Housing Data Released This Week – Market Update

Housing Data Released This Week – Market Update

Treasuries opened higher this morning on speculation that Greece will be unable to avoid a debt default. Later this morning, the National Association of Home Builders will be releasing their April housing market index which is expected to be unchanged. S&P just revised the U.S. long-term outlook from a stable rating to negative…mortgage-backed bonds initially sold off approximately a quarter point from this morning’s open.

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Top 10 Cities for Veterans

Top 10 Cities for Veterans

This week was Military Families Week! In observance of the hard work that our military and their families do, we wanted to share some helpful information about great places to live and work after the military. There was an article published this week on AOL’s Jobs section talking about 10 great cities for veterans. It looks at features such as the job market, accessibility to military support and services, cost of living, education, and local tax laws, among other things. Advantages of a VA Loan For military families who are thinking about purchasing a home, there are also great programs and tax benefits available. According to IRS website, members of the miliary have until April 30th to claim the Homebuyer Tax Credit, which is an $8,000 tax credit or 10% of the home purchase price – whichever is smaller. Repeat buyers are eligible for a $6,500 credit or 10% of the purchase price. In addition, VA Loans have other advantages such as no down payment options and a streamlined process. Here is the summarized list of the best cities for veterans. Please check out the full article on AOL Jobs. The Top 10 Cities for Veterans: Austin, Texas Fayetteville, North Carolina Jacksonville, North Carolina Waco, Texas Oklahoma City, Oklahoma College Station-Bryan, Texas Harrisburg- Carlisle, Pennsylvania San Angelo, Texas Madison, Wisconsin Pittsburgh, Pennsylvania You can read the full article here – http://jobs.aol.com/articles/2011/04/12/top-10-cities-to-find-a-job-after-the-military/?icid=maing-grid7|main5|dl11|sec1_lnk2|55881 Please leave us a message with your thoughts!

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Bonds Drop Following Decline in Job Claims Report – Market Update

Bonds Drop Following Decline in Job Claims Report – Market Update

Bonds opened relatively unchanged this morning and then subsequently dropped following a decline in the initial job claims report. In other news, the European Central Bank raised their rates by .25 percent in an effort to curb inflation. That decision came not long after Portugal put in a request for a bailout, which estimates say could reach $130 billion, and also at a time when many countries are in need of capital.

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