Last week brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the average rate for a 5/1 adjustable rate mortgage was … [Continue reading]
Preventing And Clearing Clogs In Your Home
You're brushing your teeth and you turn on the faucet. It's not draining and starts to back up. Here's the dilemma; do you spit and let it sit or run to the kitchen? One thing is for sure; having a clogged drain can be a major annoyance. Clogs not … [Continue reading]
Fed Meeting Minutes Reflect Support For Reducing QE Program
The minutes of last month's Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed's current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain … [Continue reading]
It’s Important To Follow These Specific Steps When Using Gift Funds For Your Down Payment
As lenders tighten mortgage guidelines for home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 5 - 10 percent. Incidentally, … [Continue reading]
Home Builder Confidence Highest Level In Nearly 8 Years
The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August. Confidence among builders is likely growing in connection with stronger housing markets and high demand … [Continue reading]