Blog – Page 713 of 738

25 Jun 2013

3 Clever But Simple Ways To Get Your Home Mortgage Paid Faster

Mortgage Tips

Paying off the mortgage on your home faster means that you will not only have the satisfaction of owning your own home sooner, you will also have the benefit of paying much less in interest over the years. The faster you pay off your mortgage, the more money you can save, so here are some tips to accelerate your payment schedule. Pay Your Mortgage Every Other Week (Bi-Weekly) Did you know that if you take your monthly mortgage payment and divide it in half and then pay it every two weeks that you will end up making a full extra month…

24 Jun 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week – June 24, 2013

Housing Analysis

Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year. The chairman made it clear that any decision concerning QE would be based on careful review of current and developing economic conditions. QE is intended to keep long-term interest rates low; any reduction of the QE securities purchases could cause mortgage rates to…

21 Jun 2013

By Mark Feder

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The Federal Open Market Committee Holds Steady With Mortgage Backed Security Investments

Federal Reserve

The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly. Objectives for the QE program include: Keeping long term interest rates, including mortgage rates, low Supporting mortgage markets Easing broader financial conditions FOMC repeated its position of evaluating QE policy based on inflation, the unemployment rate and economic developments. Members of the FOMC determined that keeping the federal funds rate between 0.00 and 0.25 percent until the following…

20 Jun 2013

By Mark Feder

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Three Tips To Get The Best Financing On Your Second Home Purchase

Home Buyer Tips

Are you buying a property as your second home? Perhaps you are looking for a small cottage or apartment where you can escape to for your vacations, or maybe you want to have another home closer to your relatives? Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can present a challenge. Generally, a mortgage lender will have tougher standards for vacation home -- or second home -- loans…