For many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing. An Increase In Your Home's Value A marked increase in a home's value is ideal for most homeowners who consider their home an important … [Read more...]
Case-Shiller: Home Price Growth Slows in May
According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April's reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that "tentative … [Read more...]
4 Ways to Safeguard Your Home While on Vacation
Everyone needs a vacation at some point, and worrying about your home should be the last thing on your mind while you're out of town. Here are 4 ways to boost home security when you're not around. 1. Enlist The Help Of Others Even if you're only gone for a short amount of time, asking someone you trust to keep an eye on your home can offer a big-time boost in security. Hiring a house-sitter to collect your mail, mow your lawn, and make your house look lived in can be a great option for … [Read more...]
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