Home Prices Are Still On The Rise Home prices are still rising, but the rate is at slower pace according to the S&P Case-Shiller Home Price Indices for June. Home prices for the cities surveyed in the HPI rose by 12.10 percent on an annual basis as compared to May’s reading of 12.20 percent.
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08/28/2013
New Home Inventory At The Highest Level Since January 2012 The National Association of REALTORS reported that existing home sales for July came in at 5.39 million on a seasonally adjusted annual basis. July’s reading exceeded both expectations of 5.21 million existing homes sold and June’s re
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08/27/2013
Monday Morning Mortgage News Last week once again brought mixed economic news, but Leading Indicators released Thursday suggest that the U.S. economy is now growing at a moderate rate. Mortgage rates for fixed rate loans were higher, but the average rate for a 5/1 adjustable rate mortgage was
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08/26/2013
Don't Let Cloged Drains In Your Home Get You Down You’re brushing your teeth and you turn on the faucet. It’s not draining and starts to back up. Here’s the dilemma; do you spit and let it sit or run to the kitchen? One thing is for sure; having a clogged drain can be a major pain. Clog
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08/23/2013
QE Program May Begin To Taper Soon The minutes of last month’s Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed’s current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower l
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08/22/2013
Are You Using Gift Funds For Your Down Payment On You New Home? As lenders tighten mortgage guidelines for Arizona home buyers, minimum down-payment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least
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08/21/2013
Home Builders Have More Confidence The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August. Confidence among builders is likely growing in connection with stronger housing markets and high demand for homes.
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08/20/2013
Mortgage News For The Week Last week wasn’t kind to stock market investors, but weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed, the lowest level in nearly six years. Here is a recap of the major events of last week and what to expect this week. Monday: The fed
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08/19/2013
How You Can Help Your Kids Adjust To A New School August means it’s time to get your children ready for school once more. New backpacks, new clothes shopping and finding all the right school supplies can be crazy enough. If your children have to start all over in a new school, there’s even more t
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08/16/2013
What Is On Your Mortgage Application That Will Kill Your Deal? A mortgage loan approval is never final until it’s funded. And that means after you’ve signed the final paperwork and the bank has wired funds to escrow. Mortgages are made up of many moving parts, any of which might derail while
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08/15/2013
