http://www.moneynews.com/Personal-Finance/Fettke-investing-homes-retirement/2014/12/15/id/613154/
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A provision in Senate Bill 2438 that would have allowed the Federal Housing Administration to charge a 4 bp administrative fee has been formally dropped from the Transportation, Housing and Urban Development and Related Agencies Appropriations Act.
The provision contained in the Senate bill would have assessed the fee on lenders, costing $40 for every $100,000 borrowed. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32299-new-fha-administrative-fee-defeated-in-congress
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Shared by Nhu Phuong Pham
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On average, homebuyers making the nation’s median income and purchasing the typical U.S. home spend 15.3% of their income on their monthly house payment, down from the historical norm of 22.1% during the pre-bubble period from 1985 to 1999.
In contrast, renters spent 29.9% of their monthly income on rent in the third quarter of 2014, up from 24.9% historically. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32273-zillow-renting-is-twice-as-expensive-as-buying
----------------------------------------------As of December 12, 2014 the interest rates are:
3 month mortgage trends
| Mortgage rates | 30-year fixed | 15-year fixed | 5/1 ARM | 30-year jumbo |
|---|---|---|---|---|
| 12/10/2014 | 4.03 | 3.28 | 3.26 | 4.12 |
| 12/3/2014 | 4.07 | 3.29 | 3.20 | 4.12 |
| 11/26/2014 | 4.08 | 3.29 | 3.19 | 4.14 |
| 11/19/2014 | 4.10 | 3.30 | 3.10 | 4.13 |
| 11/12/2014 | 4.13 | 3.32 | 3.10 | 4.15 |
| 11/5/2014 | 4.14 | 3.34 | 3.18 | 4.14 |
| 10/29/2014 | 4.10 | 3.27 | 3.17 | 4.11 |
| 10/22/2014 | 4.05 | 3.21 | 3.14 | 4.10 |
| 10/15/2014 | 4.01 | 3.23 | 3.09 | 4.09 |
| 10/8/2014 | 4.18 | 3.37 | 3.27 | 4.21 |
Read more: http://www.bankrate.com/finance/mortgages/current-interest-rates.aspx#ixzz3M5VQId6e
Follow us: @Bankrate on Twitter | Bankrate on Facebook
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Shared and taken by M. Friedrich, Belgien - Lüttich
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January U.S. crude oil futures traded at $56.45 a barrel Monday afternoon, down $1.36 from Friday.
Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Finance/Memani-market
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Shared and taken by Norbert Metz, Lighthou
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Confidence among U.S. homebuilders hovered in December close to a nine-year high, indicating the residential real estate recovery continues to make progress.
http://www.bloomberg.com/news/2014-12-15/homebuilder-confidence-in-u-s-hovers-around-nine-year-high.html
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| Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,028,000. This is 1.6 percent (±8.1%)* below the revised October estimate of 1,045,000 and is 7.0 percent (±10.2%)* below the November 2013 rate of 1,105,000. |
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Shared and taken by Sandra Brown, either La Jolla or San Diego
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