Blog – Page 703 of 739

27 Aug 2013

Existing Home Sales Report Shows Highest New Home Inventory Since January 2012

FHFA

The National Association of REALTORS reported that existing home sales for July came in at 5.39 million on a seasonally adjusted annual basis. July's reading exceeded both expectations of 5.21 million existing homes sold and June's reading of 5.06 million homes sold. This suggests good news for home buyers who've been constrained by limited supplies of homes for sale. As home prices continue increasing in many areas, more homeowners are likely to list their homes for sale. Existing home sales for July rose by 6.80 percent year-over-year. The Federal Housing Finance Agency Home Price Index reported a 7.70 percent year…

26 Aug 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week – August 26, 2013

Housing Analysis

Last week brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the average rate for a 5/1 adjustable rate mortgage was unchanged from the prior week. Weekly jobless claims were also higher. The National Association of REALTORS released its Existing Home Sales report for July and reported existing home sales came in at 5.39 million on an annualized basis. This reading surpassed expectations of 5.21 existing homes sold as well as June's reading of 5.06 million existing homes sold on…

23 Aug 2013

By Mark Feder

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Preventing And Clearing Clogs In Your Home

Around The Home

You're brushing your teeth and you turn on the faucet. It's not draining and starts to back up. Here's the dilemma; do you spit and let it sit or run to the kitchen? One thing is for sure; having a clogged drain can be a major annoyance. Clogs not only frustrate a homeowner but they can be hard on your plumbing. The added pressure they create puts stress on your pipes and can shorten their lifespan. So end the issue by following the guidelines below. You'll learn how to prevent clogging and clear the ones you already have. No Food Down…

22 Aug 2013

By Mark Feder

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Fed Meeting Minutes Reflect Support For Reducing QE Program

Federal Reserve

The minutes of last month's Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed's current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates. The Fed has been buying $85 billion per month in Treasury securities and mortgage-backed securities (MBS). Ben Bernanke, chairman of the Federal Reserve and FOMC has hinted at "tapering" the Fed's securities purchases by year-end in recent statements. The FOMC minutes released Wednesday further suggest that tapering based on strengthening economic trends is likely. FOMC Members Express…