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This Holiday Season, Think Twice Before Saving 15 Percent At The Register - 11/09/11 01:24 PM
This Holiday Season, Think Twice Before Saving 15 Percent At The Register With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong.
That’s why it’s barely November and, already, Black Friday ads clog our mailboxes and the airwaves. Retailers want our dollars and they’re offering great deals to early shoppers.
There’s one discount a smart shopper should think twice, however — the ever-present ”Open A Charge Card Today And Save 15%” promotion. In the short-term, deals like this will … (3 comments)
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Tips For Maximizing Your Home’s Appraised Value - 11/09/11 01:17 PM
Tips For Maximizing Your Home’s Appraised Value
A home appraisal is an independent opinion of your home’s value, performed by a licensed home appraiser. Appraisals are part of the traditional home purchase process, and lenders require them for most refinances, too.
Appraisers are trained professionals. First, they derive a base for your home’s value based on the recent sales prices of homes that are comparable to yours in terms of bedrooms, bathrooms, style, and square footage.
Then, accounting for features and amenities that make your home different, the appraiser applies “adjustments” to that base value.
This methodology is called the “Sales Comparison” … (1 comments)
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What’s Ahead For Mortgage Rates This Week : November 7, 2011 - 11/07/11 04:54 PM
What’s Ahead For Mortgage Rates This Week : November 7, 2011
Mortgage markets improved last week as optimism for a Greek Bailout program faded, triggering a global flight-to-quality assets. Fear of a Eurozone rift outweighed positive economic remarks from the Federal Open Market Committee and an in-line U.S. jobs report.
Although the Federal Reserve said the economy had “strengthened somewhat“, a statement backed up by Friday’s Non-Farm Payrolls data which — with revisions — met analyst expectations, concern that Greece may not receive its aid caused mortgage to fall.
Conforming mortgage rates dropped throughout South Carolina Monday and Tuesday, pushing rates to … (0 comments)
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The Most Expensive ZIP Codes In The County (2011 Edition) - 11/07/11 04:37 PM
The Most Expensive ZIP Codes In The County (2011 Edition) In the housing market, amenities and location have as much to do with a home’s value as the everyday forces of supply-and-demand. Whereas the latter causes home values to rise and fall over time, the former creates a starting point for said values. Where you live — and the features of your home — determine your home’s price range. Naturally, homes in some areas are consistently higher-valued than homes in others.
Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America’s 10 most expensive ZIP codes. California and … (0 comments)
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A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition) - 11/07/11 04:32 PM
A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition) Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was nearly unanimous, with just one dissenting voter. There were 3 dissenters at each of the FOMC’s last two meetings.
In its press release, the Federal Reserve presented an improved outlook for the U.S. economy, noting that since its last meeting in September, there’s new evidence that the economy “strengthened somewhat” in the third quarter.
One example cited is that consumer and business spending continues … (0 comments)
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More Risk To Home Affordability : Friday’s Jobs Report - 11/07/11 04:28 PM
More Risk To Home Affordability : Friday’s Jobs Report Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release.
Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage. Rate shoppers across South Carolina would do well to pay attention.
Published monthly, the “jobs report” provides sector-by-sector employment data from the month prior. It’s a product of the Bureau of Labor Statistics and includes the national Unemployment Rate.
In September, the economy added 103,000 jobs, and … (1 comments)
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Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting - 11/01/11 11:47 AM
Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall. The FOMC is a 12-person sub-committee within the Federal Reserve. It’s the group responsible for setting the nation’s monetary policy and is led by Federal Reserve Chairman Ben Bernanke.
The FOMC’s most well-known role is as the steward of the Fed Funds Rate. This is the overnight rate at which U.S. banks borrow money from each other. The Fed Funds Rate is a unique, “banking” interest … (0 comments)
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What’s Ahead For Mortgage Rates This Week : October 31, 2011 - 11/01/11 11:44 AM
What’s Ahead For Mortgage Rates This Week : October 31, 2011
Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction. It was a wild ride for rate shoppers.
Early in the week, mortgage rates spiked. Eurozone leaders expressed optimism that a deal for Greece’s solvency would be made, rhetoric to which Wall Street responded selling mortgage bonds.
When markets closed Wednesday, conforming mortgage rates in South Carolina were at their highest levels since September.
However, when markets opened Thursday, rates began to reverse lower. Investors deemed the details … (0 comments)
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Frank Hilliard
Greenville,
SC
More about me…
New Penn Financial, LLC
Address: 124 Verdae Blvd, Suite 203, Greenville, SC, 29607
Office Phone: (864) 329-9424 x 102
Cell Phone: (864) 991-7997
Email Me
Daily updates from the mortgage industry from Preferred Trust's perspective. Keep track of weekly mortgage rate updates and many other issues impacting the mortgage finance world. I hope you enjoy the information contained in this blog!
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