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]
What’s Ahead For Mortgage Rates This Week – August 19, 2013
Last week wasn't kind to stock market investors, but weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed, the lowest level in nearly six years. Here is a review of the major events of the week. Monday: The federal … [Continue reading]