What’s Ahead For Mortgage Rates This Week – August 31, 2015

August 31, 2015 by John · Leave a Comment 

Last week’s economic news included several reports related to housing. The Case-Shiller 20-City Home Price Index for June rose to 4.50 percent as compared to May’s reading of 4.40 percent. Denver, Colorado was the only city to post double-digit year-over-year growth. FHFA also released its House Price Index for June. Home prices for properties associated with mortgages owned or backed by Fannie Mae and Freddie Mac rose at a year-over-year rate of 5.60 percent in June as compared to May’s reading of 5.70 percent.

From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home

August 28, 2015 by John · Leave a Comment 

If you’re moving from a large home into a smaller house or condo, you’re probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you’ll want to take certain precautions to ensure that you’re not overwhelmed.

How to Submit an Offer Below the Asking Price Without Spooking the Seller

August 27, 2015 by John · Leave a Comment 

Although you will be rolling the dice with an offer below asking price, there are ways that you can increase the likelihood that your offer will be successful. Before you submit your offer, use these three strategies to make it more appealing.

Case-Shiller: Home Prices Continue to Outpace Inflation

August 26, 2015 by John · Leave a Comment 

Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent.

Will Missing Mortgage Payments Impact My FICO Score? Yes – and Here’s How

August 25, 2015 by John · Leave a Comment 

If you’re like most homeowners, you probably believe that one missed mortgage payment won’t have a noticeable impact on your FICO score. People get behind now and then, and besides, you’ve been faithfully making payments on time for years. How bad could it be?

What’s Ahead For Mortgage Rates This Week – August 24, 2015

August 24, 2015 by John · Leave a Comment 

Last week’s economic events included a number of readings on housing related topics. The National Association of Home Builders released its report on builder confidence in housing markets, Housing starts reached their highest level since the great recession, and existing home sales exceeded expectations and the prior month’s reading. The Federal Reserve released minutes for its most recent FOMC meeting, which indicated that while a majority of FOMC members are leaning toward raising the Fed’s target federal funds rate, concerns over certain aspects of the economy continue to keep the Fed from citing a date for raising its target interest rate.

Buying an Investment Property? 3 Key Home Features That Will Help Ensure You Turn a Profit

August 21, 2015 by John · Leave a Comment 

The key to a successful real estate investment is choosing the right property. A great property will reap dividends for years to come. Look for these three features in your next investment property and you’ll have no trouble finding one that turns a profit.

FOMC Minutes: Rate Hike May be Near

August 20, 2015 by John · Leave a Comment 

The minutes for the most recent meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) suggest that while committee members won’t specify a date, a rate hike could come sooner than later. Committee members continue to cite concerns over labor markets and other economic factors, but the minutes of the FOMC meeting held July 28 and 29 indicate that a majority of members see a rate change as likely in the near term.

Five Required Mortgage Closing Costs – And A Few Tips On How To Minimize Them

August 19, 2015 by John · Leave a Comment 

Mortgages are expensive, and closing costs only add to the financial burden that homebuyers face. But with a little knowledge, you can pinpoint places to save on your mortgage closing costs and keep more money in your pocket. When you’re negotiating your next mortgage, use these tips to reduce required closing costs and keep more of your hard-earned money.

House Hunting in a New City? Three Ways to Determine Which Neighborhoods Are Up and Coming

August 18, 2015 by John · Leave a Comment 

If you’re moving to a new city and you’re looking for an affordable home in a nice neighborhood, one great way to get a fantastic home without paying sky-high prices is by choosing a home in an up-and-coming neighborhood. Communities that are starting to gentrify make it easy to find an affordable home, especially if you buy before the prices start to rise.

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