Elon’s Holland House Moves Across Street

Discovered this story on Twitter this morning. Posted by: Carrie Hodgin

Elon, NC — Neighbors in Elon watched crews move an historic building Sunday. Movers relocated Elon University’s Holland House. The Historic home is now calling a spot next to Holt Chapel “home.”

The moving took place over two days but on Sunday they had to wait for the train to come through before moving the home across campus.

The Holland House served as home for two Elon presidents. University leaders also designated the home for classroom and office space. They’re still deciding on the home’s future use.

BONDS TANKED – RATES INCREASED

This just in from WR Starkey Mortgage:
30 YEAR is now at 5.25% (we had 6 rate changes for the worse this afternoon).
Consumer confidence was better than expected, there was a sell off in the bond market – and it took off from there.
I have not seen this happen in my 20 years of mortgage lending. I have seen knee jerk reations in the bond market like this and rates have gone back within 3 or 4 days. It’s hard to guess how this scenario will turn out, I’m hearing it may take 2 or 3 weeks – if they creep back down.
We will keep you posted over the next few days.
Andy Pilcher
Certified Mortgage Planning Specialist
WR Starkey Mortgage

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White House launched mortgage help website

The Obama administration just launched a new website designed to help American families struggling to pay their mortgages: makinghomeaffordable.gov  The site aims to clarify and promote the loan modification and refinancing program that the Obama Administration launched in February.

Making Home Affordable is part of President Obama’s comprehensive strategy to get the housing market back on track. Through the Making Home Affordable Program, up to 9 million American families may be eligible to refinance or modify their loans to a payment that is affordable now and into the future.  

The resources available include borrower FAQs, self assessment tools so borrowers can determine their eligibility for the program, a calculator to estimate possible reduction/refinancing options, HUD-approved counseling services and partnered servicers to address additional questions, checklists for necessary documentation homeowners need to have before contacting services and a checklist cautioning borrowers away from the recent surge of illegitimate housing counseling services.

This Month in Real Estate: Move Up

This Month in Real Estate

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