Super Bowl Weekend traditionally marks the start of the Spring Buying Season in real estate. Anecdotally, real estate agents will tell you that buyer activity tends to tick higher at this time of the year.
Meanwhile, with mortgage rates still trolling near all-time lows and Congress debating a first-time homebuyer [...]
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today. It remains within a target range of 0.000-0.250 percent.
In its press release, the FOMC reiterated most of the key points from its December 2008 statement, including:
The U.S. employment outlook continues to deteriorate Consumers and businesses continue [...]
The Federal Open Market Committee adjourns from its 2-day meeting today.
The monetary policy-setting group is expected leave the Fed Funds Rate within its current target range of 0.00-0.250 percent.
This is the lowest range for the Fed Funds Rate in history and, frankly, there isn’t much room left to go lower. Therefore, markets [...]
Don’t let the plunging median sales price fool you — December’s Existing Home Sales data has home sellers smiling.
Just one month after falling below the 5-million unit trend line, sales volume roared back by 300,000 homes in December, surprising housing analysts and making a case that this spring’s Buying Season [...]
Winter’s halfway over, but that doesn’t mean it’s too late to make smart, money-saving, winter heating choices.
This 4-minute video from the NBC Today Show covers the important stuff:
Because “circular” thermostats are only accurate to within 6 degrees, what you should do about it How to know if your [...]
When a homeowner sells his home and decides to buy a new one, there are 3 basic options for the residence — sell it, keep it, or rent it.
Unfortunately, no matter which path they choose, move-up homebuyers in need of a new conforming mortgage will find qualifying for a home loan to be more [...]
After improving through 11 straight weeks, mortgage rates finally ticked higher last week. This, according to Freddie Mac’s weekly mortgage rate survey. The Freddie Mac survey showed that mandatory mortgage fees rose last week, too.
Unfortunately, the bad news for rate shoppers doesn’t stop there.
Because Freddie Mac’s rate survey is conducted [...]
The S&P/Case-Shiller Home Price Index is a popular measure of domestic home prices, released monthly.
The index reports on the largest 20 U.S. markets, painting a broad picture of real estate values nationwide.
Despite the Case-Shiller Index’s two obvious flaws — (1) it only counts repeat sales on single-family residences, and [...]
For spot heating, many homeowners turn to portable electric space heaters; it’s often more efficient to plug one in than to raise the household thermostat by a degree or two.
But using a space heater isn’t as safe as it is simple. According to the National Fire Protection Association, in 2005, space [...]
Another week, another headline screams how mortgage rates have falled to an all-time low.
Freddie Mac published its weekly mortgage rate survey Thursday and found that the “average” mortgage rate is now 4.96 percent, the lowest since the survey started in 1971.
But, if we look beyond the headline, [...]
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