The Federal Open Market Committee of the Federal Reserve decided not to reduce the Fed’s current quantitative easing program of purchasing $85 billion monthly in Treasury securities and mortgage-backed securities.
Home Builder Confidence Has Far Outpaced Actual Home Construction
Home builder confidence was unchanged for September according to the National Association of Home Builders/Wells Fargo Housing Market Index HMI released Tuesday. After four months of rising confidence, September’s HMI reading came in at 58, which was not far from expectations of a reading of 59.
Don’t Overlook These Important Factors When Buying A New Home
Most of the time when buying a property, there are a few obvious factors that you will consider â such as the location, the number of bedrooms, the accessibility to schools or your workplace, the need for repairs and any interior features. However, there are a few things that might not have crossed your mind during your house hunting but are still quite important.
What’s Ahead For Mortgage Rates This Week – September 16, 2013
Last week didn’t feature any housing-related news other than Freddie Mac’s weekly survey of mortgage interest rates. Reports on consumer credit, job openings and weekly jobless claims suggest that without some relief in the jobs market, Americans may be taking a “wait-and-see” stance toward buying homes.
What You Need To Know About Mortgage Insurance
If you are on the verge of buying real estate, you’ve probably heard the term Private Mortgage Insurance. Mortgage professionals talk about it a great deal, but you may be asking, “What is it exactly? And why should I care?”
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