VOL. 117 | NO. 34 | Tuesday, February 18, 2003
Real estate briefs 02-18-03
The Memphis Area Association of
Realtors luncheon runs from 11:45 a.m. to 1 p.m. Wednesday at the Holiday Inn-University
of Memphis, 3700 Central Ave.
The speaker is Dexter Muller Sr.,
vice president for infrastructure development for the Memphis Regional Chamber.
The luncheon is free, but
no-shows and walk-ups will be charged $15. The luncheon is sponsored by
AT&T Wireless. For more information, call 818-2444.
The Downtown Neighborhood
Associations February membership meeting begins at 6:30 p.m. Thursday at
Cayenne Moon, 94 Front St.
County Mayor A C Wharton is the guest speaker. For more information, call
527-3621 or visit www.memphisdna.org.
The Institute of Real Estate
Managements luncheon starts at 11:30 a.m. Thursday at Wendells World Beat
Grill, 414 S. Main St.
After lunch, the group will meet
at 450 Mulberry St. for a tour of the National Civil Rights Museum.
The luncheon is free for CCIM
members, and $20 for guests.
Nominations are now being accepted for National Association
of Realtors directors from Tennessee. Nomination forms are due Feb. 24 and are
available by contacting Carol Foote, 818-2433 or email@example.com.
Shelby County Trustee Bob Patterson has announced that Feb.
28 is the last day to pay 2002 county taxes. Under state law, beginning March
1, property taxes become delinquent, and penalty and interest accrue each month
they go unpaid.
Tax payments can be made online at
www.shelbycountytrustee.com. For information, call 521-1829.
In Freddie Mac's Primary Mortgage Market Survey, the
30-year, fixed-rate mortgage averaged 5.86 percent, with an average 0.6 points,
for the week ended Feb. 14, down slightly from 5.88 percent the previous week.
Last year at this time, the 30-year FRM averaged 6.86 percent.
The average for the 15-year FRM last week was 5.26 percent,
with an average 0.6 points, dropping from the previous week's average of 5.27
percent. A year ago, the 15-year FRM averaged 6.35 percent.
One-year, Treasury-indexed, adjustable-rate mortgages
averaged 3.89 percent last week, with an average of 0.7 points, unchanged for
the third consecutive week. At this time last year, the one-year ARM averaged