For the first time this year, Fannie Mae announced significant updates to its mortgage underwriting guidelines. The changes include newer, harsher ARM qualification standards, the elimination of a once-popular loan product, and tighter rules for interest only mortgages.
This week marks the start of August, a popular vacation month for Americans. Maybe you’re among the many that will leave town for a few days — or a few weeks. But, before you leave your home, make sure you don’t leave clues for burglars.
According to the Standard & Poors Case-Shiller Index, home values rose 5 percent in June versus the month prior, and 4 percent from a year earlier. It’s the 16th consecutive month in which Case-Shiller reported an increase in home values and the third straight month of outstanding results.
Home builder confidence held firm this month, according to the National Association of Home Builders’ monthly Housing Market Index. September’s reading of 13 equaled a 17-month low.
Home values “crept forward” in July. But not that it matters — the Case-Shiller Index is a better tool for economists than it is for homeowners. There’s 3 reasons why.
The number of single-family Housing Starts rebounded in August, climbing 4 percent from July’s 14-month low.
Sales of existing homes in recovered in August, perhaps the result of a post-tax credit normalization.
Learn how to rid your kitchen of dirt, bacteria and grime using nothing but basic household cleansers and some elbow grease.