Among the most challenging aspects of shopping for a mortgage is how rates change constantly. It’s hard to pin them down. Especially when geopolitics are involved.
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Wash Your Windows The Eco-Friendly Way
Washing windows can be a drag on the environment. Most homeowners use multiple rolls of paper towels to finish the job, and many commercial window cleaners are chemical-loaded. Fortunately, there’s a way to wash your windows, be environmentally conscious, and still get great results. Here’s how to do it.
Pending Home Sales Point To Seller’s Market This Summer
The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month.
A Simple Explanation Of The Federal Reserve Statement (April 27, 2011 Edition)
The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote.
New Home Supply Falls To 16-Year Low
Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It’s an 11 percent improvement from February.
Mortgage Rates — And Home Affordability — At The Whim Of The Federal Reserve
If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.
Demand Is Rising, Supplies Are Falling : Home Prices Set To Rise?
Home resales rose 4 percent last month, according to the March Existing Home Sales report. A total of 5.1 million homes were sold on an annualized, seasonally-adjusted basis.
Building Permits Rise In All 4 Regions
According to the Census Bureau, seasonally-adjusted, single-family Housing Starts rebounded in March, increasing 8 percent over February’s 2-year low.
As Buyer Traffic Grows, Homebuilder Confidence Slips
According to the National Association of Homebuilders, the Housing Market Index slipped one point to 16 in April. It’s the 5th time in 6 months that the index read 16 — a figure exactly in line with the 1-year average, but still considered “poor”.