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Mortgage Rates Don't Move With The Fed Funds Rate
Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
read moreBulldozers may be a remedy to the ailing housing market.
There are around 1.6 million homes in the U.S. in foreclosure or close to foreclosure, and the inventory of bank owned homes continues to grow. Market economists fear that a steady stream of home sales from banks may depress prices for years to come. However, there is...
read moreWhat Perks Does Your Favorite Credit Card Offer?
Credit cards of all types do what they can to improve consumer loyalty. Offering free perks is just one way in which they try.
read moreHousing Starts Tick Lower; Building Permits Tick Higher
Single-Family Housing Starts fell to a seasonally-adjusted, annualized 425,000 units in July, according to the Census Bureau.
read more95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages
In the second quarter of 2011, fixed-rate loans accounted for about 95 percent of refinance loans, based on the Freddie Mac Quarterly Product Transition Report. Refinancing borrowers preferred fixed-rate loans, regardless of whether their original loan was an...
read moreIf You're A Landlord, Consider A Landlord Insurance Policy
If you plan to buy a rental property , or to convert your current residence for long-term rental, make sure your home is properly insured. A traditional homeowners insurance policy may be unsuitable for landlords.
read moreForeclosures Sink To 4-Year Low
According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve.
read moreStrong Job Growth In July Trumped By Credit Downgrade
The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors.
read moreA Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)
Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 7-3.
read moreMortgage Rates Drop After U.S. Credit Downgrade
Mortgage rates continue drifting downward, despite — or because of — a ratings downgrade on long-term U.S. government debt.
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