We have a tradition in my family at Thanksgiving. Just before we say grace, we go around the table and each person says one reason why they're especially thankful. It keeps the focus on why we're together-to celebrate the good things we have-and makes us all aware of the fact that there's always something to be thankful for.
I hope that you have many reasons to be thankful this season.
Monday, November 29, 2010
Wednesday, November 17, 2010
Mortgage Rates Rise, Applications Fall to Four Month Low.
Mortgage applications plunged last week to a four-month low after mortgage rates jumped to 4.46% for an average 30-year fixed-rate mortgage, up from 4.28% in the previous week, the Mortgage Bankers Association reported on Wednesday.
Overall applications were down 14.4%, but the plunge was sharper among refinances, which are much more sensitive to swings in rate. Refinance applications were down 16.5%, to the lowest level since July, while purchase applications were down 5%.
The MBA attributed the increase in rates to stronger economic data and “lingering uncertainty regarding the structure and impact” of the Federal Reserve’s new round of debt purchases. Rates have become incredibly volatile over the past week as investors have sold off mortgage-backed securities. Yields on the 10-year Treasury note, to which mortgage rates are closely tied, have climbed steadily over the past week.
The four-week moving average of the index that tracks home-purchase applications is 30% below the levels of April 2010, when home sales were artificially inflated by tax credits, and around 11% below the year-ago levels, when home sales had plunged following the anticipated expiration of home-buyer tax credits.
http://blogs.wsj.com/developments/2010/11/17/mortgage-rates-rise-applications-fall-to-four-month-low/
Overall applications were down 14.4%, but the plunge was sharper among refinances, which are much more sensitive to swings in rate. Refinance applications were down 16.5%, to the lowest level since July, while purchase applications were down 5%.
The MBA attributed the increase in rates to stronger economic data and “lingering uncertainty regarding the structure and impact” of the Federal Reserve’s new round of debt purchases. Rates have become incredibly volatile over the past week as investors have sold off mortgage-backed securities. Yields on the 10-year Treasury note, to which mortgage rates are closely tied, have climbed steadily over the past week.
The four-week moving average of the index that tracks home-purchase applications is 30% below the levels of April 2010, when home sales were artificially inflated by tax credits, and around 11% below the year-ago levels, when home sales had plunged following the anticipated expiration of home-buyer tax credits.
http://blogs.wsj.com/developments/2010/11/17/mortgage-rates-rise-applications-fall-to-four-month-low/
Monday, November 8, 2010
Traditional vs. tankless water heater
Tankless water heaters cut energy bills but aren’t the right choice for everyone. Here’s how to figure out if going tankless makes sense for you.
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Wednesday, November 3, 2010
Buying and Storing Firewood
Knowing how to evaluate, buy, and store firewood is key to the safe, efficient operation of your fireplace, wood stove, or fireplace insert.
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