30-year mortgage rate slips further (CNN Money) NEW YORK (CNNMoney.com) - Mortgage rates were mixed this week, with the 30-year rate dipping slightly and one- and five-year rates posting slight gains.read more...
Illinois home sales off slightly, but prices are up First-quarter home sales in Illinois dipped slightly below the hot year-ago pace but prices continued to rise, according to the Illinois Association of Realtors.via
Getting a Mortgage with Bad Credit (Bastrop Daily Enterprise) (ARA) - Having bad credit is not the end of the world and it's not impossible to get a loan. Generally, credit scores below 600 are considered sub-prime and the
Customers Warned Against Purchasing Unpurified Drinking Water For additional Bahamas news and commentary please select from the category menu on the left.read more...
FBI to probe 21 high-risk mortgage firms (The Washington Times) The FBI announced Wednesday that it is investigating 21 high-risk mortgage companies, up from 17 companies as recently as March.read more...
Wachovia to Buy California Lenders Westcorp, WFS for $3.9 Billion in Stock Wachovia Corp. agreed to buy Westcorp and the publicly held shares of its subsidiary, WFS Financial Inc., for $3.91 billion to add California's biggest provider of loans to used-car buyers.read
“A top agent who charges a top commission is going to have a huge amount of experience, great negotiating skills and they’re going to do everything they can to increase the bottom line of that client.”
New real estate Web sites are offering home sellers alternatives to paying the traditional six percent commission to agents. People who have used the Web site services have realized more than $10,000 in savings in some cases.
With the real estate market cooling, most sellers are starting to think twice about the best way to get a house sold, quickly and at the price they want.
And that question has led some sellers to challenge the traditional commission.
Ask top Denver realtor Laurie Erb whether the six percent commission is dead or dying and there will be an instant reply. “No, absolutely not,” she said. Read more
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