Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: February, 2013

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February 2013

There are 3 blog entries for February 2013.

 Martin Luther King

Since 1976, Americans have recognized the month of February as Black History or National African American History Month.  The entire month is dedicated to celebrating the achievements of African Americans and the critical roles that they have played throughout our country's history. The following reflects important dates in the history of this celebration of our country's African American heritage:

  • 1926: The second week of February was designated Black History Week by the Association for the Study of Black life and HistoryLate
  • 1960's:  Black History Week evolved into Black History Month
  • 1976:President Gerald Ford officially recognizes February as Black History Month in the United StatesSince
  • 1976: Every US President has continued to
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Contributed by Mike Miller, Regional Home Mortgage

Did you know that in February of 2008, the average 30 year fixed rate mortgage was just under 6% at 5.92%? Coincidentally, the average 30 year fixed rate mortgage was nearly the same four years earlier in August of 2004. In my opinion, those two years were polar opposites. 2004 was a year full of opportunities and by 2008 the market had started to take a downward turn, but yet interest rates were fairly similar.

Comparing those rates to today’s national average of 3.53% with less than a 1 pt. fee will give you a little perspective. These “sky is falling” media types that are using headlines to gain advertising dollars have consumers believing that we’re all going to go belly up if rates climb. Our

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This is a guest blog post by Nicole Ashley with Landmark Title

The owner of record was a widow with five sons. One of her offspring, a captain of a fishing boat, had not been heard from for several years. Presumed lost at sea, he was declared legally dead. When the widow passed away, her four remaining sons inherited her home. It was a lovely home, and they put it on the market at a fair price to quickly settle the assets of the estate. Recognizing a great deal, the Montgomery’s bought the property. They were delighted with their new home - until the long lost sea captain who had been presumed dead had returned. It turned out the widow's missing son had decided years ago to start a new life elsewhere. When he finally returned and was made aware that the

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