09 Dec 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 9th, 2019

Financial Reports, ,
Last week’s economic reports included readings on construction spending and multiple labor sector reports including private and public sector jobs and the national unemployment rate. Weekly reports on average mortgage rates and first-time jobless claims were also released. Construction Spending Falls 0.80 Percent in October Commerce Department reports on construction spending said that spending fell by 0.80 percent to a seasonally-adjusted annual rate of $1.29 million. Analysts expected construction spending to increase by 0.40 percent based on September’s original reading of 0.50 percent growth, which was later revised to -0.30 percent. Less construction of multifamily homes and apartments caused a…
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06 Dec 2019
By Aadil Nathoo

5 Essential Tips For Painting A House

Real Estate, ,
When someone makes the decision to purchase a home, they often want to add their own personal touch, style, and flair to the home. One of the ways to do this is to paint the home. Of course, painting a home is a significant investment in terms of both time and money. It is important for everyone to keep a few tips in mind to make sure this process goes smoothly. Pressure Wash The Walls Ahead Of Time The first step is to make sure the walls are pressure washed first. Anything that is present on the walls when the…
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05 Dec 2019
By Aadil Nathoo

Should You Get A Second Mortgage To Pay For College?

Mortgage, ,
College is expensive and everyone needs to think about how they are going to cover the costs. Some of the costs include tuition, room and board, meals, books, and spending money. In order to pay for college, some people consider taking out a second mortgage instead of taking out a student loan. How can someone know if taking out a second mortgage is the answer for them? There are several factors to consider. The Interest Rate One of the factors that people need to consider is the interest rate on the second mortgage. The higher the interest rate, the more…
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04 Dec 2019
By Aadil Nathoo

Case Shiller, FHFA Report Uptick In Home Price Growth In September

Real Estate Trends, ,
Case-Shiller’s National Home Price Index showed 3.20 percent national home price growth in September, which was 0.10 percent higher than August’s reading of 3.10 percent. The 20-City Home Price Index showed the continued impact of exorbitant home prices on both coasts as home price growth slowed in high-cost areas and smaller markets experienced upward pressure on home prices as home buyers were seeking affordable homes. Phoenix, Arizona led the 20-City Home Price Index with 6.00 percent year-over-year growth in September. Charlotte, North Caroline had 4.60 percent growth in home prices and Tampa, Florida rounded out the three cities with highest…
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03 Dec 2019
By Aadil Nathoo

How Are Mortgage Rates Determined?

Mortgage, ,
When someone is interested in buying a home, there are a number of factors that people need to consider. Some of these include the budget, the size of the home, and the mortgage interest rates.  The mortgage rate is going to play a tremendous role in whether or not someone is going to be able to afford their dream home. For this reason, it is critical for everyone to know how a mortgage rate is determined. There are a number of factors in someone's financial history that are going to impact the mortgage rate the lender offers. The Credit Score…
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