Blog – Page 676 of 763

23 Jun 2014

What’s Ahead For Mortgage Rates This Week – June 23, 2014

Market Outlook

Last week's scheduled economic news included the National Association of Home Builders /Wells Fargo Housing Market Index, Housing Starts and Building Permits. The Fed's Federal Open Market Committee (FOMC) issued its usual statement at the conclusion of its meeting, and Fed Chair Janet Yellen also gave a press conference. Home Builder Confidence Improves, But Housing Starts Slow NAHB released its Housing Market Index report, which reached its highest reading in five months. The index moved up from 45 to 49; a reading of 50 indicates that more builders are confident about housing market conditions than those who are not. David…

20 Jun 2014

By Mark Feder

Dos And Donts Of Buying Distressed Real Estate

Real Estate

Distressed real estate is real estate in need of serious repairs. These properties are often called "handyman specials." If you have the skill or the money to complete the repairs, you can often find great deals. Here are some dos and don'ts of buying distressed real estate. DO Get A Home Inspection Distressed homes need repairs. Some of these repairs, like broken floor tile, are easy to see. Others, like water damage in the attic, can be easily hidden. The only way to know for sure what you're buying is to have the property inspected by a professional home inspector.…

19 Jun 2014

By Mark Feder

FOMC Statement: Quantitative Easing Tapered by $10 Billion

Financial Reports

The Federal Open Market Committee (FOMC) determined that current economic conditions warranted another $10 billion reduction in the Fed's asset purchases. Citing improvements in economic indicators including labor markets and national unemployment, committee members said that further tapering of its quantitative easing (QE) asset purchases was warranted. The Fed will now purchase a total of $35 billion monthly in treasury securities and mortgage-backed securities. While continued reductions in the Fed's asset purchases could contribute to rising mortgage rates, the FOMC statement said that the Fed's "sizeable and still increasing" holdings of long-term securities is expected to hold down long term…

18 Jun 2014

By Mark Feder

Should You Finance The Sale Of Your Home By Yourself?

Home Mortgage Tips

You've decided to put your home up for sale. Now, how are you going to make the most money selling it and get it sold the fastest? Perhaps you should consider providing owner financing, also known as seller financing. Why Isn't The Buyer Getting Bank Financing? Usually a buyer gets bank financing when buying a home. If the buyer approaches you with a deal that involves you doing the financing, you'll want to ask why. It could be that they can't afford a big down payment, and can't be approved for a loan without it. Or, they may not be…