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What’s Ahead For Mortgage Rates This Week — July 29, 2013

Last week brought a mixed bag of economic news, but most notably, average mortgage rates fell. New home sales surpassed expectations and consumer sentiment rose for July; these readings among others suggest that the economy continued to improve and that consumer confidence in the economy improved as well. Monday: Existing home sales in June were reported at 5.08 million on a seasonally-adjusted annual basis. While this fell short of expectations of 5.25 million existing homes sold, the expectation was based on the original reading of 5.18 million existing homes sold for May; this was later revised to 5.14 million homes…
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How To Bring More Natural Light Into Your Home

One of the biggest improvements that you can make to your home is to bring in more natural light. Sunlight is a powerful mood enhancer and a home design that brings in a lot of natural light will automatically look and feel much more pleasant. Not only will it boost your mood, bringing in natural light will also increase the value of your home. So how can you shed some light on your home's interior? Here are a few ways: Add More Reflective Surfaces Whenever you add a light and reflective surface to your home, you increase the number of…
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What Should You To Do In Advance To Prepare For Your Mortgage Application

If you are applying for a mortgage to buy a home, doing your homework in advance before you submit the application means that you will stand a better chance of getting accepted at a desirable mortgage rate. According to mortgage experts, it is a good idea to gather up all of the needed documents in advance before launching your house hunt, as this will make the application process a lot easier. The housing burst has resulted in much harder lending standards, which means that it could possible take weeks or sometimes even months to secure a loan. Here are a few…
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Existing Home Sales: Second Highest Level Since 2009

According to the National Association of REALTORS®, national sales of existing homes in June came in at 5.08 million. June's reading was reported to be the second highest since November of 2009; this should calm concerns about a lapsing recovery in housing markets. Summer typically produces the highest prices for existing homes sold, as families seeking larger homes frequently move during summer months. The June inventory of existing homes improved by 1.90 percent to 2.19 million homes or a 5.20 month supply. June's number of available homes was 7.60 percent lower than in June 2012. The shortage of available homes…
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