Monday, November 28, 2011

Bellaire Golf Club- 54 Acres and Restaurant




Perfect opportunity to own a beautiful 9 hole golf course and restaurant est in 1927 with liquor license, located just south of Bellaire and 1/2 mile to Lake Bellaire access site! All golf course and restaurant equipment included.  Near Shanty Creek and Lake Belliare.  This 54 acre course is beautiful and easy to play.  There are no oil or gas rights included with this sale.  Owner has a 2 year secured lease with current Restaurant "Jack Fiddler Steak House" Owner. Seller may consider owner financing terms. $375,500

Thursday, September 15, 2011

Lowest Interest Rates in over 60 Years


Lowest Interest Rates in over 60 Years 
The average rate on a 30-year fixed loan was 4.22% last week and 4.12% this week, according to Freddie Mac, near the lowest level in more than 60 years.

According to the Multiple Listing Service (MLS) 9,314 single-family homes were sold in July, 2011, 12.68% more than the same month of the prior year. In addition, the average sales price for Michigan homes was $113,402, 2.97% more than July, 2010, making the average selling price over $105,000 for three months in a row.

Help for "upside down" homeowners


Help for "upside down" homeowners
The federal government is looking at how it could help a greater number of homeowners who owe more than their house is worth, refinance at today's low rates.

The Federal Housing Finance Agency has been reviewing a program launched two years ago to see if it can be expanded so more homeowners could qualify. The Home Affordable Refinance Program, or HARP, allows people whose homes are underwater/upside down by as much as 20%, to refinance their mortgages at lower interest rates. However, there are still a large number of people who currently do not qualify for the program.

The program currently only covers (the refinance of) mortgages created before June 2009 and owned or backed by government-controlled mortgage buyers Freddie Mac and Fannie Mae. Borrowers also must be current on their payments. As of July, 2011, more than 838,000 homeowners had refinanced through the program, but officials had hoped at least 4 million Americans would take advantage of the program.

Saturday, September 3, 2011

The History of Labor Day


The History of Labor Day

Labor Day: How it Came About & What it Means
Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

Founder of Labor Day
Some records show that Peter J. McGuire, general secretary of the Brotherhood of Carpenters and Joiners and a cofounder of the American Federation of Labor, was first in suggesting a day to honor those "who from rude nature have delved and carved all the grandeur we behold."
More than 100 years after the first Labor Day observance, there is still some doubt as to who first proposed the holiday for workers.
But Peter McGuire's place in Labor Day history has not gone unchallenged. Many believe that Matthew Maguire, a machinist, not Peter McGuire, founded the holiday. Recent research seems to support the contention that Matthew Maguire, later the secretary of Local 344 of the International Association of Machinists in Paterson, N.J., proposed the holiday in 1882 while serving as secretary of the Central Labor Union in New York. What is clear is that the Central Labor Union adopted a Labor Day proposal and appointed a committee to plan a demonstration and picnic.

The First Labor Day
The first Labor Day holiday was celebrated on Tuesday, September 5, 1882, in New York City, in accordance with the plans of the Central Labor Union. The Central Labor Union held its second Labor Day holiday just a year later, on September 5, 1883.
In 1884 the first Monday in September was selected as the holiday, as originally proposed, and the Central Labor Union urged similar organizations in other cities to follow the example of New York and celebrate a "workingmen's holiday" on that date. The idea spread with the growth of labor organizations, and in 1885 Labor Day was celebrated in many industrial centers of the country.


Saturday, August 27, 2011

Mortgage Rates at New Lows


  • 30-year fixed-rate mortgage: averaged 4.32 percent, down from last week’s 4.39 percent, and marking this week a new low for this year. A year ago at this time, the 30-year rate averaged 4.44 percent. 
  • 15-year fixed-rate mortgage: averaged 3.50 percent, moving down from last week’s 3.54 percent, and reaching a new all-time low for 15-year rates. Last year at this time, the 15-year mortgage averaged 3.92 percent.  
  • 5-year ARM: averaged 3.13 percent this week, inching down from last week’s 3.18 percent. Last year at this time, the 5-year ARM averaged 3.56 percent. 
  • 1-year ARM: averaged 2.89 percent, dropping from last week’s 3.02 percent. A year ago at this time, the 1-year ARM averaged 3.53 percent. 
Source: REALTOR Magazine Daily News

Friday, April 8, 2011

Beautiful Green Lake Waterfront Lots.

0% Owner financing available for two years on these beautiful waterfront Green Lake Lots! 
Contact Gary-(231)-633-2323