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7 Simple Steps To Finish Your Basement

Get in the spirit of the coming weekend and put the labor of love into your home by creating a cozy hideaway that your family can retreat to once the outdoors become too chilly. One of the best places to create this snug space is to mimic hibernating animals and go under ground — to …

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What’s Ahead For Mortgage Rates This Week – 9.9.13

Last week was relatively calm due to the Labor Day Holiday on Monday providing little mortgage and housing related news. However, there were several positive indicators for overall economic conditions. Construction spending rose by 0.60 percent in July and surpassed economists’ expectations of 0.30 percent and June’s zero percent growth. While this may seem a …

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Case Shiller Price Index Shows Home Prices Are Still Increasing

Home prices are still rising, but at a 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. This is the highest rate of monthly growth for home …

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Pending Home Sales Indicates That The Housing Recovery Is Progressing

The National Association of REALTORS reported Wednesday that pending sales of existing homes fell by 1.30 percent in July. According to the organization’s Pending Home Sales Index, this was the second straight month that pending home sales dropped. July’s Pending Home Sales Index reading was 109.50. Signed Purchase Contracts For Existing Homes Tracked In The …

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Existing Home Sales Report Shows Highest New Home Inventory 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 reading of 5.06 million homes sold. This suggests good news for home buyers who’ve been constrained by limited supplies …

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7 Tips On Getting A New Mortgage After Bankruptcy

You have found your dream home and you are eager to get a mortgage, move into the property and start enjoying life there. However, there is only one problem standing in your way – the fact that you have been through some hard financial times in the past. If you (or your partner) have been …

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Preventing And Clearing Clogs In Your Home

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 annoyance. Clogs not only frustrate a homeowner but they …

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Fed Meeting Minutes Reflect Support For Reducing QE Program

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 long-term interest rates including mortgage rates. The Fed has been buying $85 billion per month in Treasury securities …

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Follow These Steps When Using Gift Funds For Your Down Payment

As lenders tighten mortgage guidelines for home buyers, minimum downpayment requirements are increasing. Several years ago, you could finance a home with nothing down. Today, most conventional mortgages require at least 5 – 10 percent. Incidentally, these guideline changes have led to an increase in the number of home buyers accepting cash gifts from family. …

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Home Builder Confidence Highest Level In Nearly 8 Years

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. These conditions are being driven by short supplies of homes for sale in many …

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