Mortgage Rates Up But Still Incredibly Low

McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), which found that the 30-year fixed-rate mortgage rate rose slightly for the second consecutive time in six weeks. The 15-year fixed-rate mortgage rate also rose slightly while the 5-year ARM set another low, and the 1-year ARM tied last week's low.
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Source: realtytimes.com

Time Management is Crucial

How you use your time determines the quality of your life. It determines how successful you are in business and how effective you are in your business and personal life. It is linked with your level of happiness in life. Time management is the most challenging skill in life to master. Most people don't control time ... time controls them. We spend our whole lives trying to acquire the skill to utilize our time to create the greatest return.
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Source: www.realtytimes.com

Weekly Mortgage Rate Pulse Reveals Rates Drop to Lowest Levels on Record

RISMEDIA, October 7, 2010—Average mortgage rates dropped to their lowest levels on record this week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average mortgage rates available within the LendingTree network of lenders. On October 5, average home loan rates offered by LendingTree network lenders dropped week-over-week to 4.35 percent (4.56% APR) for 30-year fixed mortgages, 3.81 percent (4.13% APR) for 15-year fixed mortgages and 3.32 percent (3.55% APR) for 5/1 ARMs.
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Source: www.rismedia.com

Existing Home Sales Move Up in August

Washington, September 23, 2010. Existing home sales rose in August following a big correction in July, according to the National Association of Realtors®. Existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0 percent below the 5.10 million-unit pace in August 2009.
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Source: www.realtor.org

Napier Proudly Sponsors the Richmond Sprint Triathlon

The Napier Realtors Richmond Sprint Triathlon will be held on October 10, 2010, and you're invited to join us in raising money for this important cause. Our goal this year is to raise $6000 for the Massey Cancer Center! This is only $10 per triathlete. We have a growing list of people racing that are cancer survivors, which is so inspirational!

Many of you know people that have lost to the disease, and we want to make a difference. You can race in their name and also make a donation in their name.

Thank you so much for placing attention and focus in this direction for research to find a cure! http://NapierTriathlon2010.kintera.org

Napier Realtors Proudly Sponsors the New USO Center at RIC

Napier Realtors is proud to be a founding sponsor of the new USO Center that just opened at Richmond International Airport.

Since the USO’s primary mission is to enhance the quality of life of the U.S. Armed Forces personnel and their families, partnering with the USO right here in the Richmond area is a way for Napier Realtors to show their heartfelt thanks to our men and women in uniform and their families.



The agents and staff at Napier's four area offices are collecting items to donate to the Center -- snacks, drinks, paperback books, magazines, and toiletry items such as travel size hand sanitizer, lotion, and lip balm -- and committing to volunteer their time to work in the Center one day a month. The cart of donations has been overflowing with goodies for "our" troops!

A huge THANK YOU! to everyone for donating items that were on the Center's wish list or giving of your time by volunteering at the Center!!

FHA Gives Home Buyers One Month Window to Lock in Low Insurance Premium

RISMEDIA, September 2, 2010—“The Federal Housing Administration (FHA) is giving homeowners and buyers until October 4, 2010 to lock in a low monthly insurance premium,” said Gibran Nicholas, chairman of the CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. “After October 4, the monthly insurance premiums on FHA loans will increase by over 63%.”
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Source: rismedia.com