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What’s Ahead For Mortgage Rates This Week – May 27, 2014

Last week's economic news was dominated by speeches given by Federal Reserve presidents, the minutes from April's FOMC meeting and commencement address given by Fed Chair Janet Yellen. The latest readings for new and existing home sales were also released. Federal Reserve Speeches Suggest Concerns Over Monetary Policy Dependence, Low Inflation Here are highlights of comments made by each of the Fed presidents' speeches. Richard Fisher, president of the Dallas Fed, and John Williams, President of the San Francisco Fed, spoke at a conference held at the Bush Institute. Mr. Fisher said that 98 percent of jobs lost during the…
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Did You Know? How Paint Color Choices Can Drastically Affect The ‘Mood’ Of Your Home

Whether you're sprucing up your house to sell or simply looking for a color to bring out the beauty of your home, it's imperative that you do your homework. Before you head off to your local DIY store with a paint sample in one hand and a wallet in the other, you need to ensure that you're picking the colors that are right for your home and your personality. It is true that you can never go wrong with a neutral, but you can also go so much more right with the correct color in the appropriate space, whether it's…
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Three Mobile Apps That Make Home Automation Tasks Quick And Easy

These days, efficiency and productivity are the keys to life, which is why it's no surprise that home automation is a bigger topic than ever before. As more and more people become tech savvy and get used to working with handheld devices, home automation becomes a natural fit for your smartphone or other handheld device. After all, it's a true pleasure to be able to control nearly everything in your home from just one device! You have so many things to do each and every day that it would be too much of a hassle to do everything separately and…
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Here’s How You Can Leverage Your Home To Reduce Your Tax Burden For Next Year

Each year around April, we can find ourselves becoming a little more tense at the thought of what is about to occur: tax time. Instead of falling into the trap of procrastinating your taxes, however, it's much more beneficial to face tax time head-on and do your research on your applicable deductions well in advance. Your home is good for many things, but using your home to reduce your tax burden may be one benefit you haven't thought of. Here are some tax benefits that can be leveraged with your home, and some ways to lower your tax bill in…
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Getting Past No: What To Do If You’re Turned Down For A Mortgage Or Other Home Financing

Getting pre-approved for a mortgage loan is an integral part of having the ability to purchase a home in today's society. With most home prices well above what the majority of us have in the bank, getting approved for a mortgage can be the deal maker or breaker when it comes to purchasing a piece of property. Therefore, getting rejected for a mortgage can feel like a huge loss. The first thing to realize, however, is that there are action steps you can take to get to "yes." Here's what to do if you're turned down for a mortgage or…
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What’s Ahead For Mortgage Rates This Week – May 19, 2014

Last week's economic news was relatively flat, but highlights include the NAHB Housing Market Index for May, which posted its lowest reading since May 2013. Although analysts expected a May reading of 48, the May 2014 index reading was 45 as compared to April's reading of 46. The NAHB reported that rising home prices and unpredictable job markets were factors in builders' loss of confidence. Although the economy is growing stronger, many would-be homebuyers remain skeptical of economic conditions and remain on the sidelines. NAHB: Stronger Builder Confidence Expected in Coming Months Builder confidence in market conditions for single family…
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