With the increasing prevalence of internet things and our ever expanding digital lives Cybersecurity should be at the very top of your considerations. Make sure your smart house is smart, and you've not left yourself vulnerable to any online connections. A simple password like "Rover12" can be cracked almost instantly by a hacker/device, If you double it to something like "Rover12=Rover12", it would take more than 2 years to decrypt. An easy upgrade requiring little additional mental gymnastics. You may want to consider creating a second network for your home for your guests, children or devices (Alexa, Sonos, Ring Doorbell etc.) to connect to. These devices can be hacked, but if no financial information is flowing through that network, you're much more secure.
Housing News: the April S&P Case-Shiller 20-City Home Price Index rose 6.6% from April 2017, +0.2% monthly from March to April nationally. David M. Blitzer Managing Director and Chairman of the Index Committee at S&P said, "The favorable economy and moderate mortgage rates both support recent gains in housing. One factor pushing prices up is the continued low supply of homes for sale. The months' supply is currently 4.3 months, up from levels below 4 months earlier in the year, but still low." June Consumer Confidence at 126.4 vs the 127.1 expected and down from 128.8 in May.
Mortgage Rates: for June 29, 2018 Several benchmark mortgage rates were down today. The average rates on 30-year fixed and 15-year fixed mortgages both fell. The average rate on 5/1 adjustable-rate mortgages, meanwhile, also trended down. The average rate you’ll pay for a 30-year fixed mortgage is 4.39 percent, a decrease of 6 basis points from a week ago. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.36 percent. he average rate on a 5/1 ARM is 4.13 percent, ticking down 6 basis points over the last 7 days.These types of loans are best for those who expect to sell or refinance before the first or second adjustment. Rates could be substantially higher when the loan first adjusts, and thereafter.
Comments(0)