prices have fallen over the past year or so, which should give you lots of leverage to negotiate a favorable price. Using these helpful
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Freddie Mac has reported that 30-year fixed-rate mortgages averaged 6.20% this week. That's down from 6.46% last week and below 6.24%, the rate at this time last year. Rates on 15-year fixed-rate mortgages fell to 5.88% from 6.19% last week. A year
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