December 2013

Found 16 blog entries for December 2013.

interest__max5128_450Mortgage rates in the U.S. saw a tiny increase this week, but most popular loans remain under 4.5 percent as 2013 comes to a close.

The average rate on a 30-year fixed mortgage inched upward to 4.48 percent, according to the latest survey from mortgage buyer Freddie Mac. Last week, the 30-year fixed average was at 4.47 percent. However, at this time last year, the average was at 3.35 percent – an increase of 1.13 percent year-over-year.

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bank__olegdoroshin_450Mortgage rules under The Dodd Frank Wall Street Reform and Consumer Protection Act will change on January 10, 2014, affecting both homeowners who want to refinance, and first-time homebuyers who need a mortgage.

If you're wondering which rule change will have the biggest impact on mortgage seekers, the answer is the rule regarding allowable debt-to-income (DTI) ratio. The DTI is your monthly debt repayments (including your prospective mortgage, and any other loan or alimony payments you must make) divided by your gross monthly income (your income before taxes).

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holiday-phildkeen_450zillow.com - Whether you plan to wrap string lights around the house, hang illuminated icicles from the eaves, or install glowing blow-up figures in the front yard, it doesn’t take much to whip up some amazing holiday curb appeal at your entryway. Here are 10 easy tips:  1.  Use scents, 2.  Winter Props, 3.  Holiday Doormat, 4.  Light Lanterns, 5.  Hang a festive wreath, 6.  Put your tree outside, 7.  Drape Garlands, 8.  Display wrapped presents, 9.  Add Vibrant traditional color, 10.  Border with a single strand of lights.

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bank__olegdoroshin_450zillow.com - Shopping for the best mortgage involves more than just checking interest rates and loan terms. Many borrowers are surprised by the many additional costs involved in closing the loan.

Almost all closing costs relate to fees that the mortgage lender is charged by a third-party company and then passes on to the borrower. Some of the fees are additional costs the lender levies. Because these fees are all settled at the closing table, they are commonly referred to as closing costs.

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houseinhand_voronin_450According to the newly released Zillow Market Health Index, the nation’s healthiest housing markets in October were clustered in California and the rest of the West.

Zillow’s Market Health Index, calculated on a scale from 0 to 10, is a new measure designed to illustrate the current health of a region’s housing market relative to similar markets nationwide. Because no one number can accurately convey every dynamic in a given area, the Market Health Index incorporates 10 separate measures of housing market health. Calculated monthly at the ZIP code, neighborhood, city, county, metro and state levels, it is a key component of Zillow’s newly redesigned local information pages, aimed at offering users more data, more easily.

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interest__max5128_450money.cnn.com - Mortgage rates jumped this week on stronger-than-expected economic reports, according to Freddie Mac's weekly survey.

The 30-year, fixed-rate loan, the most popular product for homebuyers, rose to 4.46% from 4.29% last week. The average rate on a 15-year, fixed-rate mortgage, typically used for refinancing higher interest mortgages, also jumped 0.17 percentage point to 3.47%.

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menhouse_sellingpix_450money.cnn.com - The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that's good news. "For a sustainable recovery you want to see more balance between buyers and sellers," says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.

Inventory is already improving. Nationwide, the number of homes for sale in September rose 1.8% vs. a year earlier, according to the National Association of Realtors. That's the first increase since late 2011. In Los Angeles, Atlanta, and Orlando, inventory was 10% or higher than a year earlier. To read more of this article, click the link…
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bank__olegdoroshin_450money.cnn.com - The foreclosure crisis is showing signs that it's finally fading away.

The number of new foreclosure filings -- which includes default notices, auctions and bank repossessions -- dropped 15% to a total of 113,454 properties in November, according to RealtyTrac, an online marketer of foreclosed properties.

That was the biggest monthly decline since November 2010, and foreclosure filings are now at the lowest level since December 2006. From a year ago, filings are down 37%.

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holiday-phildkeen_450zillow.com - ‘Tis the season for Santas, Christmas trees and halls decked with holly — at least until your holiday festivities are over. Before you know it, you’ll be packing up your themed decor and wondering how to warm up your home for the rest of winter.

According to Marc Thee, a Zillow Digs Board of Designers member and design principal at Marc-Michaels Interior Design, it’s possible to decorate your home for the season, not just the three-week period between Thanksgiving and Christmas. The key, he says, is to stay away from store-bought commercial decor and take a more organic approach. Here are a few of his budget-friendly tips.

1.  Use more white, less red  2.  Bring in warm metallics  3.  Incorporate fresh greenery  4.  Embrace Faux Fur &

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interest__max5128_450zillow.com - Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.26 percent, up slightly from 4.25 percent at this same time last week.

The 30-year fixed mortgage rate spiked to 4.33 percent on Wednesday and hovered between 4.32 and 4.34 percent for the majority of the week before dropping to the current rate this morning.

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