Last week's economic reports included Consumer Price Index and Core index for September, the minutes of the FOMC meeting held September 15 and 17, and weekly reports on mortgage rates and new jobless claims. The details: FOMC Minutes Hint at Looming Rate Hike as Inflation Lags Minutes of the Federal Open Market Committee meeting held in September suggest that while Fed policy makers have reservations about low inflation and labor markets, they may go ahead and raise the target federal funds rate from its current range of 0.00 to 0.25 percent. When the fed does raise rates, consumers can expect … [Read More...]
Whether you're planning on selling your home soon or you want to do a few minor renovations for your own enjoyment, an ailing hardwood floor may be on your list of things to tackle. While this can be a more difficult renovation to complete than many other household items, here are five reasons you may want to move it to the top of the list. An Issue with Structure If there happens to be any glaring structural issues with your hardwood, a complete do-over will be a necessity if you want to sell your house in the future. While this will likely involve fixing the sub-floor under your hardwood, … [Read More...]
If you're in the market for a new home, you're probably trying to budget for all of the expenses that come with a home purchase. After all, the asking price isn't necessarily the entire amount that you'll pay - there are other expenses that will factor in to the final price. One such expense is your closing costs.
Closing costs are the miscellaneous fees you'll pay when you sign the deal to buy your home. But how much do you need to save up for closing costs? Here's what you need to know.
The General Guideline for What to Expect
Most mortgage advisors will tell you that you should expect to … [Read More...]
The real estate market is in a state of constant flux, and if your home has been for sale a little while you may feel vulnerable if you've recently rejected an offer. If you're starting to change your tune on what you want and you're wondering how you can re-make a deal, here are a few pointers for how to approach a new negotiation.
Did You Do a Follow-Up Call?
One of the rules for selling your home is to follow-up with all potential buyers as a matter of courtesy, whether you've accepted their offer on your home or not. If you've done this with a potential buyer you want to re-negotiate … [Read More...]
Last week's economic reports included the Federal Open Market Committee Meeting Minutes and Weekly Jobless Claims. Also, the new mortgage TRID rules went into effect. Here are the details: TRID (TILA-RESPA Integrated Disclosure) Goes Into Effect TRID, or TILA-RESPA Integrated Disclosure, which is also known as the "Know Before You Owe" rule will change the mortgage process by altering some standard loan forms and practices. Originally slated to go into effect August 1, the Consumer Financial Protection Bureau (CFPB) actually took effect on October 3. On Wednesday, October 7, 2015, the House of … [Read More...]
With the season of jack-o-lanterns and crunchy leaves under foot, there can't help but be plenty of ways to integrate the loveliness of autumn into your home decorations. Whether you're looking for a simple touch or a statement that will completely define a room, here are a few ideas for highlighting the best the fall has to offer. Showcase a Seasonal Bouquet A vase full of flowers can add a lot to any room in the house, but a great way to integrate the season outside with your home is to make a bouquet that will utilize the best of fall's vegetation. Instead of opting for the usual bright … [Read More...]