  
see all news... Mortgage Rate Reverse Trend and Fall Off this Week...Market Conditions...Mind Your Star Spangled Manners... |
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 Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.35 percent with an average 0.6 point for the week ending July 3, 2008, down from last week when it averaged 6.45 percent. Last year at this time, the 30-year FRM averaged 6.63 percent. New homes sales are moving at a snail's pace -- in the middle of home buying season. Is there relief on the way? Even Americans who regularly pledge allegiance by flying the flag at home aren't always practicing correct flag etiquette. Here's how to mind your star spangled manners. Definite signs of improvement continue to pop up in real estate around the country. Condo sales also jumped five and a half percent nationwide. Sales of existing homes were up even in some of the hardest hit local markets. tba The nation is learning a tough lesson -- that designing our lifestyles around cheap gas was a short-sighted mistake. Are gas prices really too expensive for real estate agents? Columnist Jennifer Allan doesn't think so. Usually, when there is talk of dual agency in real estate one has in mind a situation where both buyer and seller are represented by the same agent. The problem, presumably, is that it is difficult, if not impossible, for the same agent to represent parties that have competing interests. Can the same agent represent different buyers in such situations? Feel free to contact me if I can be of any service! | |
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