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29 Oct 2013
By Mark Feder
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What You Should Know About Pending Home Sales This Month

Housing Analysis
Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September's reading was below August's reading of -1.60 percent. The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012. A spike in mortgage rates in August coupled with rapidly rising home…
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28 Oct 2013
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – October 28, 2013

Housing Analysis
Federal government agencies issued reports that were delayed by the government shutdown; and Freddie Mac reported that average mortgage rates fell for all types of loans it reports. The National Association of REALTORS issued its Existing Home Sales report on Monday. While 5.30 million home sales were expected an annual basis, September's reading fell short at 5.29 million sales. August's reading was adjusted from an original reading of 5.48 million, which equaled July's reading. Higher mortgage rates and home prices were cited as contributing to the slip in September's sales. The Bureau of Labor Statistics issued the Nonfarm Payrolls report…
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25 Oct 2013
By Mark Feder
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3 Easy Tips To Protect Your Deck This Winter

Around The Home
Barbecue season is all but over, and you won't be spending as much time out on the deck. Don't let it get you down, though. Spring will be here before you know it. There are a lot of things that can wear down and damage your deck, so protect your deck and make sure it stays in tip top shape over the winter. Cover The Furniture You want your deck to look as good in the spring as it does now. The first step is to cover all the furniture (don't forget the grill!). Cover everything with commercial furniture covers…
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24 Oct 2013
By Mark Feder
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Why Should One Consider Refinancing Their Mortgage Now?

Housing Analysis
Refinancing a mortgage is a golden opportunity to lock in today's low interest rate for the next 15 or 30 years. While interest rates now are still low, there's a good chance they will be heading up in the coming months. The Fed won't maintain the current bond purchasing level forever, and just as rates spiked in September when the Fed hinted the bond purchasing would change, rates will spike even more when purchasing levels actually do change. As interest rates remain very low for 30-year and 15-year mortgages, homeowners can benefit greatly from a refinance. Several types of people…
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