Home improvement doesn’t have to be expensive. If you’re getting a some money back on your tax returns, one great way to spend that money might be to do some simple home repairs. Most small projects that make a big impact are actually relatively cheap and easy to do. And by spending a little money towards improving the look of your home – you can really increase your home’s perceived value when it comes time to sell! Here are ten tips for small things you can do to your home.
FOMC meeting minutes will be released at 2:00 PM today. Markets will pour over the notes to look for clues about future policy changes.
In most companies, a majority of the workers generally don’t have an opportunity to talk with their CEO about concerns and complaints. But as the economy recovers, the Wall Street Journal reported that many CEOs are actually spending more time with their workers. Among the few interviewed – Quicken Loans CEO Bill Emerson was recognized for his unique approach to spending time with team members.
The key events of the week include today’s Pending Home Sales report, and ISM non-manufacturing index, along with tomorrow’s release of the FOMC meeting minutes. We also have $74 billion of Treasury auctions slated for this week.
On March 26th, the Obama Administration announced changes to the HAMP or Home Affordable Modification Program, as well as a new FHA (Federal Housing Administration) program to help stabilize the housing market. These changes are aimed at helping homeowners who owe more on their loans than their home is worth – also known as underwater, to prevent foreclosures and work with lenders to help homeowners keep their homes.
The bond market will be closing early today and with the Good Friday holiday, trading activity is expected to be limited. U.S. equity markets are closed all day.
Do you have a home worth over $1 million? Good news! According to a recent CNBC article, sales of high end homes have increased 37% nationwide. After nearly two years of double digit declines for these home sales, we are finally starting to see a rebound.
Do you ever wonder where the funding for your mortgage comes from? Or what does Fannie Mae or Freddie Mac do? And lastly, you’re probably thinking: what do these questions have to do with me?
At the present time mortgage bonds are lower. A drop in jobless claims and a better than expected ISM index number, which measures manufacturing, has caused mortgage bonds and treasuries to sell off this morning.
Today marks a a pretty significant turning point for the mortgage industry. As of March 31, the Federal Reserve is no longer buying mortgage-backed securities (MBS). According to Forbes, the Fed poured $1.25 trillion dollars into buying these securities to provide capital for lenders and investors.