Welcome to REICAUSTIN

The Real Estate Investment Club of Austin (REICAUSTIN) is a major resource center for facilitating real estate related activities regarding the buying and selling of residential and commercial properties.

Attention Homeowners:

Experiencing any of the following issues?

- Death in the family (Non-use of an inherited property?)

- Health issues (Overwhelming medical bills?)

- Divorce

- Disaster (Fire damage, Bankruptcy, unpaid insurance claims, lawsuits, etc)

- Pending foreclosure

We can help! Come to our monthly meeting or contact us, see how we can help resolve your conflicts.

 

News You Can use 

21 July 2010 the Senate committee passed a key procedural hurdle by pushing back the deadline to file for extended unemployment benefits until the end of November. The bill now goes to the House for approval.

The financial reform bill passed by Congress will extend the Protecting Tenants at Foreclosure Act (PTFA) through the end of 2014. 

It is estimated by governmental agencies that only five banks currently control more than 65% of the current mortgage market.

 

Mortgage Analysis for the week ending 24 July 2010

For Fannie Mae Economics and Mortgage Market Analysis

go to http://www.fanniemae.com/media/economics/index.jhtml

 

Freddie Mac Weekly Primary Mortgage Rate

 

July 22, 2010	30-yr	15-yr	5/1-yr ARM	1-yr ARM
Average Rates:	4.56%	4.03%	3.79%	3.70%
Fees & Points:	0.7	0.7	0.6	0.7
Change	- 0.01%	- 0.03%	- 0.06%	- 0.04%

 

For Historical Mortgage Data from Inside Mortgage Finance go to http://www.imfpubs.com/data/

 

National Fixed Rate Mortgage figures go to

http://www.erate.com/mortgage_rates_search.htm

  

Best Rates July 22, 2010	Yesterday	Today
30-yr	4.69%	4.66%
15-yr	4.08%	4.05%
FHA 30 Year Fix	4.70%	4.67%
Jumbo 30 Year Fixed	6.10%	6.08%
5/1 Year ARM	3.70%	3.66%