27 Months Of Consecutive Job Growth Helping Home Prices Rise The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street’s expectations by 5,000 net new jobs, showing 155,000 positions created in December. The December tally raised the economy’s 12-month total to 1.84 million net new jobs created nationwide. Jobs added in …
What’s Ahead For Mortgage Rates This Week : December 31, 2012
Mortgage Rates Mortgage bonds improved last week, pushing mortgage rates lower in Arkansas, Missouri and nationwide. Positive economic news and strong housing data was trumped by ongoing Fiscal Cliff discussions on Capitol Hill. The “Fiscal Cliff” is meant to represent January 1, 2013 — the date on which mandatory spending cuts are enacted by Congress …
5 Reasons Why Housing Will Be Stronger in 2013
The housing market is finally making a comeback. After a long crisis that got worse with the recession, the market looks to be growing to the point that it’s helping out the nation’s economy. For one, people are starting to venture out in search for homes again. Since the economy is picking up again, there …
Refinancing Costs Predicted to Go Up in 2013
The future looks bleak for FHA-insured loans. A mode of federal assistance wherein low-income American earners are allowed to borrow money (usually as down payment) to purchase homes for themselves. If FHA maintains having low interest rates, loans will then have to be refinanced from its portfolio. As a result, it has a $13.5 billion …
Dear First-time Homebuyers
Along with the New Year come the new trends. The same goes for those occurring in the housing industry. Here are seven bits of advice and news that can help first-time home buyers navigate the mortgage industry in 2013. Save money now. Lenders will be paying more attention to the sum of money in your …
