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In The Newspapers

Mortgage rates rise

By Crissinda Ponder • Bankrate.com

Interest rates on mortgages rose this week as the market began preparing for a potential federal funds rate hike at the Federal Reserve’s next policy-setting meeting.

Yields on Treasury notes have been higher this week compared with last week. They started increasing after the Federal Open Market Committee meeting concluded last week, when the central bank hinted at a possible December rate hike.

While speaking to the House

Mortgage rates down

By Crissinda Ponder • Bankrate.com

Mortgage rates mostly fell this week in anticipation of the Federal Reserve abstaining again from an increase in the near-zero federal funds rate.

The central bank’s Federal Open Market Committee said Wednesday that the 0% to 0.25% range “remains appropriate.”

“The committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor

Mortgage rates unchanged

By Janna Herron • Bankrate.com

Mortgage rates mostly didn’t budge this week as the lending industry continues to adjust to new disclosure forms implemented less than 3 weeks ago.

“Rates are stable on the lower side,” says Pava Leyrer, chief operating officer of Northern Mortgage Services in Grand Rapids, Michigan. “And I think those lenders who were prepared for these disclosure form changes and explained it to real estate agents and buyers

This fall, do home sellers have the upper hand?

By Crissinda Ponder • Bankrate.com

“Generally, home sales tend to be very robust in spring and summer, then begin to soften somewhat during the autumn and winter months,” says Lawrence Yun, chief economist and senior vice president of research for the National Association of Realtors, or NAR.

The slowdown begins in the fall because school is starting, and families with kids would rather not move during this time, he adds.

Mortgage rates likely

Housing market sails forward

By Mark Hamrick · Bankrate.com

The U.S. economy just can’t seem to get a strong, sustained wind in its sails. Choppy financial waters overseas are a key reason. But the nation’s housing sector has continued to cruise ahead despite the way the performance of the broader U.S. economy has been put at risk by the troubles abroad.

Due in the coming week are a couple of readings on the housing market that

How to calculate renters insurance

By Michele Lerner • Bankrate.com

When you’re a young and busy apartment dweller, finding the time to estimate how much renters insurance you need is likely to be something you’d rather think about in that 25th hour of the day that you don’t have. However, having no renters insurance or not having enough coverage can put your lifestyle at risk.

“Too many renters underestimate the value of the possessions they have built

Mortgage rates dip

By Crissinda Ponder • Bankrate.com

Interest rates on mortgages moved slightly lower this week as worrisome economic data from the United States and China startled markets.

U.S. retail sales inched up only 0.1% from August to September, according to the Census Bureau. Meanwhile, in China, imports dropped 20% year over year last month, Reuters reports.

There were 36,000 foreclosures completed during August 2015, according to a CoreLogic report released Tuesday. Completed foreclosures fell

How to raise rent and keep your tenant

By Marcie Geffner • Bankrate.com

Raising your tenant’s rent is a matter of “finesse and analysis,” says Keith Becker, president of DeDe’s Rentals and Property Management in Santa Rosa, California.

You don’t want a good tenant to move out because then you’ll have to incur the expense to find a new tenant. But you don’t want to leave money on the table, either.

“Your existing tenant is a known quantity,” Becker says. “You

Mortgage rates fall under 4%

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week following the release of a disappointing jobs report. U.S. employers added 142,000 jobs in September, according to the Bureau of Labor Statistics. The rate was much lower than the 200,000 that analysts expected.

On the other hand, yields on government bonds have been gradually increasing after falling last week, as investors decided to take on more risk in the stock market, MarketWatch

Mortgage rates mostly unchanged

By Crissinda Ponder • Bankrate.com

Mortgage rates were unchanged this week as stock market volatility continued and new data revealed that the growth in home prices seems to be sticking around.

Treasury yields have been sinking this week. The yield on the 10-year Treasury note fell from 2.17% the morning of Sept. 25 to about 2.06% Wednesday afternoon. Investors flock to government bonds when global economic concerns intensify, which drives up bond

Mortgage rates drop

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week as global market concerns resurfaced and government bond yields moved lower. Meanwhile, more data shed light on the housing market’s strengthening recovery.

Sales of existing homes fell from a downwardly revised, seasonally adjusted annual rate of 5.58 million in July to 5.31 million in August, which amounts to a 4.8% decrease, according to data released this week from the National Association of

11 must-haves to sell to Millennial homebuyers

By Michael Estrin • Bankrate.com

The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, ahead of even Generation X, which covers those born between 1965 and 1979.

Together, these 2 generations represent today’s young buyers,

11 must-haves to sell to Millennial homebuyers

By Michael Estrin • Bankrate.com

The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, ahead of even Generation X, which covers those born between 1965 and 1979.

Together, these 2 generations represent today’s young buyers,

Mortgage rates up slightly

By Crissinda Ponder • Bankrate.com
Interest rates on mortgages inched higher this week, just a day before the Federal Reserve’s policy-setting committee decides whether the federal funds rate will increase for the first time in nearly a decade.

Is today the day?

The Fed likely won’t announce a rate increase today, says Dick Lee, founder and president of Independent Mortgage in Newton, Massachusetts.

“I do see them increasing (the federal funds rate) by the

Mortgage rates unchanged

By Crissinda Ponder • Bankrate.com

Mortgage rates were virtually unchanged this week ahead of the Federal Reserve’s upcoming policy meeting. The market seems to be waiting patiently to learn whether the central bank will finally raise the near-zero federal funds rate.

Government bonds haven’t been getting as much attention lately, as investors took on more risk. The 10-year Treasury yield jumped from 2.19% Tuesday afternoon to 2.25% Wednesday morning before dropping again.