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September 2008 - Posts

Sunday, September 28, 2008 11:58 AM

What is going on with Mortgages?

We met this week with a regional director for Wells Fargo in order to try and get a handle on what is going on in Washington and how it will effect us all. Without putting blame anywhere, as I understand it, the "Crisis" occured because there
Posted by Donna Schrimpf-Gum | 0 Comments
Monday, September 08, 2008 3:03 PM

Fannie and Freddie What does it mean to you?

Now that both Fannie Mae and Freddie Mac are government backed, the investors are back! That means that interest rates will drop. Rates have already dropped today to below 6% and from what several lenders are telling me, by tomorrow the rates will be
Posted by Donna Schrimpf-Gum | 0 Comments
Saturday, September 06, 2008 2:55 PM

Home Sales for July and August

Here is your update on the Real Estate Market at Lake of the Ozarks. The numbers are taken directly from the Bagnell Dam Board of Realtors. Month/Yr............# Homes Sold.......................Days on the Market July '08.....................122
Posted by Donna Schrimpf-Gum | 0 Comments
Thursday, September 04, 2008 1:48 PM

First Time Home Buyer Tax Credit

With the change in the demographics at Lake of the Ozarks, first time home buyers are becoming an ever more important part of our business. This tip is for you! The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit to qualified
Posted by Donna Schrimpf-Gum | 0 Comments