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Archive | August, 2010

Home Builder Confidence Falls Again; Home Buyers Gain Leverage?

August 17, 2010

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After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half.

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How To Unclog A Sink That Won’t Respond To Drano

August 16, 2010

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Sometimes, a backed-up sink is too big of a job for a bottle of Drano. To clear the clog, you have to get your hands dirty. But what do you do? This quick, 2-minute video from Lowe’s is an excellent tutorial.

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Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010

August 13, 2010

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Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structures.

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How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.

August 12, 2010

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Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels.

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A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)

August 10, 2010

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Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

August 10, 2010

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We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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Are You Throwing Out Food Before It Goes Bad?

August 9, 2010

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Just because the expiration date has passed, that doesn’t mean that the food is spoiled. It’s a deep-seated misconception that results in the average American household wasting 14% of all food purchases. Learn what to pitch — and what to keep.

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Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide

August 6, 2010

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According the Federal Home Finance Agency’s Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.

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Nervous About Mortgage Rates Rising? Lock Thursday — Ahead Of Friday’s Jobs Report

August 5, 2010

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Analysts expect that a net 65,000 jobs were lost in July. Wall Street — and Main Street — have a big interest in those results.

Friday’s July Jobs Report Could Spur Mortgage Rates Higher

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As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs

August 4, 2010

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June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.

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