Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.71 percent with an average 0.7 point for the week ending December 3, 2009, down from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.53 percent. The 30-year has never been this low since Freddie Mac began its weekly survey in 1971.
Fannie Mae calls its latest REO home sales program "First Look," but investors might want to call it "Second Look."
As students returned to their schools this semester, many searched for the ideal home to rent. That's good news for homeowners-turned-landlords. When the housing crisis hit, many homeowners who couldn't sell their properties decided to rent them. But the rental market can be a tough market these days due to falling rents.
The two A's of success are Actions and Attitudes. You have to have both to achieve sustainable success in life. Having one without the other will only allow you to achieve a mild level of success. Having both will enable you to accomplish anything!
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