The Fall Creek neighborhood establishment opened in January and has quickly built a following by offering eclectic beers alongside its own offerings from Central State Brewing.
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Thursday, July 7, 2016
Attitudes Cooling on Housing; Rates Finally Rise. Time to Worry?
Mortgage rates finally ended an impressive winning streak today, rising for the first time in 9 days. Rates began that streak with a massive move lower following the UK's vote to exit the European Union and maintained momentum until they were right in line with all-time lows yesterday. Any time a winning streak extends past the 5 day mark (that's 5 business days, by the way), we begin to look for the inevitable correction that almost never takes more than 3 more days to show up. In that sense, today's moderate move higher in rates isn't much of a surprise. In fact, the resolute strength was arguably more surprising, and it raises questions as to how serious this single day of weakness may be. The answer to those questions likely lies in tomorrow's big jobs report. Just yesterday, the minutes
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Roundup: Legal Beagle replacement on tap; longtime Broad Ripple shop closes
Investors in Rebar Indy say they're cleaning house at the former Beagle space downtown and setting up a self-serve beer wall.
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Wednesday, July 6, 2016
Rates Close to All-Time Lows; Age vs Qualifications; Loan Performance Improves; Refi Demand Surges
Mortgage rates fell again today, extending an already-uncanny winning streak to its 8th straight day. The most recent improvements bring the average lender right in line with all-time lows. In fact, a few lenders are now offering better rates than they've ever offered, and a vast majority are back to the same note rates quoted in late 2012 (average points are still slightly higher though). Enough hair-splitting! The point is that rates are low! 3.25% continues to be widely available today and has taken further market share from 3.375% when it comes to conventional 30yr fixed quotes on flawless scenarios. With most scenarios not being perfectly flawless, there are still plenty of 3.375% quotes going out. At the moment, the biggest risks to rates are rather immediate. First of all, there's the
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Tuesday, July 5, 2016
30yr Fixed Back to 3.25%; Home Price Appreciation Cooling
Mortgage rates dropped noticeably today, bringing quite a few lenders down to 3.25% in terms of conventional 30yr fixed quotes on top tier scenarios. For all intents and purposes, these rates are "all-time lows," even though there were several occasions in late 2012 where some lenders offered lower rates. It just depends on what sort of time-frame you want to put on the previous instances of all-time lows. If we're talking about rates that were available for a few days here and there, then we're not quite back to those yet. If we're talking about the lowest stably-held rate for most top-tier quotes, we're back! That's all well and good, but what if you want to take advantage of these rates, but can't yet lock , or are in the shopping process for a purchase? While it's true that rates like this
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Friday, July 1, 2016
Real Estate Today’s Independence Day Special - Show 386
Real Estate Today Radio - SHOW 386
On this week's Real Estate Today, it's our special show "Real Estate Today’s Independence Day Special"
This Week's Show Includes:
- Top News Of The Week
- Will Your Condo Let You Fly The Flag
- Home Ownership In America
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)
Become a part of the community at http://retradio.com!
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On this week's Real Estate Today, it's our special show "Real Estate Today’s Independence Day Special"
This Week's Show Includes:
- Top News Of The Week
- Will Your Condo Let You Fly The Flag
- Home Ownership In America
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)
Become a part of the community at http://retradio.com!
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FHA Tightens Rules on Loan Sales to Investors; Rates Near All-Time Lows; GSE Updates
Investors who purchase distressed loans through the FHA's Distressed Asset Stabilization Program (DASP) are going to have to toe a stricter line when it comes to how those loans are managed. The Department of Housing and Urban Development (HUD) has announced a series of "enhancements" to the program in response to claims by lawmakers and others that buyers have been reluctant to work with homeowners and quick to foreclose. According to a press release from HUD, the changes to the program would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from "payment shock." The new rules would also prohibit investors from abandoning low-value properties in neighborhoods hard-hit by foreclosures in order to prevent blight and increase opportunities
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