Blog – Page 649 of 782

23 Mar 2015

What’s Ahead For Mortgage Rates This Week – March 23, 2015

Market Outlook

Last week's events included the National Association of Home Builder's Housing Market Index, which fell to its lowest reading since last summer. Other news included reports on housing starts and building permits, the FOMC meeting statement and Fed Chair Janet Yellen's press conference. Home Builder Confidence Falls, Building Permits Rise The NAHB Wells Fargo Housing Market Index fell by two points for a reading of 53 in March. The expected reading was 57. Analysts said that this proves that lower mortgage rates and steady job growth aren't fueling housing markets as expected. NAHB chief economist David Crowe also cited supply…

20 Mar 2015

By Mark Feder

Three Unique Upgrades That Will Drive Your Home’s Resale Price Through the Roof

Around The Home

If you are a homeowner, you should always be thinking about ways that you can boost the resale value of your home. Whether you are planning on putting the home on the market, or simply want to be prepared for the future, there are upgrades that can make your property more desirable. Give your home the attention it deserves and you'll be prepared for whatever may come down the line. Go Solar With A Home Solar Installation There's no doubt that solar power is big in today's housing market. It's an excellent resource that will save you money on your…

19 Mar 2015

By Mark Feder

FOMC Statement: Federal Reserve Discusses Rate Increase, But Concerned About Growth

Market Outlook

The post-meeting statement of the Federal Reserve's Federal Open Market Committee indicated that while the Fed is considering raising its target rate as early as June, the agency is in no hurry to cast anything in cement. The statement cited stronger labor markets and low unemployment rates as encouraging, but noted that FOMC members remain concerned about economic growth due to low inflation failing to meet the FOMC goal of two percent. 15 of 17 Federal Open Market Committee members said that they expected interest rates to increase before year-end, but downwardly revised forecasts of how high rates might be…

18 Mar 2015

By Mark Feder

Variable-rate vs. Fixed-rate Mortgages – Which is Better for Your Financial Situation?

Mortgage Rates

When applying for a new home mortgage, many loan applicants initially consider applying for a 30-year fixed rate mortgage. This is perhaps the most common and traditional type of mortgage available. It allows you to enjoy the opportunity to pay for your home over the course of 30 years with equal payments every month. While this is one option, there are actually multiple choices available. For some applications, a variable rate mortgage may be more advantageous. If you are comparing the options between a fixed rate and a variable rate mortgage, you may consider a few points. A Lower Initial…