The dollar weakened after the Group of 20 nations agreed over the weekend to avoid “competitive devaluation” of their currencies. In other news, Treasuries are higher this morning ahead of the home sales and manufacturing data. Some of the key releases slated for the week include the new and existing home sales reports, consumer confidence and GDP. Also, the Treasury is scheduled to auction another $109 billion this week.
The euro posted a modest gain against the dollar Friday after a survey reported sentiment among German businesses improved to a 3½-year high, allaying some lingering fears over an impending euro-zone slowdown. In other news, Philadelphia Fed President Plosser will speak on regulatory reform later today.
Mold is an unfortunate reality for many homeowners. We discuss ways to spot and contain any mold problems that may arise in your home.
A Quicken Loans team member shares her personal experience with the FHA streamline refinance.
After opening flat to yesterday’s close, mortgage bonds have sold-off and stocks have advanced after government data showed that applications for U.S. unemployment benefits fell. However, the net change wasn’t big enough to suggest any major improvement in the labor market.
Quicken Loans Regional Vice President Joel Gurman talks to readers about the long term effects of foreclosure.
In economic news today, the weekly mortgage application index showed a decline in applications by 10.5% from the prior week. Later today, the Fed will release its Beige Book survey of the economy. Another weak Beige Book report will further strengthen expectations for the FOMC to announce a new quantitative easing program at its next meeting in two weeks.
You don’t have to find an antique heirloom in your attic in order to save money. Check out our attic efficiency tips to see how you can save every day!
China’s central bank Tuesday raised interest rates for the first time in nearly three years. The People’s Bank of China said in a statement it will raise the one-year yuan lending rate to 5.56% from 5.31%, and the one-year yuan deposit rate to 2.5% from 2.25%. In other economic news, treasuries and mortgage bonds were down slightly from yesterday’s close amid speculation that more quantitative easing by the Fed will increase inflation.
Many home buyers are confused about the differences between short sales and foreclosures. We provide some helpful tips for anyone considering these types of properties.