A properly insulated attic and crawl space can save you 10 to 50 percent off your energy bill. But the reality is, many homes fall short of the recommended insulation levels - about 10 to 14 inches,
Mortgage Market Update and News
Little Change in Mortgage Rates
There was little market moving news for mortgage rates this week. Little apparent progress was seen regarding the US fiscal cliff or the debt troubles in Europe. Since it's extremely difficult to estimate the impact of Hurricane Sandy, investors did not give much weight to the US economic data released this week. As a result, mortgage rates ended the week with just a small change.
Investors are operating with a high degree of uncertainty these days. Many hoped that after the election political leaders would provide clear signs that a compromise could be reached to resolve the upcoming fiscal cliff. If no action is taken, a series of spending cuts and tax increases will occur at the end of the year, which likely would result in a sharp slowdown in US economic growth. In general, investors have reacted to the uncertainty by shifting from riskier assets such as stocks to safer assets, including mortgage-backed securities (MBS). If a deal is reached, this flight to safety may reverse, at least to some degree.
The situation in Europe is also a source of frustration for investors. It's clear from the economic data that growth in the region is slowing, even in the stronger countries such as Germany. The big question is what actions will be taken to address the debt troubles. European officials remain divided about releasing additional aid to Greece. Spanish leaders have not decided whether they will ask for assistance from the European Union (EU) bailout programs. In short, while economic conditions continue to get worse, there has been little progress in the conflict between the troubled countries which need help and the stronger countries which will have to pay the bill.
John graduated from the University of Maryland with a B.S. in Finance and started his career as a Financial Advisor with Merrill Lynch where he assisted high net worth individuals with their investmen....
Latest Blog Posts
Selling a House is an art within itself that requires the necessary steps to getting your home sold as quickly and as effective as possible. Without following the optimal steps to selling your