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What’s Ahead For Mortgage Rates This Week – May 31, 2016

Last week's economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims. New Home Sales Surpass Expectations Sales of new homes surpassed expectations and the prior month's reading. April's reading of 619,000 sales exceeded expectations of 523,000 new homes sold and 531,000 new homes sold in March.  New home sales rose by 16.60 percent on a seasonally adjusted annual basis, which was the highest increase in 24 years.  Analysts said that April's new home sales indicate that builders are increasing production of new homes to meet high demand for homes. Short inventories…
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How Offering Buyer Incentives Will Get Your House Sold Faster

Why The Added Incentive? It may seem like keeping your home in good condition and pricing it according to its market value is good enough, but in more difficult market times many people have opted for extras that may boost the appeal of their home. While the wrong incentive strategy can make it look like you have a home that is not worth the asking price, there are classy ways value can be added that can still engage the right buyer. Determine Your Ideal Buyer If you've already decided that your ideal offer is a perfectly fair deal, you'll want…
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4 Tips to Staging Your Home on a Budget

Many people think that staging a home effectively is a matter of money, but there are easy ways to dress it up and make it shine that don't come with a high cost. If you're looking for some economical tips that will go a long way in making a positive impression, here are a few ways to get your home prepared. Pack Away The Personal There are certain unique features in any house that can have a positive impact on potential homebuyers, but personal items will actually make it harder for guests to imagine themselves in your home. For a…
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Did You Know?: 4 Ways That a Real Estate Attorney Can Make Your Home Purchase Easier

It is common for home buyers to take steps to keep their out-of-pocket expenses to a minimum, and many will try to avoid paying for optional services for this reason. While you may not want to pay for all optional services, there are some that can be truly beneficial to you even if they are not required. After learning more about the services provided to you by a real estate attorney, you may be ready to seek out these professional legal services for your upcoming purchase. Explaining the Contract A real estate sales contract can be confusing to understand because…
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4 Neglected Home Maintenance Tasks That Are a Must

There are a number of home maintenance tasks that are easy to forget about in favor of more obvious renovations, but forgetting to do some of them can end up costing you a lot down the road. If you're hoping to keep your home in tip-top shape, here are a few tasks that you shouldn't forget about. Sealing Off Access Points Small rodents and insects can wreak havoc on your home if they gain access, so ensure that you maintain the foundation of your home and seal off any areas where these pests might get inside. Check all the windows…
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Need to Discuss – How to Refinance Your Adjustable-rate Mortgage with Better Terms

An adjustable-rate mortgage was once a great mortgage product, at a time when home buyers wanted to avoid locking in high interest rates. But with historically low interest rates now available to millions of buyers and rates expected to rise in 2017, lots of mortgage holders are trying to find a deal and negotiate better terms before rates go up. One great way to save on mortgage costs is to refinance your adjustable-rate mortgage. So how can you make a mortgage refinance work for you? Here are a few tactics you can use to get better terms through a refinance…
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