Wednesday, September 12, 2012

Weekly Rate and Real Estate Update, 9.12.12

Rates stay steady...

Dan’s activity this week:
We are just waiting on the mortgage company to say when they will be ready to close on my client’s purchase of the foreclosure in Westfield.  Lenders are very busy still with all the refinances along with increased home buying.  Originally we were set to close next Thursday, however, everyone wants to close this one as early as we can so this Friday may still be an option!

The short sale is still slowly moving along.  It looks like the HUD statement got wrapped up and the deal is off to the Mortgage Insurance company to see it they will accept their loss in this deal.  Sometimes those guys are the sticking point and not necessarily the banks themselves, but I still like to blame them all!

I had great activity on my listings over the last week.  The new listing in Carmel had a couple of showings but more importantly one group that saw the home was really reading the Seller’s Residential Sales Disclosure which is a good sign they have more than a casual interest.  Another listing had multiple showings along with a second showing.  Although we haven’t received an offer yet I think we are getting pretty close.

Save the date of Sunday, October 14th from 3-6…that’s when the “secret” project is set for!  Invites should drop by the end of this week so if you read this blog with regularity, are in the Indy area but don’t think I have your mailing address and email, feel free to email that to me so I make sure to get you included for this event.  Below is a sneak peak at the invite...

If you haven’t seen it yet or want to see it again…our renovation project is updated so click HERE to see the latest!

 Rates for the week
From the IBJ... The average rate for 30-year mortgages fell from 3.80 percent to 3.79 percent in the week ended Sept. 5, according to The rate for 15-year mortgages rose from 3.03 percent to 3.04 percent.

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