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Weekly Mortgage Rates
  30 Year Fixed 6.35 %
  15 Year Fixed 5.9 %
  1 Year ARM 5.97 %
Freddie Mac Natl. Avg.
Updated 9/4/2008

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David Serle
Real Estate Agent



Office/Direct:
(561) 912-3502


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(561) 912-3501


Cellular:
(561) 756-3104


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NATIONAL NEWS

Friday, August 29, 2008

New CEO named at REA Group 
Australian-based REA Group, which operates RealEstate.com.au in Australia, nine other country-specific sites and a global property site, on Thursday ...

Fixed-rate mortgages more affordable 
Rates for 30-year fixed-rate mortgages averaged 6.4 percent this week with an average 0.6 point, down from 6.47 percent a week ago and 6.67 percent ...

FHA regaining market share 
Private mortgage insurers saw demand hit a low for the year in July, with applications falling 4.6 percent from the previous month and 52 percent from ...

Brokerages can learn from Prudential Georgia 
Editor's note: The following is a reader comment in response to an Aug. 19 Inman News story, "Real estate company makes the news." "In ...

Guardian Mortgage Documents has new parent 
Guardian Mortgage Documents Inc. has been acquired by a former client, LenderLive Network Inc., in the latest fallout related to Mercury Companies ...

Housing bottom: Who cares anyway? 
Jonathan Miller tackles every real estate analyst's favorite game right now -- "calling the bottom." It is probably one of the most talked ...

Thursday, August 28, 2008

iPhone real estate app showdown 
The real estate application category on the iPhone really seems to be filling out. When the upgraded version of the software launched in July, Puluwai ...

Rehava, a one-stop real estate shop 
It's no coincidence that rehava, a real estate company that offers rebates to buyers and flat-fee services to sellers, chose to open in a retail ...

British Columbia home sales at decade low 
Home sales in the Canadian province of British Columbia during July fell to their lowest level this decade amid a rising number of for-sale inventory ...

Forecaster iEmergent sees 2009 bottom in lending 
Purchase-mortgage lending volume will bottom out in late 2009, but won't get back in step with long-term trend lines until 2011 or 2012, market research ...

Formulas for a real estate recovery 
Editor's note: The following is a collection of real estate professionals' views on an industry-related topic. QUESTION: What is the key to the ...

FHA to discontinue risk-based pricing Oct. 1 
Bowing to Congress, the Federal Housing Administration will discontinue risk-based premium pricing on its loan guarantee programs for one year beginning ...

Fannie, Freddie 'profiteering' off borrowers? 
Editor's note: The following is a reader comment in response to an Aug. 18 Inman News story, "Buyers flock to FHA, government-backed loans." ...

Dreaming of a low-rate future 
Dan Green of The Mortgage Reports in a recent blog post gives readers a breakdown of the effects of the surging dollar on mortgage rates. Green contends ...

Wednesday, August 27, 2008

Quantity, quality vary at real estate search sites 
A report commissioned by property search company Roost found that property information can vary widely in volume and accuracy among online sites, with ...

Study sets benchmarks for customer service 
A first-of-its-kind ranking of customer satisfaction with national real estate brokerages not only gives Keller Williams and Prudential something to ...

Frontdoor signs deal with Relocation.com 
Frontdoor.com, an online real estate listing service powered by HGTV, has added content from Relocation.com that aims to help consumers make more ...

Social media can do wonders for RE biz 
Many real estate professionals look at social media and wonder, "It looks great, but how can I really use it in my business?" Benn Rosales ...

Theft of escrow funds nets 12 years in prison 
The former owner of an Ohio title insurance agency has been sentenced to 12 years in prison and ordered to pay more than $7 million in restitution ...

Real estate marketing and an orange monkey 
  Editor's note: In these Factory Tour segments, we bring you a behind-the-screen look inside the office environments at real estate technology ...

Mortgage applications up slightly 
Mortgage applications nudged up slightly last week as a small increase in refinance applications was all but cancelled out by a reduction in applications ...

Tuesday, August 26, 2008

Media company joins real estate auction venture 
The Los Angeles Times Media Group has joined a real estate auction venture that is selling bank-owned foreclosure properties and builder-owned properties. ...

MeGlobe crosses online language barriers 
It may sound like the stuff of science fiction: Instant language translation during live communication. And it's not a perfect science yet, but the ...

Fannie, Freddie shun N.Y. subprime loans 
Housing advocates say mortgage financers Fannie Mae and Freddie Mac are overreacting to a New York law the companies say creates new legal liabilities ...

Lenders still plagued by fraud 
Mortgage fraud continues to be an issue in newly originated loans, according to a report from the Mortgage Asset Research Institute that shows a 42 ...

Home prices on less slippery slope? 
The rate of decline in U.S. home prices slowed during the second quarter, but the 4.8 percent year-over-year drop in a house-price index that relies ...

MLS future: Bring a big gun 
Rob Hahn, in a post titled, "To Hunt Elephants, You Need an Elephant Gun," discusses one of the hottest topics in real estate: the multiple ...

New-home sales rate sinks 35.3% in July 
The sales rate for new single-family homes fell about 35.3 percent year-over-year in July, the U.S. Census Bureau and Department of Housing and Urban ...

Home-price index falls 15.9% in June 
A monthly price index for 20 U.S. metro areas dropped 15.9 percent year-over-year in June, with the sharpest declines in the Las Vegas, Miami and Phoenix ...

Monday, August 25, 2008

NAR: Resale home prices, sales fall 
The sales rate for of U.S. resale homes dropped 13.2 percent in July compared to the same month last year, and the national median price dropped ...

Finding 'best value' in local markets 
ZipRealty, a full-service residential real estate brokerage, announced a new online tool at ZipRealty.com that allows site users to vote on whether ...

Point2 to syndicate Realcomp listings 
Michigan's biggest multiple listing service, Realcomp, will send listings to syndicator Point2 Technologies Inc. when authorized by member brokers ...

Sunday, August 24, 2008

Trulia unveils blogging platform, mobile tools 
The latest batch of new features at real estate site Trulia.com includes a simplified blogging platform, mobile tools for property searches that use ...

Trulia unveils blogging platform and mobile tools 
The latest batch of new features at real estate site Trulia.com includes a simplified blogging platform, mobile tools for property searches that use ...



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