Real estateReal Estate is land and anything permanently attached to it, such as buildings and improvements. and mortgageA Mortgage is a document granting a lien on a home in exchange for financing granted by a lender. The mortgage is the means by which the lender secures the loan and has the ability to foreclose on the home. news on this kickoff to the 4th of July week. Mortgage loanA Loan is an amount of money that is lent to a borrower, who agrees to repay it plus interestInterest is money charged for the use of borrowed funds. Usually expressed as an interest rate, it is the percentage of the total loan charged annually for the use of the funds.. interest rates are at historic lows and could be an opportunity for homeowners and the housing market. And as usual, providing personal finance advice, real estate advice and consumer advice with Ilyce Glink on the Mark Arum Show June 30, 2012 on WSB Radio.
Happy beginning of 4th of July week! It’s Saturday and I am filling on on the Mark Arum Show today.
Real estate is on my mind – real estate and mortgage news to be exact. When it comes to the housing market and mortgage loans, if you’re breaking even, a homeowner that is not underwater, then you’re doing great. But with mortgage loan interest rates at historic lows, there’s a lot of people who should be buying homes sitting on the sidelines. If you can get involved, the time is now. It will be decades before both affordability and rates are this low again.
The 4th of July holiday this coming Wednesday will make for a lost productivity week so the economic news we get at month’s end is even more critical than usual. What happened this week?
- First time unemployment claims ticked up near the 400,000 “danger zone.”
- Consumer sentiment is the lowest since December 2011 after a Spring surge.
- Consumer spending (likewise) is the weakest experienced in six months. If you don’t feel good about where the economy is going, you’ll obviously put the brakes on spending.
Also, the Supreme Court upheld President Obama’s health care reform. What does it mean for you?
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