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What’s Ahead For Mortgage Rates This Week – March 7, 2016

Week in Review Last week's scheduled economic news included reports on pending home sales, construction spending and several jobs related readings including ADP Payrolls, the government's Non-Farm Payrolls and the national unemployment rate. Mortgage Rates, Weekly Unemployment Claims Rise Mortgage rates rose across the board according to Freddie Mac's weekly report. The average rate for a 30-year fixed rate mortgage rose two basis points to 3.64 percent; the average rate for a 15-year fixed rate mortgage rose by one basis point to 2.94 percent and the average rate for a 5/1 adjustable rate mortgage rose five basis points to 2.84…
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Dream Renovations: Upgrading Your Bathroom from ‘Regular’ to ‘In-Home Spa’

There are times you might long for the relaxed leisure of the spa experience, but with the cost of a manicure it's not always a pleasure one can afford. If your current bathroom set-up isn't the optimal place for rest and relaxation, here are some cues for how you can turn it from a bit of a problem to a consummate pleasure. Install A Vintage Vanity The look of slick steel and porcelain can certainly be classy, but if you're looking for an upscale room you'll love to spend time in, consider a vintage dresser that you can turn into…
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The FHA Mortgage Minimum Credit Score Has Been Reduced. Here’s What You Need to Know…

Credit is of considerable concern when it comes to buying a home, but if you're on the market for a new place in the next few months there may be some timely news that applies to you. If you haven't heard about the changes to the Federal Housing Administration's (FHA) credit score minimum, here's some information on the recent reduction and how it may impact your home purchase. Information On The FHA Started in 1934, the FHA is the organization responsible for insuring the loans that are available to homebuyers in the United States. These loans are not provided directly…
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