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Home Builder Confidence Rises To Highest Level Since January 2006

The National Association of Home Builders (NAHB) / Wells Fargo Housing Market Index (HMI) rose in July. Home builder confidence in the market for newly constructed single-family homes rose six points to a reading of 57. NAHB reports that this was the third consecutive rise in the HMI and its highest reading since January 2006. Three components used in compiling the HMI reading include current sales, which gained five points for a reading of 60.  Confidence in prospective buyer traffic rose from 40 to 45, and sales expectations for the next six months rose from a reading of 60 to…
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3 Common Home Financing Problems And How To Avoid Them

Getting the best mortgage financing for your new home can sometimes be a complicated process and, unfortunately, things can go wrong. Using a licensed and trusted mortgage loan specialist can help alleviate many of these challenges. There are certain mistakes that many homebuyers make when applying for their mortgages that can seriously damage their chances of being approved. If you are aware of the most common mortgage issues, you will be better able to prevent them when applying for your own mortgage. Make sure that you keep the following tips in mind when applying for a mortgage: Making Large Purchases…
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What Are the Hot Home Decor Trends for 2013?

Just like fashion designs and hair styles, home decor trends are constantly changing and evolving. Each new season brings a new must-have feature for your home. In order to keep your home looking fresh and chic, what are the hot trends for 2013 that you can incorporate into your decor? Here are a few ideas: Bright Paint Colors Vibrant (and even neon) hues are very popular in fashion at the moment and they also look really chic on your walls. If you are looking for a way to freshen up a dull room, a bright pop of color can really…
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What’s Ahead For Mortgage Rates This Week – July 15, 2013

The Fed's release of the minutes for the June FOMC meeting was the most noteworthy economic event last week; the minutes repeated the Fed's recent statement concerning the wind-down of its current monetary easing policy. The minutes indicated that about half of meeting participants wanted to end the quantitative easing (QE) policy by year end, while "many others" preferred to end the program in 2014. This split suggests that days are numbered for the Fed's monthly purchase of $85 billion in Treasury securities and mortgage-backed securities (MBS). The minutes also revealed that the Fed would not be selling off MBS…
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