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Mortgage Rates: Lowest Mortgage Rates Stay Put, Could Reprice for the Better

26 July, 2011

Todays lowest mortgage rates are staying put, but could reprice for the better after the release of a positive economic data report that jobless claims dropped below 400,000.

Current 30 year fixed mortgage interest rates are at 4.375% and 15 year fixed mortgage interest rates are at 3.500%. These two types of conforming mortgage loans provide security to borrowers with monthly mortgage payments that remain the same for the life of the loan. 5/1 ARM loan rates are at 2.750% which is a good deal for those who fully understand adjustable rate mortgages and how they eventually change.

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Monitor, manage your online real estate reputation

26 July, 2011

SAN FRANCISCO — The pace of adoption for new technologies has exponentially quickened in the Internet era, and managing the many channels of online conversations can be vital to promoting and protecting your professional brand and reputation, said tech execs for HootSuite and Honestly.com.

Ryan Holmes, CEO for HootSuite, a social media dashboard that aggregates content from several social and business networks, noted that Google’s new social play, Google+, gained 10 million users in about 15 days.

“Social is very fast-moving and very fast-growing,” he said.

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Massachusetts AG Will Not Sign Foreclosure Settlement That Grants Banks Broad Release of Liability

26 July, 2011

According to articles in the Boston Globe and Bloomberg this morning, Massachusetts State Attorney General Martha Coakley will not sign on to any foreclosure settlement that offers a broad releases of liability to banks.  She was quoted in the Globe as saying:

We want to be clear we are not prepared to give a release of liability on any broad scope of MERS [Mortgage Electronic Registration Systems] issues.  We intend to complete the investigation.

A little background: MERS is an electronic system designed to make it easier to bundle and securitize mortgages.  

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Sales rep sponsors Ethiopian Summer Festival

25 July, 2011

Joseph T-Giorgis, a sales rep with Sutton Group Medallion Realty, was a Gold sponsor of the second annual Ethiopian Summer Festival recently in Burnaby, B.C. The event featured a Wubit cultural show and numerous other dance and musical performances, a soccer tournament, arts and crafts vendors and a children’s activity area.

T-Giorgis says he is pleased to lend his time and financial support to this unique cultural festival.  “Building a sense of community is easy but maintaining that sense of community is difficult in a fast-paced society like ours. Thes

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WSJ: Why It’s Time to Buy

25 July, 2011

Just read a great article in the Wall Street Journal that I did not want you to mis “.” (I will be sharing this information Tonight in my Free Live Foreclosure Investor Webinar 6pm PDT. !)

In a nutshell, here is what was said…

“Despite all the gloom, there are growing indications that it is a good time to buy. Mortgage rates are near 50-year lows. Homes have become more affordable than they have been in years: According to Moody’s Analytics, the ratio of home prices to income is now 20.9% lower than the 15-year average through 2010, and 12.5% lower than the 1989-2004 average. A historic glut of homes, meanwhile, has created a buyer’s market.”

“Such conditions might not last long. Moody’s Analytic

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