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The Return of the First-Time Homebuyer

Each spring, millions of migrating birds return to their summer homes and signal the onset of spring.However, this year, many home builders and realtors are chirping about the return of a highly coveted species rarely seen in the U.S. for the past seven years—the first-time homebuyer.Indeed, the U.S. real estate» read more…

Home Remodeling Catches Fire

As the US housing market continues to recover from the 2008-2010 recession, a clear sign of improvement can be found in the record number of homeowners around the country who are investing in remodeling projects.The National Association of Home Builders reported that the Remodeling Market Index posted an all-time high» read more…

New FHA rule on mortgage insurance will spur refinancing

Seeking to build momentum heading into his State of the Union address, President Obama announced yesterday that FHA will reduce the annual mortgage insurance premiums (MIP) that new borrowers pay on FHA loans by half a percent.Designed to bolster the nation’s housing market, the new FHA rule is intended to» read more…

OPEC and Your House Payments

American consumers have been benefitting from low gas prices, and those bargains at the pump have been accompanied by historically low mortgage rates.When the economy is growing - as it is now at a healthy 4% - oil prices typically rise with demand. But the low oil and gas prices» read more…

Hot Refinancing Trend: The Term Reduction Refinance

Since the Federal Reserve began aggressively cutting interest rates in 2007, millions of homeowners have refinanced their mortgages with the sole purpose of reducing their monthly payment. This cost-cutting refinance strategy certainly makes sense for those homeowners who need immediate relief from their high mortgage payment or who may be» read more…

How to Beat Those Holiday Bills

Each year, beginning as early as September, American consumers embark on their annual holiday shopping sprees, cramming a year’s worth of spending into just a few months. According to the National Retail Federation (NRF), the U.S. retail industry generated over $3.2 trillion dollars in holiday sales in 2013 and due» read more…