Fannie Mae and Freddie Mac Status 09/11/2008

As you may have seen in the news lately our government in Washington DC has been busy (well kind of busy).

Just this past weekend the government announced that Fannie Mae and Freddie Mac (which own or guarantee about 50% of the nations $12 trillion in home loans) will come under direct government control.  This news  caused mortgage bonds to soar higher this week and interest rates on the average 30 Year fixed rate fell almost .75% (3/4 of a point)!  They also p...

Inspecting Your Home

After your offer on a home has been accepted, it’s time to inspect thoroughly the property and make sure everything is in acceptable condition and you absolutely wish to purchase. If you change your mind about purchasing, this inspection contingency period allows you to withdraw from the deal. Elizabeth Smartt explains what homebuyers should assess during the inspection period: the overall condition of the home, the roof, the sewer/plumbing connections, pest history, the foundation, the heate...

Spring Cleaning Tips

Spring has sprung, so let's get that house of yours looking beautiful for that first gathering or party of the season! I'm not talking about vacuuming and doing the dishes. I'm talking about those little things you always think you should do someday.

• First of all, get yourself organized and de-clutter your living space. Recycle the old magazines laying around. File away your important mail and paperwork. Organize your photos. You know what to do!
• ...
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