Daily Real Estate News  |  April 13, 2011  | Mortgage Free? Here are a few ways you can pay off their mortgage early, according to a recent article at Bankrate.com. Add a little payment to principal. Use mortgage calculators to see how adding a little extra payment to your principal--even $100--can shorten the length of your loan and reduce the amount of interest you'll pay on it. Tracy … [Read more...]

Daily Real Estate News  |  April 11, 2011  | Investors, Foreign Buyers Cashing in on Market With affordability at an all-time high, the number of investors and international buyers taking advantage of bargains has reached a record number in all-cash purchases — and some experts predict that number will only grow higher. A record 33 percent of existing-home sales were made to cash buyers in … [Read more...]

WSJ by DREW FITZGERALD Mortgage rates ticked up again in the latest week as inflation concerns eased somewhat, according to Freddie Mac's weekly survey of mortgage rates. The 30-year fixed-rate mortgage averaged 4.86% in the week ended Thursday, up from 4.81% the previous week but down from 5.08% a year earlier. Mortgage rates generally track U.S. bond yields, which move inversely to … [Read more...]

WSJ - By BRIAN BLACKSTONE and DAVID WESSEL The European Central Bank on Thursday became the first monetary authority in a major developed economy to raise interest rates since the global financial crisis struck—a sign that the long period of extraordinarily easy credit is beginning to come to a close. In the U.S., where there is less inflation angst than in Europe, the Federal Reserve is … [Read more...]

Daily Real Estate News  | April 7, 2011  | 4 Mistakes to Avoid When Buying a Foreclosure Foreclosures continue to flood real estate markets across the country, and buyers are looking to cash in on what they view as some of the best real estate deals. But experts say that while some foreclosures are a great purchase, buyers need to be cautious before jumping in to make sure they really are … [Read more...]