VOL. 116 | NO. 229 | Tuesday, November 26, 2002
The Golden Feather Realty seminar, designed to teach brokers and agents
how to sell Housing and Urban Development homes knowle
The Golden Feather Realty seminar, designed to teach brokers
and agents how to sell Housing and Urban Development homes knowledgeably and
efficiently, is 9 a.m. to 11 a.m. Dec. 4-5 in the Memphis Area Association of
Realtors education center, 6393 Poplar Ave. The seminar is free. For
reservations, call 818-2421.
Mid-America Apartment Communities
Inc.s board of directors declared full-month dividends of 20 cents, 18 cents
and 19 cents per outstanding share of its Series A cumulative preferred stock,
Series B cumulative preferred stock and Series F cumulative redeemable
preferred stock, respectively. The distributions are payable Dec. 13 to
shareholders of record Monday.
The Memphis Area Association of Realtors office is closed
Thursday and Friday for the Thanksgiving holiday.
Three Memphis area real estate agents were installed to
leadership positions in the Tennessee chapters of the Council of Residential
Specialists and the Council of Real Estate Brokerage Managers at the Tennessee
Association of Realtors convention. Nancy Guy of Crye-Leike Inc. is
the 2003 CRS president-elect. Patty J. Rainey of McWaters & Associates is
the 2003 CRB president and Phoebe Burks of Crye-Leike is the 2003 CRB
secretary/treasurer. CRS and CRB are not-for-profit affiliates of the National
Association of Realtors.
Dr. Steven J. Bares, Memphis Biotech Foundation president
and executive director, is the featured speaker at the Dec. 11 Realtor luncheon.
The event is 11:45 a.m. to 1 p.m. at the Memphis Area Home Builders
Association, 776 N. Germantown Parkway. For reservations, call 818-2444 at
least 48 hours in advance. No-shows and walk-ups will be charged $15.
In Freddie Mac's Primary Mortgage Market Survey, the
30-year, fixed-rate mortgage averaged 6.03 percent, with an average 0.6 points,
for the week ended Nov. 22, jumping from 5.94 percent the previous week. Last
year at this time, the 30-year FRM averaged 6.75. The average for the 15-year
FRM last week was 5.44 percent, with an average 0.6 points, up from the
previous week's average of 5.32 percent. A year ago, the 15-year FRM averaged
6.24 percent. One-year, Treasury-indexed, adjustable-rate mortgages averaged
4.14 percent last week, with an average 0.6 points, up from the previous week's
average of 4.09 percent.