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  Today's Interest Rates from Realty Times are based on a 30 year amortization rate, with good credit and no origination fees. With no major economic news today to report, mortgage rates are stable. Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.05 percent with an average 0.3 point for the week ending May 8, 2008, down very slightly from last week when it averaged 6.06 percent. Last year at this time, the 30-year FRM averaged 6.21 percent. Several markets across the country are starting to heat up -- if you know what to look for. Take across Florida -- prices are depressed, sales are down in the double digits compared to a year ago, while foreclosures and short sales rule. However, it's turning and the smoke is starting to rise before the flame ignites. With summer coming and temperatures rising quickly, many people are already turning the air conditioner on. But did you know that what's atop your home may or may not be helping you stay cool? Can my builder lower prices -- after I bought? Can my mother-in-law limit my interest in a home I am buying with my husband? How can I protect myself against mortgage fraud? Peter G. Miller looks at the week's most interesting questions for Realty Times. Are figures really rosier than reports are making out? Columnist Kenneth Harney explains what's really happening in the U.S. economy this week. Our market experts in the Northeastern United States are trying to put a positive spin on what continues to be a downward-trending market. Tim and Susan Fennell, our market experts in Jacksonville, Florida, say the first quarter of 2008 remained relatively unchanged compared to the last quarter of 2007. tba Realtors, builders and sellers need to convince buyers that now is a good time to buy, the industry also has to go one step further - prove to buyers that purchasing real estate is a sound investment. Often we discover by accident an incredibly timesaving tool, which we COULD have been using for years in our computer work, but just had not known about. Well, you will bless the day that you learned here about this true time saver. |
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