Posts from July 2012
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19
Money Lessons From the Facebook Founder
13
Downsizing 101: Where Do I Start?
There are many reasons to consider downsizing your living space. Maybe you just want less house to maintain and less "junk" to look after. Perhaps your nest is empty and you just don't need all that space. Or you may be looking for a change of venue; moving to a more urban setting will likely mean a smaller home. Whatever the reason for your move, downsizing your home and your stuff can be overwhelming to contemplate. Boston real estate sales professional Peggy Patenaude says that the best approach is to take it in steps. "The first step is to hone in on what you want," she advises. "Ask yourself what-when-where questions to get to the heart of what you really want in your new space." Patenaude suggests you ask yourself the following:
- Consider your needs. What type of home will best suit you? A smaller house? A condominium or townhome? A retirement residence or assisted living community?
- Location, location. Where do you want to live...
12
Another Week of Record-Breaking Lows for Fixed-Rate Mortgages
Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates continuing to find new all-time record lows amid easing bond yields following June's lackluster employment report. Both the average 30-year and 15-year fixed-rate mortgage hit new lows. The average 30-year fixed has been below 4 percent for 16 weeks. The average 15-year fixed has been below 3 percent for 7 weeks. Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.56 percent with an average 0.7 point for the week ending July 12, 2012, down from last week when it averaged 3.62 percent. Last year at this time, the 30-year FRM averaged 4.51 percent. Additionally, the 15-year FRM this week averaged 2.86 percent with an average 0.7 point, down from last week when it averaged 2.89 percent. A year ago at this time, the 15-year FRM averaged 3.65 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.74 pe...