Mark's Blog

Mark's Blog
The REi Team Blog -
Real Estate News You Can Use!
Haloween Will be Different This Year Now is the Time to Buy a Home The current climate of the economy with the bail out expected this week has seen a rise in mortgage interest rates. Rates have been on the rise for weeks, and I expect them to continue to go up. Now is the time to lock in as low a rate as possible, at near historic lows. Additionally, [...] Watch the News and Lose all Hope I arrive back today from a 4 day vacation where cell phones and laptops don?t work. Wow, what a different world we left behind when we left to come back. We came back to a confused state for some people. One person told me the government was failing and withdrew all offers for properties. Another agreed [...] Government Takeover of Foreclosures Cures Economic Ills The fed is now moving to set up a corporation to take foreclosures from the banks to clear up the banks balance sheets. Lets call it the FRC, the Property Recovery Corporation. I imagine the PRC will buy properties for cents on the dollar to give the banks back some capital. Now, the banks are [...] How Interest Rates Effect Investing Decisions For the third week we have seen mortgage at historically low rates. This is a great time to buy rental properties. When Anne and I were buying rentals we got 30 year fixed rates from 5.5% to 8.5%. Each and every home we bought we are still happy with the financial situation, no matter the [...]