Michelle Braet's Blog

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Real Estate Agent - Reilly Realtors - TREC# 611473
RECENT BLOG POSTS
Agreement on appraisal reform to be delayed up to 3 months, regulator says WASHINGTON (AP) -- An agreement to reshape the appraisal industry is being delayed up to three months, a federal regulator said Thursday. James Lockhart, director of the Federal Housing Finance Agency, told the House Finan...
10/22/2008
Let's be honest!  USDA loans can't really save the market; however, they do have a place in today's mortgage market.  My office has been abuzz about USDA loans for the past couple of months-a program that has become, as of October 1, the only affordable zero-down loan program available (other tha...
10/01/2008
The U.S. House rejected on Monday a proposed $700 billion financial bailout package supported by the Bush administration, the Federal Reserve and the congressional leadership of both parties. The vote was 205 for and 228 against. The rejection of the plan could mean disruption in financial market...
10/01/2008
Here are the 7 things you need to know about these changes: 1. This is a temporary change, and effective as of September 19th, 2008. 2. The borrower must be relocating to a new job location. 3. The new home must be outside reasonable commuting distance from the current residence (UW's discretion)...
09/25/2008
Uncertainty in Financial Markets Could Cause Dramatic Rise in Existing ARMs at Next Adjustment If you or anyone you know has an Adjustable Rate Mortgage, this is an important point to consider. Many ARM loans are tied to the London Interbank Offered Rate (LIBOR). In fact, there are six million lo...
09/25/2008
The owner/founder of Supreme Lending sent this email out to all of the employees last week. Below are just some of the many reasons that I have chosen this company and why I believe it is better than any other. (He gave me permission to post this.) Hello everyone, For all of you that are new to S...
09/23/2008
Fed Stands Still - Time to Make Your Move The Federal Reserve held the line on Tuesday-leaving the Fed Funds Rate at 2.00% for the third straight meeting. The decision, however, was anything but cut-and-dry. Earlier in the week, the Personal Consumption Expenditure data indicated that inflation ...
08/16/2008
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Michelle Braet

Austin Residential REALTOR®
smartphone(512) 431-4802
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