10 Apr 2014
By Mark Feder

The Happenings In A Reverse Mortgage

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When you're looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don't leave enough to live on. But with all the information out there, how do you know what happens in a reverse mortgage and whether it's a good option for you? What Is A Reverse Mortgage? A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home's equity. The…
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07 Apr 2014
By Mark Feder

What’s Ahead For Mortgage Rates This Week – April 7, 2014

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Last week's economic news included readings on February construction spending and multiple reports on employment data. Private sector employment was higher in March, but The Bureau of Labor Statistics reported that Non-Farm Payrolls for March fell short of expectations. According to Freddie Mac, mortgage rates ticked upward. Employment And Unemployment News ADP's payrolls report for March was higher than February's reading, with 191,000 new private sector jobs added. In February, 178,000 jobs were added. February's reading originally showed 138,000 new jobs added. While analysts were confident that private-sector employment was showing signs of stability, the U.S. Bureau of Labor Statistics…
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27 Mar 2014
By Mark Feder

S & P Case-Shiller Shows Home Prices Down For Third Consecutive Month

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Harsh winter weather conditions contributed to home prices falling in January. The S&P Case-Shiller 20-City composite index reported that home prices dropped by 0.10 percent in January, but after seasonal adjustments, home prices increased by 0.80 percent in January as compared to December. 12 of 20 cities posted declines in home prices in January. There's no cause for alarm, as year-over-year home prices increased by 13.20 percent as compared to year-over –year readings of 13.40 percent in December and 13.70 percent in November. David Blitzer, chair of the S&P Dow Jones index committee, said "The housing market is showing signs…
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25 Mar 2014
By Mark Feder

FOMC Statement Shows “Moderate” Economic Growth

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The Federal Reserve's Federal Open Market Committee met last week and Janet Yellen held her first press conference as Fed chair. According to the FOMC statement released after the meeting, the Fed cited severe winter weather conditions as a reason for slow economic growth in recent months. FOMC members will continue to monitor economic conditions and developments as part of any decision to change the Fed's change monetary policy. Highlights included: "Moderate" Economic Growth; Asset Purchases Reduced For April FOMC made the predicted cut to its asset purchase program and reduced April's purchase of mortgage-backed securities and Treasury bills to…
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