May, 2015

Mortgage Rates Edge Up to 3.79%, Remain Well Below 4%

Mortgage rates for 30-year fixed loans rose this week, with the current rate borrowers were quoted at 3.79 percent, up 2 basis points from the same time last week. The 30-year fixed mortgage rate fell Thursday, then hovered around 3.78 percent before rising to the current rate Tuesday. “Despite some volatility early on as markets […]

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Buying a Home When You’re Not a U.S. Citizen

Immigrants are having a significant impact on the U.S. housing market. According to the Research Institute for Housing America, immigrants accounted for nearly 40% of the net increase in U.S. homeowners from 2000 to 2010. Meanwhile, the same group estimates that U.S. homeownership rates among Latino immigrants will hit 50% by the year 2020. Overall, […]

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Disappearing Features from New Homes

If you’ve been dreaming about that brand-new house with the outdoor kitchen, the two-story foyer, and the luxurious master bathroom, complete with a whirlpool tub—well, good luck finding one. In prerecession times, developers had wrested such sexy amenities from the realm of luxury building into the everyman’s (and woman’s) home. But today? Homebuilders across the nation have decided to skip […]

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Broker Spotlight – Tracie Choate, RE/MAX Olympia

RE/MAX Professionals is pleased to announce that Tracie Choate has rejoined our sales force. After taking exceptional care of investors and tenants in our property management division, Tracie is again focused on helping buyers and sellers achieve their real estate goals. Born and raised in the Northwest, Tracie knows the area, schools, amenities, neighborhoods and […]

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Mayweather Drops Price on Florida Condo to $1.999 Million

Welterweight champion Floyd Mayweather Jr.’s boxing creds may be rising, but the price on his Florida penthouse just keeps falling. The boxer, who remains undefeated after beating Manny Pacquiao, is asking $1.999 million for his condo high above Sunny Isles Beach, which is on a barrier island north of Miami. That’s down from $2.599 million […]

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RE/MAX Agent Productivity #1 in Surveys

Real estate agents affiliated with RE/MAX rank among the most productive in the United States, according to two national brokerage surveys. In both surveys, RE/MAX had the highest per-agent home sales in 2014 among national real estate franchise brands. Source:: http://www.remax.com/newsroom/press-releases/remax-agent-productivity-1-in-surveys.htm

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5 things to do before TILA RESPA goes into effect

If you are in the mortgage lending industry, you’re preparing for the sweeping changes that the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) requirements will bring on August 1. As you count down these final days until the regulations take effect, you’re most likely preparing for managing […]

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How to Handle Living in a Community With a HOA

If you buy a condominium, townhouse or single-family home in a newer development, you’re likely to become a member of a community association. About 20 percent of Americans live in a community governed by a condo association, homeowners association or co-op board, according to the Community Associations Institute, which educates volunteer board members and association […]

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