Current Mortgage Rates for Tuesday, July 28, 2015

interest rates seesaw

After rallying yesterday, bonds began the day by selling off.  The market has since come back a little bit, but mortgage backed securities are still a little in the red, and mortgage rates are just a little bit worse than they were yesterday.  Monday’s rally had a lot to do with a huge sell-off in […]

8 Home Improvements to Consider Before You Move In

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You finally did it—you purchased a home. But being a resale, it wasn’t custom built for you, so it’s possible you’ll need to undertake several home improvements before you can truly call it your own.   1. Repair/paint walls With a resale, there’s a good chance you’re not going to like the color of the wall […]

Why Are Rents Rising?

rent rising

Rents, like most housing costs, are simply a function of supply and demand. When supply of apartments and rental homes is high and demand is weak, rents fall. Conversely, when supply is tight and demand is strong, rents rise. At the local level, rents and housing values tend to rise in tandem.  A hot housing […]

Current Mortgage Rates for Monday, July 27, 2015

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Last week was slow.  Particularly if you are trying to write a daily blog about mortgage rates.  Generally speaking, bonds ground sideways last week. According to Freddie Mac’s Primary Mortgage Market Survey, the average rate on a 30-year fixed-rate mortgage fell from 4.09% to 4.04%.  Since the week of June 11, the average rate has […]

Mortgage Rates Roundup for Saturday, July 25, 2015

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The recent chaos in the global marketplace has stabilized (for now), causing mortgage rates to dip down slightly this week. Labor Market: The Labor Department reported on Thursday that (after a seasonal adjustment) 255,000 jobless claims were filed for the week ending July 18, which is the lowest level since November 1973. While it can be difficult […]

4 Ways to Deal With Bad Neighbors

conflict management in business at work or between couple with different interest solve the problem and find resolution

Neighbors can become life-long friends. They can also become secret mortal enemies. From mowing the lawn at ungodly hours, to talkative busy-bodies, there are plenty of ways your bad neighbors can get under your skin. And most of the time, these neighbors don’t move away, leaving you with little choice but to deal with the situation […]

4 Fast Solutions for Last Minute Mortgage Problems

problem-solving

Getting a mortgage can be stressful, especially when last-minute issues crop up that can stop the process in its tracks. These surprises are unpleasant, but they don’t have to spell disaster for your mortgage if you act quickly. Problem: Additional Documentation is Needed Your lender calls you days before closing and requests additional documentation. This […]

Should You Save for a Down Payment, or Pay Off Debt?

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These days, debt free is the end game for a significant chunk of the population. But if you’re still not quite there yet and you’re itching to start building equity in a new house, you may be wondering where exactly your priorities (and your savings) should lie: in an account marked “future down payment” or […]