Blog – Page 711 of 763

26 Nov 2013

Get The Low Down On Pending And Existing Home Sales This Month

Housing Analysis

The National Association of REALTORS reported Monday that pending home sales dropped by -0.60 percent in October after falling at a revised rate of -4.60 percent in September. According to Lawrence Yun, chief economist for NAR, 17 percent of real estate agents reported delays in loan closings due to the government shutdown in early October. Lenders were unable to verify borrower income through the IRS, which was closed during the shutdown. October was the fifth consecutive month with fewer pending home sales reported. Homeowners who owe more on their mortgages than their homes are waiting to sell, and recent spikes…

25 Nov 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week – November 25, 2013

Mortgage Rates

Last week's scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last month's FOMC meeting were released, and confirmed the Federal Reserve's intention to leave its quantitative easing program unchanged at least for the near term. The National Association of Homebuilders Wells Fargo Housing Market Index for November indicated that builder confidence, while still positive, dipped by one point to a reading of 54 as compared to an anticipated reading of 55, and October's revised reading of 54. Retail Sales for October Rose By 0.4 Percent NAHB noted that…

22 Nov 2013

By Mark Feder

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Thanksgiving Decorating Ideas For Your Home

Around The Home

Thanksgiving is right around the corner, and if you're opening your home for the family get together, that usually means you'll be decorating. If you've racked your mind for ideas and none sound just right, here are a few decorating ideas that might help you along your way. Fall Leaves Decorations don't have to be expensive, just look outside the door of your home. Brightly colored fall leaves, either randomly placed on the table or bunched in small arrangements, can really brighten up a table. Turkey Napkins Folded turkey napkins is a simple way to spruce up your Thanksgiving table.…

21 Nov 2013

By Mark Feder

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Fed Meeting Minutes Show Hope In Economic Growth

Federal Reserve

The minutes of the Federal Reserve's Federal Open Market Committee meeting held October 29 and 30 were released Wednesday. The meeting began with a report from the Manager of the System Open Market Account and included updates on developments within domestic and foreign financial markets. According to the report, no intervention by the Federal Reserve was required on foreign currencies during the period between the last and current FOMC meetings. FOMC: Key Data Delayed by Shutdown The FOMC noted moderate economic growth in the period since its last meeting, but also noted that several federal agencies delayed release of key…