Blog – Page 734 of 762

11 Jul 2013

FOMC Minutes Reveal Fed May Curb Economic Support Program Before Year End

Federal Reserve

FOMC Minutes Suggest QE Tapering by Year-End The minutes for June's meeting of the Federal Open Market Committee (FOMC) suggest that committee members are mostly in agreement that the current quantitative easing program (QE) should begin winding down by year end, but the committee minutes are very clear concerning the committee's intention to monitor inflation and ongoing economic and financial developments before taking action to reduce the current rate of QE. The Fed currently purchases $85 billion monthly in Treasury securities and mortgage-backed securities (MBS). Investors fear that if the Fed rolls back QE too soon or too fast, it…

10 Jul 2013

By Mark Feder

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Is It Possible That Your Gender May Influence Your Home Mortgage Approval?

Housing Analysis

If you are applying for a joint mortgage on your property with your spouse or partner, the name that goes first could have more of an impact than you might think. A 2010 study by the Woodstock Institute showed that mortgage lenders were inclined to show favoritism when men were the lead borrowers on joint applications. The study was undertaken within the Chicago area and it tracked joint applications for refinancing as well as home purchases. Over 250,000 applications were studied in the year 2010. Surprisingly, the study showed that home purchase applications that listed the female partner as the…

09 Jul 2013

By Mark Feder

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The Best And Worst Times Of The Year To Sell Your Home

Home Selling Tips

Does the time of year when you put your home on the market affect how well it will sell? What about the final sales price? According to many studies in housing trends, the answer is yes. The time of year when you sell your home can have an effect on how many people are interested and how much the home will sell for. Of course, if you need to move and sell your home at any point of the year, you will still be able to find buyers and negotiate a price that works for you. In some areas of…

08 Jul 2013

By Mark Feder

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What’s Ahead For Mortgage Rates This Week – July 8, 2013

Housing Analysis

Last week saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments: Monday: The Department of Commerce reported that overall construction spending increased by 0.50 percent in May to a seasonally adjusted annual rate of $874.9 billion. Residential construction grew by 1.20 percent, and May 2012 construction spending was 5.40 percent higher than in May 2012. More spending in residential construction can indicate builder confidence in housing markets; added construction could help ease low inventories of available homes. Tuesday: CoreLogic reported that May national home prices increased by 12.20 percent over May…