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See if 50 Year Mortgages Are a Good Financing Option

When most people are taking out a mortgage on a property, they select either a 15 or 30 year mortgage loan. However, there is a new mortgage option that has been available to home owners since 2006 and that is the 50 year mortgage loan. Although a half-century might seem like a very long loan …

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Why You Should Shred Your Financial Documents

How do you know what happens to your documents when you put a piece of paper in the trash? It can be difficult to know who is seeing it and what they are doing with it. It isn’t very common to burn trash anymore; therefore you can be sure that your paper garbage or recycling …

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Recent Government Activity And Its Effect On Mortgage Interest Rates

Mortgage rates typically are tied more to the yields on the 10-year Treasury note more than any other indicator. With the government in flux as the shutdown happened and ended, mortgage rates are also changing. Overall, mortgage rates have decreased because of a lack of confidence in the government’s ability to get its finances under …

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Hope Of A Stronger Economy With New Measures – Fed Minutes

The Federal Reserve’s Federal Open Market Committee released its customary after-meeting statement on Wednesday. In the context of meeting its dual mandate of stabilizing pricing and achieving maximum employment. The FOMC statement indicated that although the economy has improved in areas including household spending and labor market conditions, the national unemployment rate remains high and …

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Beware Of Zombie Titles

With the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up and people are moving on, a new term is coming to light — zombie titles. The Zombie Title This is when a home has …

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What You Should Know About Pending Home Sales This Month

Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent. The National Association of REALTORS®, which released the report, expects lower home …

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What’s Ahead For Mortgage Rates This Week – 11.04.13

Last week’s economic news came from a variety of sources. Most significant was the Fed’s Federal Open Market Committee statement after its meeting ended Wednesday. The statement indicated that the Fed saw moderate economic growth. FOMC did not taper its purchase of MBS and Treasury securities. The FOMC statement announced the committee’s intention to closely …

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3 Easy Tips To Protect Your Deck This Winter

Barbecue season is all but over, and you won’t be spending as much time out on the deck. Don’t let it get you down, though. Spring will be here before you know it. There are a lot of things that can wear down and damage your deck, so protect your deck and make sure it …

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Why Your Should Consider Refinancing Your Mortgage

Refinancing a mortgage is a golden opportunity to lock in today’s low interest rate for the next 15 or 30 years. While interest rates now are still low, there’s a good chance they will be heading up in the coming months. The Fed won’t maintain the current bond purchasing level forever, and just as rates …

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The Government Shutdown And Its Effect On Existing Home Sales

Existing home sales for September fell by 1.90 percent from August’s revised reading of 5.39 million sales to 5.29 million sales. Economists had expected 5.30 million sales for September, so a slow-down in existing home sales had been anticipated. The National Association of REALTORS cited higher home prices and mortgage rates as factors contributing to …

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