Purchase applications from January show home affordability declining, even as interest rates fell steadily throughout the month, according to the Mortgage Bankers Association. After two consecutive monthly drops, the median payment amount applied for on new purchase applications increased to $1,964 in January, rising 2.3% from $1,920 in December, the MBA reported. The median shot … [Read more…]
Both Wednesday and Thursday saw bonds hold their ground and make modest intraday improvements. Both days contributed to the possibility that Tuesday’s highs had served as some sort of buying cue for bond traders who had possibly seen enough selling. The result would be a new sideways range from 3.84 to 3.99 with the next breakout to be informed by data. With yields only up to 3.97% in early trading, there’s still a chance that such a range will hold, but this morning’ PCE data is making things interesting. Fed Funds Futures clearly thought it was something other than irrelevant, even if not on par with previous shocks from NFP and CPI earlier in the month. PCE inflation data hasn’t been worth much market movement recently–mostly because CPI comes out 1.5-2 weeks earlier and tends to bring the same message that PCE brings, even if the outright levels are a bit different. This time, however, PCE is telling a more inflationary tale, which could be why it has been worth a bigger-than-normal reaction today.
To combat higher mortgage rates, homebuilders have been cutting prices and buying down rates but they still have a lot of work to do.
Today’s Mortgage Rates for Oct. 24, 2022: Rates Move Higher CNET
In an effort to make mortgage costs a little more bearable, the U.S. Department of Veterans Affairs (VA) is lowering the VA funding fee. This applies to VA loans used for a home purchase or new construction, and even cash out refinances, which likely arenât being utilized at the moment with interest rates as high… Read More »VA Funding Fee Being Reduced for Home Purchases and Cash Out Refis
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Overall national mortgage delinquency improved across the board in January while foreclosure starts rose, according to Black Knight.
It happened fast. We barely talked about it, but all of a sudden, about a week after we got engaged — and before we were really ready — my fiancé and I had combined our finances.
I can pinpoint the impetus: Southwest Airlines was offering a promotion where if you got both the Plus and the Premier credit card and spent x dollars on one, y dollars on the other, you got a Companion Pass through the end of 2015. âWe fly Southwest a lot anyway,â we reasoned. âAnd we’ll hit the minimums soon since this wedding we’re planning isn’t going to be cheap. We might as well get one of us a $5 ticket every time we fly somewhere together.â
So we applied for credit cards in both our names and started spending money on wedding-related things. The photographer wanted a deposit, but would she take payment in full seven months before the event? Of course she would! So too would the portable bathroom people and the half dozen other vendors required to turn a party into a wedding. Just like that, we’d hit those spending goals.
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The naive believes everything, but the sensible man considers his steps. Proverbs 14:15 When you are getting financial advice from someone, its always best to confirm what they are saying, make yourself knowledgeable and make a plan of attack. Consider the actions that you’re taking, and you’ll be much better off. The naive believes everything, […]
The post Personal Finance Bible Verse of the Day: Consider your steps appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Hello! This webinar has already taken place. If you’re looking for other free resources, I recommend reading: 10+ Of The Best Free Blogging Resources Enjoy!
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An Introduction from MMM: I was late to the party in learning about aquaponics, but it made a big impression on me when I toured a massively creative food facility two years ago. Â The slightly wild entrepreneurial founder had converted some cheap, remote industrial buildings in Loveland, Colorado into a spectacularly productive indoor farm. […]