Archive for the 'Financing' Category

What’s Selling in Our Fair City? - Part 2

(*I started this before Thanksgiving and am just finishing it.  Sorry*)
I decided to head on over to Midtown in zipcode 30308 for this next post.  I have found that in the last month or so, things seem to be picking up - at least with single family homes- but let’s look at condos and lofts.  [...]

Where Am I #20?

Wow - we have done 20 of these.  So exciting.  Alright faithful readers, what street am I on?  And can you tell me a little about the billboard?   A $10.00 gift certificate from The Bone Garden Cantina goes to the lucky winner!

Should You Refinance Now?

The question that I have been asked the most over the last week is, “Should I refinance my house/condo/townhome/loft now that interest rates are sooooo low?”. My stock answer both today, yesterday, six months ago, and even six years ago goes something like this.
“I am a real estate agent, not a mortage or finance expert. [...]

New Grant for Buyers in Atlanta

The Atlanta Development Authority has a new program for buyers (including first time buyers) buying in the City of Atlanta. This program is a fabulous program and I think it will make a difference for individuals who don’t necessarily have an amazing pay check. Individuals can buy condos, single family homes, new [...]

Man, Another Rate Cut…

For the second time in a week, the Fed has done it again and has cut short-term rates by half a percentage point. Yesterday’s action, combined with the cuts we have seen earlier, “should help to promote moderate growth over time and to mitigate the risks to economic activity,” according to the [...]

What About Those Fed Cuts?

I have just found myself reading more and more posts out there since Knox got me so interested in this blog world. Anyway, I have stolen this good CNBC article from a reader of ours, Reno Real Estate, and thought it is worth sharing. It is entitled, “Fed Cut: What It Means [...]

Georgia Is Below Average, But This Time That Is Good News

Bankrate just released their 2007 study of closing costs for every state.
Closing costs can be divided into three categories.
Closing costs:
• Origination fees charged by the lender.
• Title and settlement fees charged by third parties.
• Taxes and prepaid items such as homeowners insurance, association fees and prorated interest.
Bankrate’s survey includes lenders’ origination fees and title and [...]

Georgia Foreclosure Hotline Announced

A 24 hour, 7 days a week hotline has been announced to assist Georgia homeowners avoid foreclosure. The program, called HOPE, will also offer face to face counseling to Georgians who may be at risk of losing their homes to foreclosure. This program announcement comes on the heels of a report that places Atlanta’s 2006 [...]

Third Week In A Row For Falling Mortgage Rates

Mortgage rates have fallen three straight weeks and five of the last six weeks. The benchmark 30 year fixed rate sits at 6.57%. This recent trend is seeing a rise in mortgage applications, according to the Mortgage Bankers Association.

Interest Rate Update

Interest rates have been on a steady rise since the Federal Reserve began raising interest rates in quarter point increments beginning in the summer of 2004. While the Federal Reserve rate has risen from 1.00% to 4.75% (as of March 28, 2006) 30 year mortgage loan rates are still historically low (around 6.0%). Indeed, while [...]