As you may know, the government now has taken control over Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac guaranteed or owned over half of the mortgage loans issued in the financial market. With their reoccurring loses in the billions and no sign of a fast mortgage market turn around, the government had to step in and take over. As a result, investing in mortgage back securities went up and mortgage rates have gone down. Who is this benefiting? Well it’s benefiting current home buyer’s with lower rates, and it’s providing perspective buyer’s with confidence to go out and buy there dream home.
For the full story and more go the Dallas Morning News at http://hosted.ap.org/dynamic/stories/M/MORTGAGE_GIANTS_CRISISSITE=TXDAM&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2008-09-08-12-35-17.
If your are looking to buy or sell a home please contact Archwood Properties at 214-505-9420 or by mail at firstname.lastname@example.org.
Thinking about buying a home? Don’t know if the time is right. Well, maybe a $7,500 tax credit will give you an incentive to buy. Combine this with lowering mortgage rates, and there should be no reason for someone to purchase a home. For more information on the new tax credit please go to the National Association of Home Builders website at http://federalhousingtaxcredit.com/.
If you have any questions on the new tax credit or any other real estate news please contact Archwood Properties at 214-923-0261 or by mail at email@example.com.
Have you noticed the new developments at the intersection of Stacy and Interstate 75 in Fairview and Allen? Many people are wondering what is going on? Well, a billion dollar project of retail, residential, office, and hotel space is going on. The project known as the Villages of Allen and Fairview, will bring millions of dollars of extra revenue and thousands of new jobs into each city. This is a big plus to local homeowners, because it will allow them to shop, eat, and relax close to home without traveling to surrounding cities. Allen and Fairview are some of the fastest growing cities in Texas, due to their reputable school districts and lower crime rates. As a resident of Allen for over 4 years, I’m happy to see this new transformation. I will be looking forward to the new restuarants and retailers in the area. Also, there will be a mix of green spaces incorporated into the project to make it feel more eco-friendly. The full article can be found on the Dallas Morning News website at http://www.dallasnews.com/sharedcontent/dws/bus/industries/commrealestate/stories/DNvillage_22cre.ART.State.Edition1.4e8463d.html.
For more information on the Allen and Fairview areas please contact us at 214-505-9420 or email us at firstname.lastname@example.org.