Wednesday, October 24, 2012

Weekly Rate and Real Estate Update, 10.24.12

A great weekend!

Dan’s activity this week:

I know why it was quiet last week on the showings…all the REALTORS® were down in Bloomington riding in the Hilly Hundred bike ride!  I should know…I was there and saw a lot of agents riding.  Day 1 was a little chilly and wet but that helped keep the 57 miles a cool ride.  Day 2 was much warmer and sunny, perfect for a 43 mile outing.  It was a great weekend, but my legs are still feeling the effects.

The consultation last week went well.  One thing to consider out there: if you purchased a home with the First Time Homeowner Tax Credit offered by the US Government in 2008-2010, make sure you read the fine print.  If you sell that home before your 36 month commitment is up, you owe the entire amount back on that year’s taxes!   

Also received a call, while in Bloomington, from a friend of a friend who is ready to sell their home in Carmel and move up in either Carmel or Fishers!  They had been using another agent and it just wasn’t working out for them.  I’m ready for the opportunity, let’s get going!

 Rates for the week

From the IBJ... The average rate for 30-year mortgages rose from 3.59 percent to 3.62 percent in the week ended Oct. 17, according to The rate for 15-year mortgages rose from 2.88 percent to 2.91 percent

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