The bond market sold off this morning after the US Retail Sales report showed that sales rose more than forecast in November. Sales have now increased for the 3rd time in the past 4 months – evidence that economic recovery could be gaining even more traction.
Watch the video above from one of our Team Leaders, Keith Elder, to preview some of the new cube options for when we move to [...]
Do you ever wonder what happens to property that someone has bought, but never did anything with it and doesn’t live there?
Mortgage bonds sold off Wednesday following the disappointing 10-year auction in the afternoon. The Treasury auctioned off $21 billion of 10-year notes.
Due to the difficult condo market, FHA (Federal Housing Administration) has changed their policy guidelines to be more lenient for financing effective December 7, 2009. Under the new modifications, FHA has now lowered the 51% owner occupancy requirement to 50%. The government has also reduced the pre-sale requirement from 50% to 30% of the total units. Lastly, the concentration limit has been increased from 30% to 50%, and may even be increased to 100% in established projects.
It’s that time of the year again, with most states experiencing their first snowfall by now. And if you live in Michigan, this is when the snow constantly melts and refreezes into ice. While the first snowfall is always pretty, it soon becomes a nuisance with shoveling snow and lugging around bags of salt. So to combat the work ahead, here are some tips on how to remove snow and ice.
With the holidays around the corner, you’re probably looking for gift ideas. And while we all have a good idea of what to get some people, there’s always the certain few that are hard to shop for. To help with that mental block, here are some unique ideas that might just be the perfect gift.
Last week low rates drove mortgage applications higher, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
Treasuries rallied yesterday following comments from Fed Chairman Bernanke that tempered some of the optimism in the market regarding the pace of the economic recovery. Bernanke is confident that the Fed will be paid back for the money pumped into the economy, and believes that there will be moderate economic growth in 2010 according to CNN Money.
While being green is ideal, spending more money to help the environment is often costly and unrealistic. However, when the government adds incentive to home improvements that will already save you money – there’s little reason left to hesitate on which type you should choose.