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New mortgage rules take effect January 2014

-from the Washington Post

Checklist for potential home buyers

If you are considering buying a home next year, there are a few things you might want to consider now that the government has issued new mortgage-lending rules.

The rules, introduced by the Consumer Financial Protection Bureau on Thursday, essentially protect borrowers from many [...]

Comparatively, Interest Rates STILL Remarkably Low

Leader Bank Loan Officer Mike King sent over these charts comparing FHLMC interest rates on 30 year loans and also interest rates over the last 200 (no, that's not a typo) years. It really makes you appreciate where things stand and the kind of opportunity available for buyers. Property inventory is increasing slowly as we enter the spring [...]

Marketwatch from the Multiple Listing Service

The Multiple Listing Service has released their Marketwatch Report for the 4th Quarter 2011 (the 1st page of Suffolk County is below). For the entire Marketwatch Report for Suffolk County, click on the graphic. If you'd like to talk about this data (or need any help decoding it), please give us a call - we'd love to talk to [...]

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