Weekly Blog Update from dana devine

For the week ending October 9, 2009

Thank you for reading my Real Estate industry blog, the devine report. This is a summary of my newest blog entries from the past week.

Publish Date: October 09, 2009
It's A Good Time To Look At Adjustable-Rate Mortgages
Excerpt: According to the Freddie Mac weekly mortgage rate survey, the relative cost of a 5-year ARM is dropping versus its 30-year fixed-rate cousin. During the first 5 months of 2009, the products ran neck-and-neck....

Publish Date: October 08, 2009
Simple Real Estate Definitions : Escrow Account
Excerpt: An escrow account is a designated savings account into which funds get deposited for a specific purpose. With respect to real estate and home loans, escrow accounts are used to pay...

Publish Date: October 07, 2009
The FHA Is Changing Its Streamline Refinance Guidelines November 2009
Excerpt: Beginning November 17, 2009, the FHA will make it harder to qualify for its popular Streamline Refinance program. Available exclusively to homeowners with existing FHA home loans, the streamline program is...

Publish Date: October 06, 2009
Pending Homes Sales Gain For The 7th Straight Month
Excerpt: Buoyed by a generous tax credit, affordable homes, and low mortgage rates, the Pending Home Sales Index posted its seventh consecutive monthly gain in August. It's the longest winning streak in...

Publish Date: October 05, 2009
How Often Should You Change Your HVAC Air Filter? It Depends.
Excerpt: If you haven't changed your home's air filters lately, this 1-minute video will demonstrate just how much energy your HVAC unit is wasting.  A clogged air filter operates with a...