Possible plan for new loans at 4.5% interest rate

The Treasury Department is considering a plan that would involve its purchase of securities backed by newly issued loans in exchange for mortgage lenders charging low interest rates, such as 4.5 percent on a 30-year fixed-rate loan. The plan would cover only loans given to borrowers who meet Fannie Mae, Freddie Mac and FHA standards; and some observers believe it would be more effective in stimulating the housing market than efforts targeting delinquent borrowers. It remains to be seen how much the plan would cost, though the Treasury could fund the initiative and turn a profit by issuing bonds at 3 percent interest. According to Keith Gumbinger of HSH Associates, “What’s not known is the timing of the purchasing of […]

A Day in the Life at The Mansion on Peachtree

Spa 29 Jacuzzi I recently had the good fortune to experience 29 Spa at The Mansion on Peachtree Residences & Hotel.  Prior to my appointment, I relaxed in the Jacuzzi.  What was so amazing about this experience was the beautiful mosaic above the spa.  Instantly mesmerizing, I was able put my cares away and be lulled into relaxation.   The services were perfect and I was thrilled to be able to experience a little taste of what it would be like to live at The Mansion on Peachtree. There are 37 residences starting at $2.5 million. In addition to the all the amenities of this Rosewood Hotel (valet, room service, housekeeping, and fantastic restaurant) the residences provide wall space for art […]