The calendar has turned and with that we receive less sunlight, colder temperatures, and shorter days ahead, it’s an opportune time to cross those last-minute maintenance items off your homeowner to-do list.
“There’s always something to be thankful for. If you can’t pay your bills, you can be thankful you’re not one of your creditors” â Author Unknown
Refinancing a mortgage is a golden opportunity to lock in today’s low interest rate for the next 15 or 30 years. While interest rates now are still low, there’s a good chance they will be heading up in the coming months.
The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September.
Last weekâs scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last monthâs FOMC meeting were released, and confirmed the Federal Reserveâs intention to leave its quantitative easing program unchanged at least for the near term.
The minutes of the Federal Reserve’s Federal Open Market Committee meeting held October 29 and 30 were released Wednesday. The meeting began with a report from the Manager of the System Open Market Account and included updates on developments within domestic and foreign financial markets.
In order to save up a huge amount of cash for the down payment on your first mortgage, you need a solid savings plan!
When you take out a mortgage on your new home as a first time homebuyer, the more you can pay as a down payment the better.
The National Association of Home Builders released its Housing Market Index for November on Monday. This month’s HMI reading was 54 against expectations of a reading of 55. Octoberâs reading was also 54 after being downwardly revised.
The Veterans Day holiday on Monday contributed to a quiet week for economic news. On Wednesday the reading for the federal budget deficit for October fell from September’s reading of -$120 billion to -$92 billion.
FHA loans are becoming increasingly popular these days as potential homeowners are not able to qualify for mortgages from traditional lenders. The FHA insures these high-risk loans, in turn allowing borrowers with low down payments and less than perfect credit to purchase homes and bolster the housing market.