Baltimore homeowner

This Month in Real Estate December 2011

December 5th, 2011

This Month in Real Estate December 2011 has been released! Home sales activity was at a pace of 4.97 million for the year, which is up slightly from last month. The median home sale price was $163,000, down from $165,000 for This Month in Real Estate November 2011. Average interest rate was 4%, down slightly [...]

Fannie Mae Deed-For-Lease Option

August 10th, 2010

Fannie Mae has a Deed-for-Lease option available for those who cannot make their mortgage payments on their homes anymore. This is an option for people who want to stay in their homes but cannot afford to keep them. For many Baltimore homeowners, this may be a viable option. What happens in this case is that [...]

This Month in Real Estate August 2010

August 4th, 2010

This Month in Real Estate August 2010 has been released. As I mentioned in my July 15 post, "Mortgage Rates at Lowest Point in Five Decades," mortgage interest rates have dropped to their lowest level in the past 50 years. On July 29th, that number was 4.54%! Freddie Mac's current average interest rate is at [...]

Baltimore City Property Tax Bill Errors

July 20th, 2010

Baltimore City property tax bill errors were popping up in large amounts last week. Approximately 7,900 city residents received additional bills because of a computer issue, stating that their taxes were past due. Many of those who received the erroneous additional property tax bill were newer Baltimore City homebuyers who bought their homes sometime between [...]

Mortgage Rates at Lowest Point in Five Decades

July 15th, 2010

Mortgage rates are at the lowest point they have been in five decades. The national average is 4.57% for a 30 year fixed conventional loan. MSNBC reports that: Rates have fallen over the past two months. Investors, concerned with the European debt crisis, have poured money into the safety of Treasury bonds. Treasury yields have [...]

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