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What’s Ahead For Mortgage Rates This Week – July 15th, 2019

Last week's economic releases included reports on inflation, core inflation and minutes from the Federal Open Market Committee Meeting held June 18 and 19. Weekly readings on mortgage rates and first-time jobless claims were also released. Inflation Rate Rises, but Grows at Lowest Pace in Four Months June's Consumer Price Index reported the lowest rate of inflation in four months with a year-over-year rate of 1.60 percent growth as compared to May's year-over-year inflation rate of 1.80 percent. Fuel prices were lower, which helped balance rising costs of rent, clothing and autos. Analysts said that falling inflation rates would be a…
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4 Times When Laminate Flooring Is Better Than Hardwood

Hardwood flooring is considered a premium flooring material. It's natural, long-lasting, durable and comes in a wide assortment of colors, wood, stains and plank widths. But hardwood flooring isn't always the best choice. If you're looking at homes to buy and eliminating the ones with laminate flooring, you could be overlooking some important considerations. Following are four times when laminate flooring is a better option than hardwood. 1. You Live In A Very Humid Climate Excess humidity isn't kind to hardwood floors. Wood is hygroscopic, which means it absorbs moisture from the surroundings. Too much moisture in the air can…
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Making Money Buying Homes And More From Estate Sales

An estate sale is the sale of the property owned by a person after a person dies. This sale may include real property, such as a home, and personal property, such as the home's contents. There are two ways to buy property through an estate sale. One way is to buy it from the person who inherited the property. The other way is to buy it from the estate through the executor of the estate. The executor is the person with the legal authority to dispose of the estate's assets according to the last will and testament of the person…
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3D Printing Used For Home Renovations And Construction

3D printing technology is a game-changer in the home construction business. Not only is the technology capable of printing a home, but it can also be used to print one at a much lower cost when compared to traditional home construction. All3DP reports on homes printed using 3D technology that costs as little as $4,000 to $10,000. Some are ready for occupancy within 24 hours. The $4,000 Home A company in Texas, called ICON, is working with NewStoryCharity.org to create 3D-printed homes at an extremely low cost. New Story Charity builds simple homes in other countries, like Haiti and El…
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Rent-To-Own Opportunities For Those With Bad Credit

For those who have less than a stellar credit history; yet, who still want to have their own home, a rent-to-own option is worth considering. A rent-to-own (RTO) agreement is a hybrid between buying a home and renting a home. Usually, RTO deals require a significant down payment that applies towards the home purchase. An RTO tenant/buyer gets the option to buy the home for a certain price at some date in the future. The down payment is lost if a tenant/buyer does not go forward with the home purchase. Another common characteristic of RTO deals is that a portion…
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What’s Ahead For Mortgage Rates This Week – July 8th, 2019

Last week's scheduled economic news included readings on construction spending and reports on public and private sector  jobs. Monthly readings for public and private sector jobs and the national unemployment rate were released along with weekly reports on mortgage rates and initial jobless claims. Construction Spending Dips in May May construction spending fell to a seasonally-adjusted annual rate of 0.80 percent growth at a pace of $1.3 trillion as compared to April's reading, which was adjusted to 0.40 percent growth after reports of a flat reading. Year-over-year construction spending  was 2.30 percent lower in May.   High materials costs and…
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