U.S. Treasuries are relatively unchanged this morning. Key events this week will include the $118 billion Treasury auctions along with testimony by Fed Chairman Bernanke on Thursday.
Pop star Britney Spears has lowered the price on her Beverly Hills home for the third time. Zillow reported that Spears originally bought this Italian Renaissance inspired villa in January of 2007 for $7.1 million.
U.S. Treasuries and mortgage bonds traded lower yesterday after the initial jobless claims report dropped again and Philadelphia Fed report showed that manufacturing expanded more than expected in that region.
With so many loan options out there, it’s easy for a first time buyer to be overwhelmed. Traditionally, the often-repeated phrase is to save 20% before buying your first home. But with loans such as the FHA loan offering as low as 3.5% down, is 20% still necessary? Even conventional loans like the 30-year fixed only ask for a minimum of 5%. So what’s the benefit of saving the entire 20%?
Weekly Jobless Claims were 457,000. This is slightly better than last week’s 462,000. Continuing claims rose slightly to 4,579,000.
Every year, many home buyers worry that their credit score is too low for them to qualify for a mortgage. And while raising your credit score isn’t rocket science, it’s easy to get confused between the factors that actually impact your credit versus the ones that just sound like they do.
Last April, actor Mel Gibson and his wife of 28 years, Robyn Moore, filed for divorce. Of course with any divorce comes the dividing of assets. According to a Zillow article, the majority of Gibson’s $900 million worth is tied-up in real estate, so there’s actually not very much cash to be split up.
Yesterday’s FOMC minutes maintained the “exceptionally low levels of the federal funds rate for an extended period.” The FOMC also reiterated the MBS purchase program is “nearing completion and the remaining transactions will be executed by the end of this month.”
There are many household chores we do automatically, and have done it the same way for years. However, we could be outdated in some of our methods, especially with technology changing the way appliances work. Read on for tips on some of the most common mistakes homeowners make with operating their appliances.
The Federal Open Market Committee (FOMC) announced today that it will again hold its Fed Funds rate at the 0—0.25 percent range. This is the rate at which banks loan money to one another, and impacts rates for adjustable rate mortgages and home equity lines of credit