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What’s Ahead For Mortgage Rates This Week: April 1st, 2013

Mortgage Rates , ,
European Market Jitters Continue To Affect The US Economy Mortgage rates fell last week as investor concerns over the European economy grew. Fears of growing differences between wealthier European nations and European nations needing economic aid brought higher bond prices and lower mortgage rates. Positive news for Cyprus came when an agreement for an EU bailout was reached, but strict terms indicate that Germany and other nations are growing less enthusiastic about bailing out the banks of EU nations with shaky economies. Meanwhile, the Italian government has not been able to agree on a coalition government, which reduces the chances…
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3 Common First Time Home Buyer Mistakes Can Cost Thousands

Real Estate Tips
Buying real estate for the first time is a very exciting step in life. It is likely to be one of the biggest financial commitments that you make, so it's very important to navigate the purchasing process wisely. Many first-time home buyers make rookie mistakes that bring on negative consequences and a lot of frustration. Outlined below are common errors home buyers make, so you can learn from their missteps and avoid them yourself. 1. Buying More Than What You Can Truly Afford Just because the bank says that you qualify a certain amount for a mortgage doesn't mean that…
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3 Common First Time Home Buyer Mistakes Can Cost Thousands

Real Estate Tips , ,
Buying real estate for the first time is a very exciting step in life. It is likely to be one of the biggest financial commitments that you make, so it's very important to navigate the purchasing process wisely. Many first-time home buyers make rookie mistakes that bring on negative consequences and a lot of frustration. Outlined below are common errors home buyers make, so you can learn from their missteps and avoid them yourself. 1. Buying More Than What You Can Truly Afford Just because the bank says that you qualify a certain amount for a mortgage doesn't mean that…
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7 Quick And Inexpensive Ways You Can Improve Your Home’s Curb Appeal

Real Estate Tips
Have you ever heard the saying, "You never get a second chance for a first impression?" If you have a Ardmore home for sale, it is important to appreciate the significance a first impression has on your potential buyer. When buyers drive up to your property and take their first look at your home, they will instantly be forming ideas about your house and how it might fit for their family. When you are trying to entice a buyer to make an offer on your house, you must consider the curb appeal - how your house looks from the outside,…
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7 Quick And Inexpensive Ways You Can Improve Your Home’s Curb Appeal

Real Estate Tips , ,
Have you ever heard the saying, "You never get a second chance for a first impression?" If you have a home for sale, it is important to appreciate the significance a first impression has on your potential buyer. When buyers drive up to your property and take their first look at your home, they will instantly be forming ideas about your house and how it might fit for their family. When you are trying to entice a buyer to make an offer on your house, you must consider the curb appeal - how your house looks from the outside, or…
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Rising Sales Prices Are Excellent News For Homeowners Across America

Housing Analysis , ,
The National Association of REALTORS® released its monthly Existing Home Sales report on March 21 and gave investors and home sellers something to cheer about.  While February sales of existing homes didn't meet investor forecasts of 5.00 million homes sold on a seasonally adjusted annual basis, the actual number of existing (previously owned) homes came close at 4.98 million homes sold. This number surpassed January's revised reading of 4.94 million homes sold by 0.8 percent. Sales of existing homes comprise approximately 85 to 90 percent of homes sold in the U.S. Investors watch existing home sales for evaluating housing markets…
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What’s Ahead For Mortgage Rates This Week – March 25th, 2013

Mortgage Rates , ,
Last week's economic news was dominated by events in Cyprus and the Federal Open Market Committee (FOMC) meeting on Wednesday. Mortgage rates fell last Monday as investors became concerned over news that a Cyprus bank bailout was in the works. Federal Reserve Holding Course With Mortgage Backed Security Purchases The FOMC met on Wednesday and in a press release after the meeting, noted that no immediate changes to the present economic easing program would be made. The Fed officers will continue to monitor the nation's economy, and are eventually expected to implement a gradual reduction of their monthly bond and…
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How To Spot And Treat Mold In Your Home

Around The Home , ,
The first sign of mold you notice may be a musty smell in your home. After looking around, you spot what looks like mold -- don't panic! You can remove unhealthy mold from your house without it costing a small fortune. Check To Be Sure It's Really Mold Mold can look many different ways, which depends on the type. Some are grayish-white or black and can look like a dirty smudge. If you're in doubt that a spot is mold, you can do a test with chlorine bleach. Simply put a drop on the spot. If the color immediately fades…
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Fed Meeting Statement Reveals Good News For Real Estate

Federal Reserve , , ,
The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC meeting. The Fed's monthly purchase of $85 billion in bonds and MBS works by boosting bond prices, which typically helps with keeping mortgage rates lower. The Fed reaffirmed its position that it will not withdraw or reduce monetary easing until the unemployment rate is substantially lower. Unemployment Rate Improving Nationally Fed predictions for the national…
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NAHB Housing Market Index Shows Builder Confidence Slip In March

Housing Analysis , ,
The National Association of Home Builders (NAHB) released its NAHB/Wells Fargo Housing Market Index for March on Monday. The HMI measures builder confidence in the market for newly constructed single family homes. A reading of 50 for the NAHB Housing Market Index (HMI) indicates that more builders are confident of housing market conditions for new single family homes than those who are not confident. Home builder confidence fell for the third consecutive month with a two-point drop to a reading of 44 in March. Several Factors Create New Home Bottleneck An NAHB leader noted that several situations are causing a…
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