Monument Properties AZ

May 2010 - Posts

• Mortgage Rates Drop to 30 Year Low

  If you have been putting off buying a home...you may want to rethink your decision. Mortgage rates right now are at a 30 year low. Read the article in USA Today. Read More... Posted Sunday, May 30, 2010 6:19 AM by Yvonne Coelet | 0 Comments Filed under: white mountains, show low, pinetop, interest rates, housing market, freddie mac

• Will we see less Freddie Mac and Fannie Mae foreclosues?

  The Obama Administration in late March was requiring banks to consider lowering balances in loan modifications. Who doesn't seem to be listening? Looks like Freddie Mac and Fannie Mae backed loans are not following Obama's request. If they change Read More... Posted Wednesday, May 26, 2010 6:37 AM by Yvonne Coelet | 0 Comments Filed under: foreclosures, obama rescue plan, loan modifications, Fannie Mae, show low foreclosures, freddie mac

• Obama's Foreclosure Rescue Plan...Is It Working?

  About a year agon President Obama put into action the HAMP program which was a program where homeowner's could enter into a trial loan modification and if it worked out the borrow could make that new modification become permanent. How is it working Read More... Posted Thursday, May 20, 2010 6:19 AM by Yvonne Coelet | 0 Comments Filed under: foreclosures, bank owned homes, loan modifications, housing market

• Are we going to see less foreclosures?

  I was reading an article put out by the Housing Predictor website and they talked about their prediction that their predicted number of foreclosures is expected to go down over the next few years. How can that be? Read the full article. Read More... Posted Wednesday, May 19, 2010 6:14 AM by Yvonne Coelet | 0 Comments Filed under: white mountains, bank owned homes, show low foreclosures, housing market

• Fannie Mae Incentive Extended!

  If you have been thinking of purchasing a forclosure and it happens to be a Fannie Mae property...well, they just extended their incentive! Right now if you purchase a Fannie Mae property, you can apply 3.5% of the total purchase price towards your closing Read More... Posted Friday, May 07, 2010 7:25 AM by Yvonne Coelet | 0 Comments Filed under: show low, bank owned, bank owned homes, Fannie Mae, foreclosure incentives