Rates are down today and HVCC (do you know about HVCC?)

June 17th, 2009 3:49 PM

The stock market was down again today, and rates dropped significantly at the open. However, the open didn't hold. Rates moved up slightly as the day progressed, but still closed lower than yesterday. We are moving closer to 5% on the 30 year fixed. The 10 year bond closed at 3.69% today - considerably lower than yesterday.

HVCC = The Home Valuation Code of Conduct

The focus of my email today centers around HVCC. I think it's important that you know about HVCC and how it can and WILL affect you and anyone you know buying, selling or refinancing a house. HVCC went into effect on May 1st this year, and is raising havoc with the already fragile housing industry. If you'd like to learn about how HVCC can potentially cost you thousands extra in closing costs to purchase a home, or how it can literally kill a sale of your home, please click on the link below to view the video.

If you are as outraged as those of us in the real estate, mortgage, and appraisal industries are, please sign the petition and help us kill this travesty called reform. We are doing all we can to fight this bill, but we need your help too.

https://www.thinkbigworksmall.com/public/showArchiveVideo/1/4909

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