HudPros.com » Interest rate http://hudpros.com Real Estate Investing Information Fri, 09 Apr 2010 14:56:20 +0000 http://wordpress.org/?v=2.8 en hourly 1 Mortgage Rates Drop http://hudpros.com/home-mortgage/mortgage-rates-drop/ http://hudpros.com/home-mortgage/mortgage-rates-drop/#comments Thu, 07 Jan 2010 17:04:35 +0000 RE Investor http://hudpros.com/?p=91

Real Estate = Big MoneyIt looks like interest rates are not sure what to do.  They are in a holding pattern for the most part.  If you are waiting to buy a home for interest rates to drop, they might not drop much more.

This article gives some good insight into what is happening with the interest rate.

Rates on 30-year home loans fall to 5.09 percent

Rates for 30-year home loans inched downward this week, the first decline in a month, but remained above last month’s record lows.

The average rate on a 30-year fixed mortgage was 5.09 percent this week, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday.

Rates dropped to a record low of 4.71 percent in early December, pushed down by an aggressive government campaign to reduce consumers’ borrowing costs, but then rose steadily for the rest of the month.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day, often in line with long-term Treasury bonds.

The Federal Reserve is pumping $1.25 trillion into mortgage-backed securities to try to bring down mortgage rates, but that money is set to run out next spring. The goal of the program is to make home buying more affordable and prop up the housing market.    –more

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]]> http://hudpros.com/home-mortgage/mortgage-rates-drop/feed/ 0 How To Purchase Tax Lien Certificates http://hudpros.com/tax-auctions/how-to-purchase-tax-lien-certificates/ http://hudpros.com/tax-auctions/how-to-purchase-tax-lien-certificates/#comments Wed, 30 Dec 2009 15:38:48 +0000 RE Investor http://hudpros.com/?p=77
A panorama of a research room taken at the New...

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Another one of the investing strategies that can greatly increase your portfolio is investing in tax lien certificates.  Learning the process of how to do it isn’t so difficult, but learning how to properly research a property can be time consuming.

I found this article that covers how to purchase tax liens as well as much more information on their website.

How To Purchase Tax Lien Certificates

How to purchase tax lien certificates. Learning how to purchase tax lien certificates can take sometime to learn, but can be a very rewarding investment. The process varies from state to state, but the basics are the same.

The first step is learning where to look for tax lien certificates. There are two types of tax lien certificates available for investors to purchase. The first type is through a tax lien auction.

Tax lien auctions are usually held once a year in a particular county. The auctions are advertised in the local newspaper and on the county website if the county has a website. If you are unsure where to look for the list of upcoming tax certificates, contact the county tax collector or county treasurer and they should be able to tell you where you can find the list.

More and more counties are choosing to hold online tax auctions rather than physical auctions at the courthouse. This means that more investors have the opportunity to invest in tax certificates across the country without leaving home.

The downside to online tax lien auctions is more investors turn out for the auctions making them competitive. The interest rates are often bid down significantly.    –more

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