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  Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.35 percent with an average 0.7 point for the week ending September 04, 2008, down from last week when it averaged 6.40 percent. Last year at this time, the 30-year FRM averaged 6.46 percent. Yes, prices are down. Yes, there are a lot of foreclosures involved. And, yes, Southern California’s sales are going through the roof. DataQuick.com reports sales up in the double digits for the second month running. Sales are up ranging from 10 to 48 percent across the region. Should the Federal Trade Commission develop national licensing requirements and standards regulating the middlemen who conduct thousands of tax-deferred real estate exchanges every year? Inheriting real estate can be one of the most painful ways to acquire property. You've lost a loved one and now you have your loved one's primary residence to handle. If you plan to sell the property make sure you read on to get a general idea about what to do next. The standard California residential real estate purchase contract, which is produced by the California Association of Realtors (CAR), contains a default seventeen-day inspection and contingency period. This provision is not mandatory. The buyer and seller can agree to change the length of this period, or not to have it all. The provision is a default in the sense that it stands unless the parties affirmatively decide to change it. |
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