What's Ahead For Mortgage Rates This Week : December 31, 2012
Posted by Bill Mann on
Mortgage bonds improved last week, pushing mortgage rates lower in Delaware 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 and on which tax rates increases for many U.S. taxpayers.
Some analysts believe that if these two events are to occur simultaneously, it would derail the current U.S. economic expansion and revert the economy back into recession. That concern has spurred a flight-to-quality which has benefited mortgage bonds and, therefore, U.S. mortgage rates.
For example, last week, Freddie Mac reported the average 30-year fixed rate…
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This one was all over the web even before passage of the federal health care act. It has staying power, and comes in several forms. The one that circulates most often is an email message warning that a 3.8% Medicare surtax that is going to hit “average, middle-class investors” on January 1. Supposedly ALL real estate transactions are subject to the tax “no matter how low their income might be…”
If you enjoy both history and fixing things, then you may have trouble driving by historic homes for sale in Lewes without feeling the urge to buy and fix one up.
The U.S. housing market continues to make home price gains.
“High rental occupancy and rising rents” was how economic trend-watcher Kiplinger.com summed up 2012 – and as the nation counts down to the New Year, owners and future owners of Rehoboth Beach rental property are clearly anticipating more of the same. Experienced managers have some timely advice for first-time Coastal Delaware rental property owners as they prepare to lease in the coming year.
A simple way to save money is to improve your home's energy efficiency rating. For example, Lewes homeowners can save up to 9 percent per year on water heating costs simply by installing a water heater jacket.
Mortgage markets worsened last week amid ongoing discussions budget and tax conversations in Washington, D.C., and the release of key housing and economic data.
When you visit any of the properties for sale in Rehoboth Beach this time of year, it’s likely you will notice a little extra sparkle.
One of the effects of the steady national rise in home prices is a shift in attitude by previously cautious consumers. It’s only natural to find more people focused on buying homes in Rehoboth Beach while it is still relatively inexpensive to do so.