Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conforming- 30YR 4.0%, 15YR 3.375%, 5YR ARM 3.0%
Non Conforming- 30YR 4.875%, 15YR 4.375%, 5YR ARM 3.375%
FHA- 30YR 3.875%, 15YR 3.5%, 5YR ARM 3.125%
VA- 30YR 3.875%, 15YR 3.5%, 5YR ARM 3.5%

Atlanta Georgia Real Estate News Update
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Atlanta Real Estate Investment News
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Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conforming-30YR 3.875%, 15YR 3.25%, 5YR ARM 2.75%
NON-Conforming- 30YR 4.625%, 15YR 4.25%, 5YR ARM 3.25%
FHA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.0%
VA-30YR 3.75%, 15YR 3.5%, 5YR ARM 3.375%

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 3.875%, 15YR 3.25%, 5YR ARM 2.75%
Non-Conforming- 30YR 4.625%, 15YR 4.25%, 5YR ARM 3.25%
FHA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.0%
VA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.375%

Atlanta Georgia Real Estate News Update
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Atlanta Georgia Real Estate News Update
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Atlanta Georgia Real Estate Short Sale Update
HAFA Process Improvements
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Atlanta Georgia Real Estate News Update
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Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 4.0%, 15YR 3.5%, 5YR ARM 2.875%
Non-Conforming- 30YR 4.75%, 15YR 4.375%, 5YR ARM 3.5%
FHA- 30YR 3.875%, 15YR 3.5%, 5YR ARM 3.125%
VA-30YR 3.875%, 15YR 3.5%, 5YR ARM 3.5%

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 3.875%, 15YR 3.375%, 5YR ARM 2.875%
Non-Conforming- 30YR 4.875%, 15YR 4.25%, 5YR ARM 3.375%
FHA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.125%
VA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.375%

Atlanta Georgia Real Estate News Update
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Article provided by: Realtor.org

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 4.0%, 15YR 3.5%, 5YR ARM 3.0%
Non-Conforming- 30YR 4.75%, 15YR 4.375%, 5YR ARM 3.5%
FHA- 30YR 3.875%, 15YR 3.5%, 5YR ARM 3.125%
VA- 30YR 3.875%, 15YR 3.5%, 5YR ARM 3.5%

Atlanta Georgia Real Estate News Update
www.MarkSpain.com

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Article by DSNews.com

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming: 30YR 3.875%, 15YR 3.375%, 5YR ARM 2.875%
Non Conforming: 30 YR 4.5%, 15YR 4.25%, 5YR ARM 3.5%
FHA: 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.125%
VA: 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.5%

Atlanta Georgia Real Estate Interest Rate Update
www.markspain.com

Conforming- 30YR 4.0%, 15YR 3.375%, 5YR ARM 3.0%
Non Conforming- 30YR 4.875%, 15YR 4.5%, 5YR ARM 3.375%
FHA- 30 YR 3.75%, 15YR 3.5%, 5YR ARM 3.0%
VA- 30YR 3.75%, 15YR 3.5%, 5YR ARM 3.375%

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming-4.0% 30Yr, 3.375% 15Yr, 2.875% 5Yr Arm
Non Conforming- 4.75% 30Yr, 4.5% 15Yr, 3.375% 5Yr Arm
FHA- 3.875% 30Yr, 3.5% 15Yr, 3.0% 5Yr Arm
VA- 3.875% 30Yr, 3.5% 15Yr, 3.5% Yr Arm

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming- 30YR 4.0% 15YR 3.5% 10YR 3.875% 7YR ARM 3.625% 5YR 3.0%
Non-Conforming 30YR 4.875% 15YR 4.5% 10YR 4.375% 7YR ARM 4.0% 5YR 3.5%
FHA- 30YR 3.875% 15YR 3.5% 7YR ARM 3.625% 5YR 3.125%
VA- 30YR 3.875% 15YR 3.5% 7YR ARM 3.625% 5YR 3.125%

Atlanta Mortgage Rates:
Loan type Conventional FHA Jumbo
30-year
4.0% 3.875% 4.875%
15-years
3.5% 3.5% 4.5%
5-year ARMS
3.0% 3.125% 3.625%
Call Mark Spain Today 770-886-9000

Thirty-Year Mortgage Rate Falls Below 4%
The average rate for the conventional 30-year fixed mortgage has dropped below the 4 percent mark for the first time in history, according to numbers released Thursday by Freddie Mac. The GSE's market analysis also shows that the 15-year fixed rate - which has become a popular refinancing option among existing homeowners - fell to its lowest level on record for the sixth consecutive week.

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
3.75% 3.75% 4.5%
15-years
3.25% 3.5% 4.375%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000
http://www.markspain.com

Refinancing Is Key to Housing Market Recovery
If all of Fannie Mae's and Freddie Mac's borrowers paying interest rates that are higher than the median rate were to refinance at 4 percent, the savings would total $63 billion. While such an option would not bring the total $63 billion in savings to fruition, Moody's chief economist, Mark Zandi, says "even a fraction would be a big plus." According to Zandi, the single most effective policy move for the housing market would be to facilitate more mortgage refinancing

Atlanta Real Estate:
Fixed Mortgage Rates Sink to Lowest on Record
Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve's announcement of "Operation Twist." Data released by Freddie Mac Thursday puts the average 30-year fixed-rate mortgage at 4.01 percent for the week ending September 29, and the 15-year fixed-rate at 3.28 percent. Interest rates for adjustable-rate mortgages (ARMs), however, were virtually unchanged. The 5-year ARM averaged 3.02 percent and the 1-year ARM came in at 2.83 percent.

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
3.875% 3.75% 4.5%
15-years
3.25% 3.5% 4.0%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000

Atlanta Mortgage Rates:
www.markspain.com
Loan type
Conventional FHA Jumbo
30-year
3.875% 3.75% 4.5%
15-years
3.25% 3.5% 4.0%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain today 770-886-9000

Atlanta Real Estate:
www.markspain.com
Existing-Home Sales Jump Nearly 19% From Last Year
Last month's 18.6 percent surge in existing-home sales from a year earlier had some market observers doing a double-take. But the fact that the median home price was down more than 5 percent from August 2010.
Mark Spain 770-886-9000

Atlanta Mortgage Rates:
Conventional FHA Jumbo
30-year
3.75% 3.75% 4.375%
15-years
3.125% 3.5% 4.0%
5-year ARMS
3.0% 3.0% 3.5%
Call MArk Spain Today 770-886-9000

Atlanta Real Estate Mortgage Rates
Loan type
Conventional FHA Jumbo
30-year 4.0% 3.875% 4.75%
15-years 3.25% 3.5% 4.0%
5-year ARMS 3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
Foreclosed Inventories Down by 17%
Banks held about 476,000 homes that they repossessed from delinquent mortgage borrowers as of the end of July, according to Barclays Capital. That tally represents a 17 percent contraction from 574,000 REOs on the books just 10 months earlier, in September of 2010. The average number of months a loan has spent in foreclosure has climbed from around 10 months just before October of last year to more than 12 months today.

Atlanta Mortgage Rates:

Conventional FHA Jumbo
30-year
4.0% 3.875% 4.75%
15-years
3.25% 3.5% 4.125%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
Mortgage Rates Still Falling.
The 30-year fixed-rate mortgage and the 15-year fixed-rate mortgage both set new record lows this week. Freddie Mac's believes the new lows are the result of concerns surrounding the European debt market, which has driven investors to the safety of U.S. Treasury bonds and allowed mortgage rates to ease. Freddie Mac puts the average 30-year fixed rate at 4.09 percent and the 15-year rate at 3.30 percent.

Atlanta Mortgage Rates
Loan type
Conventional FHA Jumbo
30-year
4.0% 3.75% 5.0%
15-years
3.375% 3.5% 4.125%
5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain Today 770-886-9000
www.markspain.com

Atlanta Real Estate
www.markspain.com
Mortgage Rates Fall to New Record Lows.
Borrowing costs for home loans falling to new lows, slipping further from what was already reported as the lowest level for mortgage interest rates in more than a half-century. Freddie Mac now puts the average rate for a 30-year fixed mortgage at 4.12 percent and the 15-year rate at 3.33 percent.
Call Mrrk Spain Today 770-886-9000

Atlanta Real Estate
CMBS Delinquencies Decrease for Third Month in Past Four
After rising in July, CMBS delinquencies picked up their downward trend again in August, decreasing 36 basis points to 9.52 percent. This drop is the third in the past four months, according to analysis released by Trepp LLC, a provider of commercial real estate data. Serious delinquencies also declined for the month and now make up 8.79 percent of commercial mortgage loans.

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com

Conforming
30 Yr. 4.125%
20 Yr. 3.875%
15 Yr. 3.375%
10 Yr Fixed 3.25%
5 Yr ARM 3.0%

Non Conforming
30 Yr. 4.75%
15 Yr. 4.0%
5 Yr. ARM 3.5%

FHA
30 Yr. 4.125%
15 Yr. 4.0%
5 Yr. ARM 3.0%

VA
30 Yr 4.125%
15 Yr. 4.0%
5 Yr. ARM 3.0%

Atlanta Real Estate
Mortgage Industry Headed for Recovery
The default risk associated with newly originated mortgages continues to improve, according to the analysts at University Financial Associates (UFA). The company's default risk index for the third quarter indicates that with today's economic conditions, lenders and investors should expect defaults on new loans to be 32 percent higher than loans from the 1990s. That's down from an elevated risk of 41 percent during the first part of this year.

Atlanta Mortgage Rates:
http://www.markspain.com
Loan type
Conventional FHA Jumbo

30-year
4.125% 4.125% 4.875%

15-years
3.375% 3.5% 4.125%

5-year ARMS
3.125% 3.125% 3.5%
Call Mark Spain today 770-886-9000

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
4.125% 4.125% 4.75%

15-years
3.375% 4.0% 4.0%

5-year ARMS
3.0% 3.0% 3.5%
Call Mark Spain for more information 770-886-9000
www.markspain.com

Atlanta Short Sales
Pre-Foreclosure Short Sales Jump 19% in Second Quarter
Short sales shot up 19 percent between the first and second quarters, with 102,407 transactions completed during the April-to-June period, according to RealtyTrac. Over the same timeframe, a total of 162,680 bank-owned REO homes sold to third parties, virtually unchanged from the first quarter. RealtyTrac's study also found that the time to complete a short sale is down, while the time it takes to sell an REO has lengthened. Discounts on both types of distressed properties increased last quarter.
Call MArk Spain For More Information on short sales 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate Mortgage Information:

Loan type
Conventional FHA Jumbo

30-year
4.125% 4.125% 5.0%

15-years

3.375% 3.5% 4.75%

5-year ARMS

3.125% 3.125% 3.5%

Atlanta Real Estate
Industry's Shadow Inventory of Distressed Homes Shrinks.
Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor's, the obscurity hiding in the corner is getting smaller. The agency's current estimate of time-to-clear the market's distress is 47 months. That represents a five-month decline from its first-quarter estimate.

Atlanta Real Estate:
Mortgage Rates Plunge to Lowest Level in Over Five Decades
Investors' growing appetite for the safety of U.S. Treasury bonds in the wake of European debt troubles and a stagnant economic recovery here in the U.S. has driven mortgage interest rates to their lowest level in over 50 years.
www.markspain.com
Call Mark Spain Today 770-886-9000

Atlanta Mortgage Rates:
Loan type
Conventional FHA Jumbo
30-year
4.0% 4.0% 4.75%
15-years 3.25% 3.5% 4.0%
5-year ARMS
3.0% 3.25% 3.5%

Atlanta Mortgage Rates: Conventional FHA Jumbo
30-year
4.25% 4.25% 4.875%
15-years
3.625% 4.0% 4.25%
5-year ARMS
3.125% 3.25% 3.625%

Atlanta Real Estate
The credit bureau says mortgage delinquencies improved 5.98 percent during the second quarter, with the rate of homeowners 60 or more days past due declining to 5.82 percent. TransUnion predicts delinquencies will continue to decline throughout the year, thanks to conservative lending policies that cater to consumers with higher credit scores.

Atlanta Mortgage rates: www.markspain.com/atlanta
Conventional FHA Jumbo
30-year
4.0% 4.0% 4.75%
15-years
3.5% 3.5% 4.125%
5-year ARMS
3.0% 3.125% 3.5%
Call MArk Spain for more information 770-886-9000

Atlanta Real Estate
Conventional FHA Jumbo
30-year
4.25% 4.25% 4.875%
15-years
3.625% 4.0% 4.25%
5-year ARMS
3.125% 3.25% 3.625%

Atlanta Real Estate
U.S. Downgrade: How Will It Impact Housing Fundamentals?
Congress' last-minute accord to avert a default wasn't enough to save the United States' top rating from Standard & Poor's. The agency downgraded the long-term credit rating of the U.S. to AA+, a grade just below the AAA rating the U.S. had held for 70 years. Analysts were expecting a temporary spike in Treasury yields, which are closely tied to mortgage rate trajectories, but investors responded with a rush on Treasuries, pushing yields down 13 basis points. Fannie Mae, Freddie Mac, and the Federal Home Loan Banks also had their S&P ratings lowered to AA+ on Monday.

Atlanta Real Estate News Update
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Atlanta Georgia Interest Rate Update
www.MarkSpain.com
30Yr
4.25% Conforming
4.875% Non-conforming
4.25% FHA
4.25%VA

15Yr
3.5% Conforming
4.125% Non-conforming
4.0% FHA
4.0%VA

5Yr ARM
3.0% Conforming
3.5% Non-conforming
3.0% FHA
3.0%VA

Atkanta Real Estate
www.markspain.com/atlanta
Home Prices Nearly 7% Below a Year Ago
Home prices in June came in 6.8 percent below June 2010. Even with fewer distressed properties changing hands, short sale and REO transactions are weighing heavy on the market numbers. CoreLogic's shows that when distressed sales are excluded, the year-over-year price decline narrows to 1.1 percent.
Mark Spain 770-886-9000

Atlanta Real Estate
Conforming, Non-Conforming, FHA, VA
30 Year Fixed 4.375% 5.000% 4.250% 4.250%
15 Year Fixed 3.750% 4.375% 4.000% 4.000%
10 Year ARM 3.875% 4.375%
7 Year ARM 3.500% 4.000%
5 Year ARM 3.125% 3.625% 3.250% 3.625%
www,markspain.com

Atlanta Real Estate
The Math Behind the Mortgage Interest Deduction
The staple of American homeownership is expected to be on the chopping block as lawmakers look to trim the nation's deficit. Mortgage interest tax deduction has been part of the federal tax code since 1913. it costs the U.S. Treasury an estimated $94 billion a year.
Call your Senator and Congressman and voice your opinion.
www.markspain.com 770-886-9000

Atlanta Real Estate
Homeownership Tax Benefits Must Be Preserved, Say Realtors®
Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle-class wealth accumulation and hurt economic growth.
www.markspain.com
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
Exiting Homes Sales rise for second month in a row.
Pending home sales increased in June following a wide swing down in April and then up in May, according to the National Association of Realtors®. Activity increased in the West and South but declined in the Midwest and Northeast; all regions show strong double-digit gains from a year ago. www.realtor.org/press_room/news_releases/2011/07/rise_june

Atlanta Real Estate Shoirt Sales:
Major Lenders Offering Perks on Short Sales
The nation's leading mortgage lenders are extending extras for short sale transactions employed as an alternative to foreclosure - both in the form of monetary incentives for borrowers and streamlined procedures for real estate agents. http://ping.fm/t4KOU

Atlanta Georgia Real Estate
Conforming Non-Conforming FHA VA
30 Year Fixed 4.5% 5.25% 4.375% 4.375%
15 Year Fixed 3.75% 4.50% 4.000% 4.000%
10 Year ARM 3.875% 4.5%
7 Year ARM 3.375% 3.875%
5 Year ARM 3.0% 3.5% 3.25% 3.5%

Call Mark Spain Today 770-886-9000
www.markspain.com

Atlanta Real Estate
Mortgage Update:
Loan type Conventional FHA Jumbo

30-year 4.5% 4.375% 5.25%

15-years 3.75% 4.0% 4.875%

5-year ARM 3.0% 3.125% 3.5%
www.markspain.com/atlanta
Call Mark Spian Today 770-886-9000

Atlanta Georgia Real Estate
Homeowners in Denial About Value of Properties
Sellers who bought their houses before the bubble, and those who bought during the big run-up in home values, are overpricing their homes. Those who bought before 2002 are pricing their homes roughly 12 percent over market value, while those who bought from 2002-06 price them about 9 percent over market value.
www.markspain.com/atlanta

Atlanta Georgia Real Estate
Loan type Conventional loans FHA loans Jumbo loans

30-year 4.5% 4.5% 4.75%

15-year 3.5% 4.0% 4.125%

5-year ARM 2.75% 3.25% 3.375%

Atlanta Real Estate-Housing Market
Home sales are expected to outpace 2010 sales by 3 to 5 percent for the remainder of 2011 as the housing market follows the overall economy, according to Freddie Mac.
www.markspain.com/atlanta
Call Mark Spain Today 770-886-9000

Atlanta Real Estate News
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http://ping.fm/DkUGj

Atlanta Georgia Real Estate
Foreclosure Rates Decline!
The number of foreclosure filings for the second quarter of this year were the lowest reported since the fourth quarter of 2007, according to RealtyTrac. June was the ninth consecutive month in which foreclosure activity declined on a year-over-year basis.
www.markspain.com/atlanta
Call Mark Spain today 770-886-9000

Atlanta Real Estate
www.markspain.com/atlanta
Loan type Conventional loans FHA loans Jumbo loans

30-year 4.375% 4.25% 4.75%

15-year 3.5% 4.0% 4.125%

5-year ARM 2.75% 3.25% 3.375%

Atlanta Georgia Real Estate
www.,markspain.com/atlanta
Foreclosure Sales Decline Second Straight Month, while foreclosure starts increased, according to HOPE NOW's monthly mortgage industry data for May 2011. Foreclosure sales nationwide decreased 7 percent from 73,000 in April to 68,000 in the month of May, according to HOPE NOW's data.http://ping.fm/7LzPe

Atlanta Georgia Real Estate Interest Rate Update
www.markspain.com

Conventional:
30yr- 4.625%
15yr- 3.875%
5yr ARM- 2.875%

FHA:
30yr- 4.5%
15yr- 4.0%
5yr ARM- 3.25%

Jumbo:
30yr- 5.0%
15yr- 4.125%
5yr ARM- 3.375%

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conventional Loans
30yr- 4.625%
15yr- 3.75%
5-yr ARM- 2.875%

FHA Loans
30yr- 4.5%
15yr- 4.0%
5-year ARM- 3.25%

Jumbo Loans
30yr- 5.0%
15yr- 4.125%
5-Yr ARM- 3.375%

Atlanta Real Estate
Fannie Mae's Serious Delinquencies Decline for 15th Straight Month
http://ping.fm/N7SIX
Call Mark Spain Today 770-886-9000
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Atlanta Real Estate
Pending home sales rose strongly in May with all regions experiencing gains from a year ago, pointing to higher housing activity in the second half of the year, according to the National Association of Realtors®.
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For more Informations call Mark Spain today 770-886-9000

Real Estate Veteran Reveals Five Trends to Watch in a Struggling Market !
Greg Rand, a 20-year real estate veteran and author of "Crash Boom," recently divulged five new trends in the struggling housing market. The secret to making sure your real estate doesn't turn into a money pit, he says, is to watch these trends so you can predict where prices will rise and where they won't. Rand contends that no matter how the markets change, no matter which way the winds shift, people will always need a place to live - an ideal that's been true of America since the first log cabin. http://ping.fm/QGUEq

Atlanta Real Estate

Conventional loans FHA loans Jumbo loans

30-year
4.5% 4.375% 4.875%

15-year
3.625% 4.0% 4.0%

5-year ARM
2.625% 3.25% 3.25%

Atlanta Real Estate
According to an analysis authored by a former chief economist of Freddie Mac and a real estate economics professor at University of Aberdeen, responsibility for the failure of Fannie Mae and Freddie Mac falls directly on regulators and indirectly on their political overseers. The two analysts argue that the U.S. government's involvement in housing finance nurtured the excessively risky loans that fueled the housing bubble of the last decade and resulted in the systemic collapse of the global financial system.
www.markspain.com
770-886-9000

Atlanta Georgia Real Estate News Update
www.MarkSpain.com
http://ping.fm/ChfFy

Atlanta Real Estate, weekend Mortgage rates:

Loan type Conventional loans FHA loans Jumbo

30-year 4.375% 4.25% 4.625%

15-year 3.5% 3.5% 3.875%

5-year ARM 2.625% 3.25% 3.0%

For More Information Call Mark Spain 770-886-9000
or visit www.markspain.com

More Distressed Sales and Fewer Delinquencies
The shadow inventory of repossessed and soon-to-be repossessed homes not yet visible to the market has been trimmed, according to CoreLogic. The company reports that as of April 2011, the industry's shadow supply fell to 1.7 million units, down from 1.9 million a year earlier. CoreLogic attributes the decline to fewer new delinquencies. Read More! http://ping.fm/ewFth

Analysts Don't Foresee Rise in Home Prices Until 2014
Markets across the country are in full-fledged correction mode. That combined with the prevalence of foreclosures has analysts at the research firm Capital Economics convinced that the double dip in home prices will continue throughout this year.Economics expects up to three million foreclosed homes to make their way to the market over the next few years. http://ping.fm/GyGEW

Atlanta Real Estate:
Stability Ahead as Distressed Property Prices Rise
Clear Capital sees signs of market stability as we move into the summer months. New data released Thursday by the company shows that U.S. home prices continue to fall, but the 2.3 percent drop recorded for three months ending in May-Read More
http://ping.fm/SAqHr

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conventional- 30 yr 4.375%, 15yr 3.5%, 5-year ARM 2.625%
FHA loans- 30 yr 4.25%, 15yr 3.5%, 5-year ARM 3.25%
Jumbo loans- 30 yr- 4.75%, 15 yr 3.875%, 5-year ARM 3.0%

Atlanta Weekend Mortgage Rates:
Loan type Conventional loans FHA loans Jumbo loans

30-year 4.375% 4.25% 4.75%

15-year 3.5% 3.5% 3.875%

5-year ARM 2.625% 3.25% 3.0%

www.markspain.com 770-886-9000
Delinquencies Retreat in May After Record-Setting April
Deliquent Loans held in commercial mortgage-backed securities (CMBS) fell slightly in May from the new record high set the month before, according to Trepp LLC. The research firm says the percentage of CMBS loans 30 or more days delinquent, in foreclosure, or REO has fallen back 5 basis points to 9.60 percent.

Atlanta Georgia Real Estate Interest Rate Update
www.MarkSpain.com
Conventional: 30yr-4.375%, 15yr-3.75%, 5yr ARM-2.75%
FHA: 30yr-4.375%, 15yr-4.0%, 5yr ARM-3.25%
Jumbo Loans- 30yr-4.75%, 15yr-4.125%
5yr ARM-3.25%

Atlanta Georgia Real Estate News Update
Visit us today @ www.MarkSpain.com
http://ping.fm/KHBry

Atlanta Georgia Real Estate News Update
http://ping.fm/9bePA
For your Real Estate Needs Call Mark Spain @ 770-886-9000!

Exciting News!!!!

The Mark Spain Team has moved from RE/MAX to Keller Williams Realty. This is an exciting transition for our Team, and we are looking forward to a bright and successful future with Keller Williams Realty.

As Metro Atlanta’s #1 Real Estate Team for the past seven consecutive years, we look forward to continuing serving your Real Estate needs!

Call us today @ 770-886-9000!

Exciting News!!!!

The Mark Spain Team has moved from RE/MAX to Keller Williams Realty. This is an exciting transition for our Team, and we are looking forward to a bright and successful future with Keller Williams Realty.

As Metro Atlanta’s #1 Real Estate Team for the past seven consecutive years, we look forward to continuing serving your Real Estate needs!

Call us today at 770-886-9000 or visit us online at www.MarkSpain.com.

Atlanta Georgia Real Estate Interest Rate Update
Call Mark Spain @ 770-886-9000
Conventional Loans
30-Year 4.5%
15-Year 3.75%
5-Year ARM 2.875%

FHA Loans
30-Year 4.375%
15-Year 4.0%
5-Year 3.25%

Jumbo Loans
30-Year 4.875%
15-Year 4.125%
5-Year ARM 3.375%

Atlanta Georgia Real Estate News Update
For your real estate needs call Mark Spain @ 770-886-9000!
http://ping.fm/D0u8g

Atlanta Georgia Real Estate Interest Rate Update
Call Mark Spain @ 770-886-9000!
30 Year- 4.5% Conventional, 4.375% FHA, 4.75% Jumbo

15-Year- 3.75% Conventional, 4.0% FHA, 4.125% Jumbo

5-Year ARM- 2.875% Conventional, 3.25% FHA, 3.25% Jumbo

Atlanta Georgia Real Estate News Update
http://ping.fm/v2S2c
For your Real Estate needs Call Mark Spain at 770-886-9000!

Atlanta Georgia Real Estate Interest Rate Update
Call Mark Spain at 770-886-9000!

30-year fixed loans:
Conventional: 4.75
FHA: 4.625%
Jumbo: 5.0%

15-year fixed loans:
Conventional: 3.75%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.0%
FHA: 3.25%
Jumbo: 3.25%

Atlanta Georgia Real Estate Interest Rate Update
30-year fixed loans:
Conventional: 4.75%
FHA: 4.75%
Jumbo: 4.875%

15-year fixed loans:
Conventional: 3.875%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.0%
FHA: 3.25%
Jumbo: 3.375%
Call Mark Spain at 770-886-9000!

Atlanta Georgia Real Estate Interest Rate Update

30-year fixed loans:
Conventional: 4.75%
FHA: 4.75%
Jumbo: 4.875%

15-year fixed loans:
Conventional: 3.875%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.0%
FHA: 3.25%
Jumbo: 3.375%
For your real estate needs call Mark Spain @ 770-886-9000!

Atlanta Georgia Real Estate News Update
http://ping.fm/3Tog6
Call Mark Spain Today for your Real Estate needs-770-886-9000!

Atlanta Georgia Real Estate News Update
http://ping.fm/pgfwI
For your real estate needs call Mark Spain today @ 770-886-9000!

Atlanta Georgia Real Estate Interest Rate Update

30-year fixed loans:
Conventional: 4.75
FHA: 4.625%
Jumbo: 5.0%

15-year fixed loans:
Conventional: 3.875%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.0%
FHA: 3.5%
Jumbo: 3.5%

Atlanta Georgia Real Estate News Update
http://ping.fm/5xAFm

For your real estate needs call Mark Spain @ 770-886-9000!

Atlanta Georgia Real Estate News Update

http://ping.fm/C03Zc

Call Mark Spain Today @ 770-886-9000!

Atlanta Georgia Real Estate Interest Rate Update

30-year fixed loans:
Conventional: 4.75%
FHA: 4.75%
Jumbo: 4.875%

15-year fixed loans:
Conventional: 3.875%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.0%
FHA: 3.25%
Jumbo: 3.375%

Cumming Georgia Real Estate News Update
http://ping.fm/c4VDI
For your real estate needs call Mark Spain @ 770-886-9000!

Atlanta Georgia Real Estate News Update
http://ping.fm/9RlT3
For your real estate needs call Mark Spain Today @ 770-886-9000!

Atlanta Georgia Real Estate News
http://ping.fm/ZkqL4

Atlanta Georgia Real Estate Interest Rate Update

30-year fixed loans:
Conventional: 4.75
FHA: 4.75%
Jumbo: 5.125%

15-year fixed loans:
Conventional: 4.0%
FHA: 4.0%
Jumbo: 4.375%

5-year ARM:
Conventional: 3.125%
FHA: 3.5%
Jumbo: 3.5%

Atlanta Georgia Mortgage Rate Update
www.MarkSpain.com

30-year fixed loans:
Conventional: 4.875%
FHA: 4.75%
Jumbo: 5.125%

15-year fixed loans:
Conventional: 4.125%
FHA: 4.0%
Jumbo: 4.25%

5-year ARM:
Conventional: 3.125%
FHA: 3.625%
Jumbo: 3.375%

Atlanta Georgia Real Estate News Update
http://ping.fm/6ZBEs
For your Real Estate Needs Call Mark Spain Today @ 770-886-9000

Atlanta Mortgage Rates www.markspain.com

30-year fixed loans: Conventional: 4.75 FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 4.0% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.125% FHA: 3.5% Jumbo: 3.375%

Call Mark Spain 770-886-9000 for more information.

Some States to Ban Foreclosure Sales From Appraisal Values
With foreclosure sales steadily rising, four states are concerned that the use of the foreclosure sale prices in appraisals is distorting the market. Legislators in Illinois, Nevada, and Missouri have all proposed bills that would exclude or restrict foreclosure sales being used to determine the value of homes.
call Mark Spain 770-886-9000 today!

House Votes to Terminate Government's Mortgage Modification
U.S. House passed legislation Tuesday to end the administration's foreclosure prevention initiative, the Home Affordable Modification Program (HAMP). The HAMP Termination Act (H.R. 839) It a largely symbolic. The bill is not expected to pass in the Senate. Republican senators have already introduced a bill to pull the plug on the federal program.

Atlanta Mortgage Rates: http://www.markspain.com

WEDNESDAY'S RATES:
30-year fixed loans: Conventional: 4.75% FHA: 4.625% Jumbo: 5.0%
15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%
5-year ARM: Conventional: 3.0% FHA: 3.625% Jumbo: 3.375%

Call Mark Spain for more imnformation 770-886-9000

Atlanta Real Estate http://www.markspain.com

Good news on our economy. Mortgage delenquency rates dropped 8.8% in February, and forsclosures dropped .02 percent in February. Both are good indicators, our economy is improveing, even though modestly. If you or anyone you know id facing foreclosure, visit http://www.greateratlantaforeclosure help.com for important information.
Call Mark Spain today 770-886-9000

Atlanta Mortgage rates: www.markspain.com
30-year fixed loans: Conventional: 4.625 FHA: 4.625% Jumbo: 4.875%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.125%

5-year ARM: Conventional: 3.125% FHA: 3.5% Jumbo: 3.375%

Call MArk Spain Today 770-886-9000

Atlanta Mortgage Rates http:/www.markspain.com

30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.625% Jumbo: 3.375%

Call Mark Spain for more information 770-886-9000

Atlanta Real Estate www.markspain.com
Real Estate is beginning to gain ground against the worst recession in recent history. More economic indicators point to a recovery. The Federal Reserve says household net worth in the U.S. soared $2.1 trillion during the last three months of 2010.
Call Mark Spain Today 770-886-9000

Atlanta Mortgae rates www.markspain.com
30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.25% Jumbo: 3.375%

Call Mark Spain Today 770-886-9000

Atlanta Mortgage Rates www.markspain.com

Atlanta Georgia Home Mortgage rates www.markspain.com

30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.625% Jumbo: 3.375%

Call Mark Spain Today for more information 770-886-9000

Atlanta Real Estate Home Values www.markspain.com
Research Firm Says U.S. Housing Has Never Been This Undervalued
The continuing depreciation of residential property values at the end of last year has made housing look more undervalued relative to income than ever before, according to analysts at the research firm Capital Economics. Like to know the value of your present home?
Call Mark Spain 770-886-9000

Atlanta Mortgage Rates: www.markspain.com
Weekend Rates:
30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.25% Jumbo: 3.375%

Call Mark Spain Today 770-886-9000

This is an Amen Article!

n a speech given Tuesday before the House Committee on Financial Services, Treasury Secretary Timothy Geithner said the government played a role in bringing down the housing market.

Geithner also blamed the government for creating moral hazard and leaving taxpayers responsible for cleaning up the mess.

Atlanta Georgia Mortgage Rates www.markspain.com

30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%

15-year fixed loans: Conventional: 3.875% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.25% Jumbo: 3.375%

Call Mark Spain Today for more infromation 770-886-9000

Atlanta Real Estate Sales http://ping.fm/6RnJN
Class of 2000, where are they now?
A recent article about Real Estate Top 100, class of 20000, where are they now, features Mark Spain as one who has continued to succeed even in a bad Real Estate Market. Click here to read the article
http://ping.fm/OamcI

Atlanta Short Sales: www.greateratlantaforeclosurehelp.com
Most Short Sale Transactions Taking Four or More Months to Complete
Despite new rules for short sales under the government's Home Affordable Foreclosure Alternatives (HAFA) program which went into effect on February 1, agents responding to a survey said short sale transactions are taking too long.
Facing Foreclosure? Call Mark Spain Today 770-886-9000

Atlanta Real Estate Information: www.markspainspain.com
Fannie Mae Turns a Profit for First Time in Three Years
Fannie Mae has released its fourth-quarter and full-year 2010 earnings For the full year of 2010, Fannie Mae recorded a net loss of $14 billion, compared with a loss of $72 billion for 2009.
For information on Mortgages and Atlanta Real Estaate csll Mark Spain Today 770-886-9000.

Atlanta Mortgage Rates: www.markspain.com
WEEKEND RATES:

30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.125%

15-year fixed loans: Conventional: 4.125% FHA: 4.5% Jumbo: 4.625%

5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.875%
Call Mark Spain Today for more Information 770-886-9000

Atlanta Real Estate For Sale, www.markspain.com
Good News on Home Sales .
The National Association of Realtors (NAR)released their monthly report on existing home sales on Wednesday.
Home sales are now 5.3 percent above the 5.09 million level in January 2010.
Call Mark Spain Today 770-886-9000
If you are facing foreclosure, please check this website for help.
www.greateratlantaforeclosurehelp.com

Atlanta Mortgage update: www.markspain.com

WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 4.875% FHA: 4.75% Jumbo: 5.125%

15-year fixed loans: Conventional: 4.25% FHA: 4.0% Jumbo: 4.5%

5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.625%

Call Mark Today 770-886-9000

Atlanta Real Estate For Sale: www.markspain.com
The housing crisis and the financial downturn that followed, have profoundly altered the consumer lending landscape. According to the firm Deloitte, one change that may be underappreciated is an important customer segment that could have powerful implications for lenders - the first-time defaulter. A survey found that 11 percent of banking customers have experienced a negative credit event for the first time.

Atlanta Short Sales
www.greateratlantaforeclosurehelp.com
Mortgage Delinquencies Fall to Lowest Level in Two Years
Delinquency rate for mortgage loans on residential properties dropped to 8.22 percent at the end of 2010. That's down about 10 percent from the rate reported by MBG three months earlier and is its lowest mortgage delinquency reading since the fourth quarter of 2008.
Call Mark Spain 770-886-9000

Atlanta Real Estate Short Sales.
www.markspain.com
Home Affordable Foreclosure Alternatives Program (HAFA)
To help homeowners who are unable to keep their homes under the Home Affordable Modification Program, the HAFA program may make a short sale or a deed-in-lieu of foreclosure a viable option to help them avoid foreclosure. The HAFA Program, which took effect April 5, 2010, provides servicer, seller and junior lien holder incentives for these transactions and is designed to simplify and streamline use of short sales and deeds-in-lieu of foreclosure.

Mark Spain is a Realtor with RE/MAX Greater Atlanta and is one of the top four RE/MAX agents in the world and the top RE/MAX agent in Georgia in closed transactions. With his 2010 sales, Mark has sold more than $1 billion in real estate during his career. He is a native Atlantan and graduate of the University of Georgia. To learn more about Mark Spain or to get answers to your real estate questions, visit www.MarkSpain.com or call 770-886-9000.

Contact Mark Today for complete information on HAFA programs 770-886-9000

Get Instant Information www.greateratlantaforeclosurehelp.com

Atlanta Georgia Real Estate
WEEKEND RATES:
www.markspain.com
30-year fixed loans: Conventional: 4.875% FHA: 4.75% Jumbo: 5.125%
15-year fixed loans: Conventional: 4.25% FHA: 4.5% Jumbo: 4.625%
5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.875%
Call Mark Spain today for more information 770-886-9000

Atlanta Real Estate for sale www.markspain.com
a House subcommittee held a hearing to examine private sector involvement in the housing market, to determine if the high amount of government participation is a hindrance to the sector's recovery. Rep. Judy Biggert, subcommittee chair, said government intervention in the housing market reached record levels during the financial crisis, resulting in a cost to taxpayers of hundreds of billions of dollars.

Atlanta Real Estate for Sale www.Markspain.com
WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 4.875% FHA: 4.875% Jumbo: 5.25%

15-year fixed loans: Conventional: 4.25% FHA: 4.5% Jumbo: 4.5%

5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.625%

Call MArk Spain Today 770-886-9000

Atlanta Short Sales www.markspain.com
Federal Reserve Governor Sarah Bloom Raskin says the biggest drag on the nation's economy is the absence of any substantial recovery in the housing sector. She has challenged mortgage servicers to step up to the plate and make home retention their top priority. According to her, many practices are not only standard but "shoddy."
Call Mark Spain today 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate For Sale
www.markspain.com
Home Sales Increased in Q4, Expected to Continue Throughout 2011
The National Association of Realtors (NAR) reported that home sales increased in 49 states during the fourth quarter of 2010, with 78 markets experiencing gains from the fourth quarter of 2009.
www.greateratlantaforeclosurehelp.com
Atlanta Short Sales Information call Mark Spain 770-886-9000

Atlanta Real Estate Mortgage Rates
WEEKEND RATES:

30-year fixed loans: Conventional: 5.0% FHA: 5.0% Jumbo: 5.25%

15-year fixed loans: Conventional: 4.25% FHA: 4.5% Jumbo: 4.625%

5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.875%

Atlanta Georgia Homes For Sale
www.markspain.com

Atlanta Real Estate: www.markspain.com
FORECLOSURE ACTIVITY DOWN 17% FROM A YEAR AGO:
RealtyTrac has released its January foreclosure market report, which shows that foreclosure filings were reported on 261,333 U.S. properties in January. The tally represents a 1 percent increase from the previous month but a 17 percent decrease from January 2010.
www.greateratlantaforeclosurehelp.com
Call Mark Spain Today 770-886-9000

Atlanta Georgia Homes for sale
www.markspain.com
EASING OF LENDING STANDARDS MAY ENCOURAGE MARKET GROWTH
The latest loan officer survey shows a positive outlook for the lending industry. About 40 plus percent of banks responded that they experienced recent growth in their residential mortgage portfolios.
Call Mark Spain Today 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate listings: www.markspain.com

WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 5.0% FHA: 5.0% Jumbo: 5.25%

15-year fixed loans: Conventional: 4.25% FHA: 4.5% Jumbo: 4.625%

5-year ARM: Conventional: 3.25% FHA: 3.25% Jumbo: 3.875%
call Mark Spain Today 770-886-9000

Atlanta Real Estate
www.greateratlantaforeclosurehelp.com
RENEWAL IN COMMERCIAL REAL ESTATE FINANCING
Mortgage bankers originated $110 billion of commercial and multifamily mortgages during 2010 - an increase of 36 percent from 2009, according to the Mortgage Bankers Association. A separate report from Jones Lang LaSalle corroborates the trade group's assessment of a resurgence in the financing market and indicates even stronger growth in 2011.
www.markspain.com
call Mark Spain Today 770-886-9000

Only 23 more days and the Legend's will be here!

Atlanta Real Estate www.markspain.com
Home Prices Looking Positive.
Clear Capital, the California-based real estate valuation company reports that through the end of January, national home prices are down 1.6 percent on a rolling quarter-over-quarter basis. But despite the negative quarterly price change, Clear Capital says the national index has demonstrated a positive trend since the start of 2011.
Call Mark Spain Today 770-886-9000
www.greateratlantaforeclosurehelp.com

AFTER YEARS OF RECORD DECLINES, HOME PRICES STABILIZE
The ups and downs seen in home price data over the past few years indicate a slow recovery in home prices with many false starts, especially in markets riddled with foreclosed properties, according to Fiserv, Inc. But the company's analysts say that while the ebb and flow is not over, they expect 75 percent of U.S. metro areas to see stable prices by the end of 2011. Fiserv says home prices have already leveled out in one of four metro areas.

ATLANTA REAL ESTATE
www.markspain.com
WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 4.875%

15-year fixed loans: Conventional: 4.0% FHA: 4.5% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.0% Jumbo: 3.5%
Call Mark Spain Today 770-886-9000

The Legends are coming, The Legends are coming, The Legends are coming, Yes there all three are coming! Stay tuned every day for an update!

ATLANTA REAL ESTATE
www.markspain.com
DISTRESSED DEBT INVESTORS TURNING TO REAL ESTATE
A survey of 100 distressed debt investors found that this year many will increasingly devote their money to real estate. The survey polled investors from companies such as hedge funds, private equity firm, bank props or trading desks. The study showed that respondents allocated 26 percent of their investments to real estate in 2010, and plan to allocate 48 percent of their investments to real estate this year
Call Mark Spain today 770-886-9000
www.greateratlantaforeclosurehelp.com

The Legends are coming! Check my FaceBook pages daily for more details. You will not want to miss this.............

Atlanta Real Estate
Pending Sales of Existing Homes Rise 2%
www.markspain.com
The number of contracts signed for purchases of previously owned homes rose again in December, according to data released by the National Association of Realtors (NARThursday. The trade group’s pending home sales index increased 2.0 percent compared to its November reading, which was revised downward.
Call Mark Spain Today 770-886-9000

Atlanta Real Estate:
WEEKEND RATES:
www.markspain.com
30-year fixed loans: Conventional: 4.625% FHA: 4.625% Jumbo: 5.0%
15-year fixed loans: Conventional: 4.0% FHA: 4.0% Jumbo: 4.25%
5-year ARM: Conventional: 2.75% FHA: 3.0% Jumbo: 3.625%
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
www.markspain.com
Job Growth Expected in Real Estate in 2011
From National Association for Business Economics (NABE) released the results of its latest quarterly survey this week, which polls member firms to assess their upcoming hiring strategies and gauge expectations for economic growth.
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
www.markspain.com

WEDNESDAY'S RATES:
30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 4.875%

15-year fixed loans: Conventional: 4.0% FHA: 4.5% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.0% Jumbo: 3.5%

Call Mark Spain Today 770-886-9000

Atlanta Real Estate
Mortgage Delinquency Rates Decline in December!
A “first-look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data, is somewhat encouraging as it shows the U.S. mortgage delinquency rate for December was 8.83 percent which is a decrease of 2.1 percent from November’s rate of 9.02 percent.
www.markspain.com

ATLANTA REAL ESTATE
WEEKEND RATES: www.markspain.com
30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%
15-year fixed loans: Conventional: 4.125% FHA: 4.0% Jumbo: 4.25%
5-year ARM: Conventional: 3.0% FHA: 3.0% Jumbo: 3.625%
Wells Fargo can do a FHA loan with a credit score down to 500
Call Mark Spain Today 770-886-9000

Atlanta Real Estate
www.markspain.com
Existing Home Sales Soar to Seven Month High!
Sales of previously owned homes surged 12.3 percent in December, according to data released by the National Association of Realtors
Call Mark Spain Today 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate
www.markspain.com
WEDNESDAY'S RATES:
30-year fixed loans: Conventional: 4.625% FHA: 4.625% Jumbo: 4.875%
15-year fixed loans: Conventional: 4.0% FHA: 4.5% Jumbo: 4.25%
5-year ARM: Conventional: 3.125% FHA: 3.125% Jumbo: 3.5%
Call Mark Spain Today 770-886-9000
www.greateratlantaforeclosurehelp.com

Atlanta Mortgage News:
Income and expense data released by the Federal Reserve this week shows the central bank is earning a pretty penny from its investments in mortgage securities.
The Fed began buying mortgage bonds from Fannie Mae, Freddie Mac, and Ginnie Mae in November of 2008 to help prop up the nation’s deteriorating mortgage markets and provide a boost to the ailing economy.
In 2009, Fed officials reported that these efforts, combined with the central bank’s purchases of Treasury securities, yielded a $46.1 billion profit. In 2010, earnings on those investments jumped to $76.2 billion, based on the Federal Reserve’s preliminary estimates.
www.markspain.com

Atlanta Real Estate

Call Mark Spain Today for your Atlanta Real Estate needs 770-886-9000

www.markspain.com

WEEKEND RATES:

30-year fixed loans: Conventional: 4.625 FHA: 4.625% Jumbo: 4.875%

15-year fixed loans: Conventional: 4.0% FHA: 4.0% Jumbo: 4.25%

5-year ARM: Conventional: 3.0% FHA: 3.0% Jumbo: 3.625%

Facing Foreclosure go to www.greateratlantaforeclosurehelp.com

DID YOU KNOW:

Interest rates are better by 0.25% to start the new year vs. the same time last year.

Atlanta Real Estate
The unemployment rate in the United States slipped to 9.4 percent in December, as employers added 103,000 jobs to their payrolls, according to figures released by the Department of Labor Friday.
Call Mark Spain today 770-886-9000
www.markspain.com
www.greatatlantaforeclosurehelp.com

Atlanta Real Estate Mortgage Rates

WEDNESDAY'S RATES:

30-year fixed loans: Conventional: 4.625% FHA: 4.625% Jumbo: 4.875%

15-year fixed loans: Conventional: 4.25% FHA: 4.5% Jumbo: 4.25%

5-year ARM: Conventional: 3.125% FHA: 3.125% Jumbo: 3.5%

Call Mark Spain Today 770-886-9000

www.greateratlantaforeclosurehelp.com
www.markspain.com

Atlanta Real EstateHow to Avoid Foreclosure

While the economy is slowly improving, foreclosure is still a very real risk for many people. In fact, Georgia continues to rank in the top 10 for most foreclosures. However, if you or someone you know has gotten behind on your mortgage, options do exist.

A big first step is to contact your bank or mortgage loan servicer and explain your situation. Perhaps you were unemployed, but just started a new job and need to work out a payment plan for past due payments and penalties. Or your financial situation may continue to be challenging. Either way, your mortgage company needs to know and may have a few options to suggest to you.

The term “short sale” is also becoming increasingly popular. Five years ago, very few people were selling their home via short sale. Google the term “short sale” now and you get around 168 million hits! A short sale involves selling your home for less than what is owed to the bank. Both you and the bank must agree to the terms and amount.

Having a Realtor experienced with short sales is essential in the complicated negotiation stage of a short sale, particularly if you have liens on your property or a second mortgage. Georgia is also a deficiency state, meaning you could be made to repay the deficiency between the original mortgage note and the amount the home sells for now. An experienced short sale real estate agent can work to sometimes get these deficiencies waived in your short sale.

Short sales result in less long-term damage to your credit score. And, when your life is later more financially on track, you can buy another home far sooner than if you had a foreclosure in your credit history. Simply walking away from or abandoning a property is also discouraged. It will lead to foreclosure in the end and you are relinquishing all control to the bank in a foreclosure.

A short sale can take several months so don’t delay beginning the process. Loan modifications are another option I will cover in a future column. These, too, can take many months to complete. Be aware that applying for a loan modification often stops the short sale approval process completely (i.e. they cannot be done concurrently).

For more information on short sales, visit
http://ping.fm/nT6eW (a HUD site)
http://ping.fm/mswgC (free report there)
http://ping.fm/fjU2Y

Mark Spain is a Realtor with RE/MAX Greater Atlanta, is one of the top 20 RE/MAX agents in the world and the top RE/MAX agent in Georgia for closings. He is Short Sales and Foreclosure Resource (SFR) certified by the National Association of Realtors and earned his Certified Distressed Property Expert (CDPE) designation. He is a native Atlantan and graduate of the University of Georgia. To get answers to your real estate questions, visit www.MarkSpain.com or call 770-886-9000. For details on considering a short sale, visit www.GreaterAtlantaForeclosureHelp.com

Atlanta Georgia Real Estate
January normally marks the seasonal low point for home sales, new listings, and closings, as weather and holiday celebrations keep buyers and sellers from the market, and this year is the same! Both home prices and inventory are down for the lion’s share of the nation’s regional markets.
Call Mark Spain Today for all your Real Estate needs 770-886-9000
www.greateratlantaforeclosurehelp.com
www.markspain.com

Atlanta Real Estate:
Fewer mortgage-related firms closed their doors during 2010 than in 2009, according to industry data released last week.
Need a n Atlanta Real Estate expert, call Mark Spain today 770-886-9000
www.greateratlantaforeclosurehelp.com
www.markspain.com

Atlanta Real Estate
The unemployment rate in the United States slipped to 9.4 percent in December, as employers added 103,000 jobs to their payrolls, according to figures just released by the Department of Labor. That’s down from a rate of 9.8 percent in November.
Call Mark Spain for all your Atlanta Real Estate needs 770-886-9000
www.markspain.com
www.greateratlantaforclosurehelp.com

Atlanta Georgia Real Estate
WEEKEND RATES:
30-year fixed loans: Conventional: 4.75% FHA: 4.75% Jumbo: 5.0%
15-year fixed loans: Conventional: 4.125% FHA: 4.5% Jumbo: 4.375%
5-year ARM: Conventional: 3.125% FHA: 3.125% Jumbo: 3.625%
Call Mark Spain Today for any Atlanta real Estate Needs 770-886-9000
www.greateratlantaforeclosurehelp.com
www.markspain.com

Atlanta Real Estate
The number of contracts signed for purchases of previously owned homes climbed again in November, according to data released by the National Association of Realtors (NAR) late last week. The organization’s pending home sales index rose 3.5 percent based on contracts signed in November.
Call Mark Spain Today for your Atlanta real Estate needs 770-886-9000
www.markspain.com
www.greateratlantaforeclosurehelp.com

Atlanta Real Estate:
Home construction nudged up in November after two months of declines. The Commerce Department says builders broke ground last month on a seasonally adjusted 555,000 units, a 3.9 percent rise from October. All the activity last month came from building single-family homes.
Call Mark SpainToday 770-886-9000 for your Real Estate needs.
www.markspain.com
www.greateratlantaforeclosurehelp.com

Atlanat Georgia Real Estate:
Retail sales are rising, boosted by the best month for department stores in two years. Inflation remains tame. Businesses are restocking their shelves in anticipation of more consumer demand. And a survey of CEOs at America's biggest companies suggests hiring will pick up in the next six months.
Call Mark Spain Today 770-886-9000 for all your Real Estste Needs
www.markspain.com
www.greateratlantaforeclosurehelp.com

Atlanta Georgia Real Estate Shott Sales Information.
According to a recent update to the real estate market forecast from Veros Real Estate Solutions, select markets in the United States can expect 2.5 percent to 3.5 percent appreciation in home values over the next 12 months.
For expert assistance with Atlanta Real Estate call Mark Spain Today 770-886-9000
www.markspain.com
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