TeamDuncan Blog

The news on Wall Street last week certainly did very little to help consumer confidence, particularly with regard to the stock and housing markets. However, if there is any good news coming out of Lehman’s bankruptcy, Merrill’s purchase by Bank of America and AIG’s bailout, it’s this: the fixed 30-year mortgage
interest rate came down last [...]

Early this month, the government announced that it would place Fannie Mae and Freddie Mac under conservatorship, essentially becoming the nation’s largest mortgage lender. This sent stocks into a rally and interest rates lower, as opinion makers applauded the government’s move to stand behind Fannie
and Freddie’s multi-billion dollar debt. I, like many, hope that this [...]

We are soon getting back to that time of year, when our vacationers and part-time residents return to our county and begin thinking about making a second home purchase. Given the relatively uncertain market
in which we’ve been dealing for the past couple of years, I am sure there will be one question on buyers’ minds: [...]