Five Tips To Protect Your Home From Burglars When You Are Away

mortgageratesfrank

Any family would feel violated after coming home to a ransacked house. Burglars look for specific
http://franksommese.com/five-tips-to-protect-your-home-from-burglars-when-you-are-away/

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U.S. Home Prices Rise In May By Most In 7 Years

CBS Baltimore

WASHINGTON (AP) — U.S. home prices jumped 12.2 percent in May from a year ago, the most in seven years. The increase suggests the housing recovery is strengthening.

Real estate data provider CoreLogic said Tuesday that home prices rose from a year ago in 48 states. They fell only in Delaware and Alabama. And all but three of the 100 largest cities reported price gains.

Prices rose 26 percent in Nevada to lead all states. It was followed by California (20.2 percent), Arizona (16.9 percent), Hawaii (16.1 percent) and Oregon (15.5 percent).

CoreLogic also says prices rose 2.6 percent in May from April, the fifteenth straight month-over-month increase.

Steady hiring and low mortgage rates have encouraged more Americans to buy homes. Greater demand, a limited number of homes for sale and fewer foreclosures have pushed prices higher. Prices are still 20 percent below the peak reached in April 2006, according…

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Rising rates creating increasing dilemma for homeowners

Financial Post | Business

The interest rate dilemma has arrived again for homeowners.

What once was a no-brainer decision, locking in your mortgage rate for five years or even 10 years, now has a question mark attached to it.

[np_storybar title=”Canadians are paying off mortgages quickly — so is Ottawa’s crackdown really necessary?” link=”http://business.financialpost.com/2013/05/22/canadians-paying-off-mortgages-quickly-so-is-ottawas-crackdown-really-necessary/?__lsa=0862-0271″]Canadians end up paying off their mortgages in about two-thirds of the time originally intended, according to a new survey which questions whether Ottawa’s crackdown on the real estate market is needed.
[/np_storybar]

Blame the U.S. federal reserve for easing up on its bond buying program. Bond rates have climbed fast and mortgage rates are just following.

Variable rate mortgages, which track prime and are vulnerable to Bank of Canada decisions, are still being offered at about 2.6% for five years. But instead of competing with a 3% fixed rate five-year close mortgage, the competition is a 3.5% product.

It may…

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3 Things You Should Know About Today’s Home Sellers

www.orangecoasthomeloans.com

With the real estate market now being a sellers’ market for the first time in years, it’s good for buyers to understand today’s home sellers. Here are three tips you should know about today’s sellers.

1. Many homeowners are in a negative equity position.

28 percent of homeowners have a mortgage that’s under water today. Many sellers have been hoping for prices to increase just a little bit. Some have outgrown their current home, are forced into a long commute, or simply want to move to a new town. But because of negative equity, they cannot. With a sellers’ market comes a gleam of hope. They may be grateful for any offer that allows them to get out at last.

2. Sellers are often buyers, too.

Often, sellers feel the same stress or excitement buyers feel because they’re in the process of buying, too. Though some will become renters after their sale is done, many…

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What’s Behind July’s Mortgage Rate Drop?

Mortgage Auction

?????????????????????????????????????????????????????????????????????????????????????????????Even though mortgage rates have been steadily climbing over the past few months, the very end of June and beginning of July saw a rate drop—the first one in months. While many prospective homebuyers are obviously pleased about this drop, others may be wondering why these rates fell seemingly out of nowhere.  There are a number of interesting factors that impact the ups and downs of mortgage rates, but one of these, surprisingly, is the Federal Reserve.

QE3 Mortgage Bond Program

 What many people may not know is that the Federal Reserve is the brains behind the QE3 mortgage bond program, a program that aims to relieve some of the pressure that was placed on the economy after the housing market crash in 2008. In a nutshell, the Federal Reserve opted to buy up a significant amount of market debt (to the tune of $40 billion) in order to…

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Closing an unused card could hurt your credit score

Audra McMahon

You have a credit card that you never use. Does it make sense to keep that account open or should you close it?

John Ulzheimer, president of consumer education at smartcredit.com, says if that account you plan to close has a very high credit limit you could actually lower your credit score by doing that.

“Credit scoring models like to see a lot of available unused credit limits on your credit cards. And by closing a credit card, you essentially take that limit out of the measurement equation. It can actually backfire and cause your score to be lower.”

That’s not to say that you should never close a credit card account. Just realize that it could have a negative impact on your credit score.

“And I would not suggest doing it right before you’re applying for something like an auto loan or certainly a mortgage.”

Because that could…

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Identity Theft: Six Steps Every Victim MUST Follow

Great info!

Credit Genesis

Step 1: Get in touch with the Three Major Credit score Bureaus
Contact the scams divisions at each institution. Describe that you are a sufferer of identification robbery and that you would like to be approached individually before any credit is released in your name.

Contact the scams divisions at each institution. Describe that you are a sufferer of identification robbery and that you would like to be approached individually before any credit is released in your name.
Equifax (800) 525-6285<br>
Experian (888) 397-3742<br>
TransUnion (800) 680-7289

Insist that they place the account under investigation for identification robbery if it is to remain on your credit score.

Step 2: Purchase Your Credit score Review.
Order your history of credit to check for accounts that may have been fraudulently opened in your name. As the sufferer of identification robbery, you are entitled to a free copy of your report from each…

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Low mortgage rates may not be here for much longer!

Chris Mesunas

Chris Mesunas,

Low mortgage rates are becoming a rare thing now a days. Back in the day it use to be below 4 percent! This article talks about how that is soon all coming to an end

While you may have become used to seeing mortgage interest rates at or below 4 percent, the age of historically-low rates may be coming to an end.

In fact, the Mortgage Bankers Association (MBA), the national association representing the real estate finance industry, predicts 30-year mortgage rates to rise to 4.4 percent by the end of 2013. 

So, how solid are the MBA's rate predictions? We asked our panel of mortgage experts for their opinion on where mortgage rates are headed, and what it means for homeowners and potential home buyers. Keep reading to see what they had to say… 

Higher-Rate Predictions in 2013 are Tied to the Government

So just why does the…

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Is It Smart to Sell Now?

We agree! It is a great time to sell!

kellysopenhouse

Selling your home is one of the biggest economical decisions you can make.  It can be so monumental that we can get indecisive and put it on the back burner til the optimum time passes.  So if indecision is all that is holding you back, here are some smart reasons to do it now.

1. Demand Is High:   Since the beginning of 2013 the most common theme in our Tuesday Morning Sales Meeting is , we need listings!  We have buyers looking for a certain size, price or style and there are not enough choices.  This is on a national level too. According to an April 2013 news release on Realtor.org ” homes are selling at the fastest pace since November 2009 when the market spiked in response to the home buyer tax credit”.

2. Interest Rates Are Rising: According to Freddie Mac Mortgage Market Survey, interest rates…

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