Chris Thorpe Real Estate

October 2008 - Posts

• 30-Year Mortgage Rates Fall Under 6%

  Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year Read More... Posted Sunday, October 12, 2008 9:20 PM by Chris Thorpe | 0 Comments Filed under: Real Estate, Market Conditions, Announcements, Industry, Finances, Buyer Information, borrowers, interest rates, payments, credit markets

• HIGH-END HOME SALES TAKE HIT

  DALLAS ( Dallas Morning News ) – High-end home sales have taken a hit from the stumbling mortgage market, with million-dollar-plus home purchases falling about 12 percent in the Dallas–Fort Worth area through August. "The high-end market Read More... Posted Saturday, October 11, 2008 8:41 PM by Chris Thorpe | 0 Comments Filed under: Real Estate, Market Conditions, Finances, borrowers, home, High-end, credit markets

• BIG BREAK FOR TEXAS BORROWERS

  NEW YORK ( New York Times ) – Countrywide Financial, in an effort to resolve lawsuits against it, has launched the largest program ever to help struggling homeowners in Texas and ten other states. The lender, recently acquired by Bank of America, Read More... Posted Tuesday, October 07, 2008 3:37 PM by Chris Thorpe | 0 Comments Filed under: Finances, monthly, rental, borrowers, interest rates, home, payments