It’s my firm belief that the Federal Housing Authority has extended the suspension of the “anti-flipping” rule to boost sales of foreclosures. Would love to hear your opinions on the latest ruling. The link to the article is…
FHA extends suspension of ‘anti-flipping’ rule for another year.
Over the course of the last few months, I have been adding new West Los Angeles “Neighborhood” information to my site. I have recently added Venice and Culver City to assist buyers looking for homes, condos and townhouses in those premium areas make an informed decision as to the best possible location for their property. Happy hunting!
Mortgage rates headed down again, after lingering at a record low for two weeks. The benchmark 30-year fixed-rate mortgage fell 5 basis points this week, to 4.45%, according to the Bankrate.com national survey of large lenders. In the 25-year history of Bankrate’s weekly survey, the 30-year fixed has never been lower. According to statistics compiled by the National Bureau of Economic Research, the last time mortgage rates were below 4.5% was in April 1953.
Source: Record-Low Rates Slide Further