My Real Estate Blog

May 7th, 2010 6:48 AM
1)  Freddie Mac today released the results of its Primary Mortgage Market Survey® which shows the 30-year fixed-rate mortgage averaged 5.00% for the week ending May 6, 2010, down from last week when it averaged 5.06%. Last year at this time, the 30-year fixed-rate mortgage averaged 4.84%.

2)  The "Streamline 203K" Limited Repair Program offered by HUD permits homebuyers to finance an additional $35,000 into their mortgage to improve or upgrade their home before move-in. They'll actually loan you more than the house is worth, intentionally. Right now it's only available for owner-occupants but I'm sure that's about to change.
Posted by Jim McCowan on May 7th, 2010 6:48 AMPost a Comment (0)
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