Wednesday, July 25, 2012

Weekly Rate and Real Estate Update, 7.25.12

It's hot out there and it’s not just the temperature!

Dan’s activity this week:

There is never a dull moment in real estate.  Of the two closings I had scheduled for last Friday, the one I thought wouldn’t happen did and the one I thought would happen didn’t!  So after another delay, we did close yesterday…8 days late…but it closed.

We are finishing up negotiations on the inspection response from last week.  Hopefully the sellers will see the work that needs to be done. Again, my August closing is on track.  My clients reoffered on the Short Sale last week and no word back yet from the bank of course.  Hopefully we’ll hear something by Friday and it will be good news. 

I’m also selling 6 potential rental properties for an investor client of mine in Indianapolis.  Four of them are Active now and two will be up shortly.  If you ever wanted to get into the landlord business, give me a call!

I’m sure you’ve seen our personal renovation updates on the blog and if you haven’t you need to.  See that post HERE!  To summarize, true to renovation history, there are daily issues to deal with that you can’t plan out but only deal with as they arise.  We are starting to move things in slowly with the bulk of the moving this Friday and Saturday.  Our family is ready to be settled and to be home!

Rates for the week

From the IBJ... The average rate for 30-year mortgages fell from 3.79 percent to 3.78 percent for the week ended July 18, according to The rate for 15-year mortgages fell from 3.05 percent to 3.04 percent.

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