Archive for January, 2010

Pending home sales down 16% in November

Tuesday, January 5th, 2010

As the rush to beat the original tax credit deadline eased, pending home sales declined 16% for November.
The November rate was the lowest since April, when new homes sold at an annualized rate of 345,000.
Sales of new construction were expected to edge up to an annualized rate of 438,000 for the month of [...]

Where are rates headed?

Tuesday, January 5th, 2010

OK, eventually the Fed will either end their $1.25 trillion mortgage-security purchase program, or extend it. Everyone, including the shoeshine boy, knows this – don’t pay any high priced consultants to tell you that. And rates will react accordingly. But heck, not only do we have several more months of the [...]

RWM offers stated loans

Tuesday, January 5th, 2010

RWM has link up with lenders and investors that now allow us to do stated loans with certain clients.  Loan amounts from 300k to 6MM+.  Rates are starting in the 4% range and LTV’s can go up too 75% and higher with crossing properties.  The process is very streamline and easy.  We are looking for [...]