Today the Fed cut both the Fed Funds Rate and the Discount Rate by .50%. Does this mean that we are going to see mortgage rates drop by a half a percent?
First let me define the Rates that were cut today. The Federal Funds Rate is the interest rate at which depository institutions lend balances [...]
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Homebuyer Tax Credit. If you have not heard of this or not familiar with details, here you go. The credit is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their [...]
The Kansas City Regional Association of Realtors announced today the September home sales numbers. In going through the numbers I see several bright spots. The first being the overall number improved 10.5%, 2,416 less homes on the market, as compared to September 2007.
New home sales were down, but the average sales price of a new home [...]
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