Good Economic NewsGood economic news from Bankrate Two key economic indicators signaled to investors this week that the economy might be coming out of the woods. Retail sales figures released Tuesday showed that consumers spent more in stores in February, as sales rose 1.1 percent compared to January. It may seem like a small change, but that’s [...]
HARP 2.0 refinance: What you need to knowAnother great article I found to share from Bank rate! HARP 2.0 refinance: What you need to know By Polyana da Costa • Bankrate.com Highlights HARP 2.0 allows refis on mortgages, no matter how far underwater they are. Among the requirements: You must have a good recent payment history. Having a second mortgage shouldn’t be [...]
Mortgages Rates for March 15, 2012Mortgages Rates for March 15, 2012 4.15% (30-year fixed) 0.4 (average points) Mortgage rates rose this week as the economy improves and fuels investor confidence. The 30-year fixed-rate mortgage rose 4 basis points to 4.15 percent. A basis point is one-hundredth of 1 percentage point. The 15-year fixed-rate rose 4 basis point to 3.38 percent. [...]
Tax Time Tip: Deducting private mortgage insuranceTax Time Tip: Deducting Private Mortgage Insurance: I found this well-written by Kay Bell for Bankrate.com’s annual Tax Guide Homeowners are well aware of the many home-related tax breaks they can claim each filing season. But there also are a lot of added costs that come with purchasing a home. For buyers unable to make [...]