Solar-Panel Leases Turning Off Buyers
Solar leases began growing in popularity in 2012, and they have helped solar panels become more affordable to home owners. Solar panel installations grew by 38 percent in the past year alone. -- Daily Real Estate Newshttp://realtormag.realtor.org/daily-news/2014/06/24/solar-panel-leases-turning-buyers#sf3427248
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The effort to raise awareness of HARP comes as refinancing is down 56 percent from a year ago, according to data from the Mortgage Bankers Association. The average interest rate on 30-year fixed-rate mortgages hasranged between 4 and 4.5 percent since June of last year, up from rates below 4 percent, sapping the refinancing boom. -- Clea Benson in Bloomberg News http://www.bloomberg.com/news/2014-06-25/fannie-freddie-regulator-starts-new-push-for-harp-refinancing.html
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Shared by Amazing Ideas via Darja Vizjak
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-------According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 20, both the Market Composite Index and the seasonally adjusted Purchase Index decreased one percent over the course of one week, while the unadjusted version of both indexes two percent compared with the previous week. The unadjusted Purchase Index was 18 percent lower than the same week one year ago. -- National Mortgage Professional Magazine http://nationalmortgageprofessional.com/news49965/mortgage-apps-fall-again-student-loan-debt-culprit?
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Nat'l Real Estate Post:
Do lenders go too far, or are they within their rights to collect on a debt that’s owed to them? Can they call the delinquent consumer or not? Must everything be done through mail? The real question at hand here is where are the lenders rights? Where is the protection for the lender trying to collect on a debt? What are your thoughts? Tune into today’s show to see ours and let us know what you think in the comments down below. http://thenationalrealestatepost.com/cfpb-too-consumer-protective/
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Shared by Dieter Birr, Church in Forbach/Germany
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Economic Indicators:
Personal income increased $58.8 billion, or 0.4 percent, and disposable personal income (DPI)
increased $55.6 billion, or 0.4 percent, in May, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $18.3 billion, or 0.2 percent. In April, personal
income increased $49.9 billion, or 0.3 percent, DPI increased $50.8 billion, or 0.4 percent, and PCE
increased $2.3 billion, or less than 0.1 percent, based on revised estimates.
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Speaking Thursday at the Making Home Affordable five-year anniversary summit, U.S. Treasury Secretary Jacob Lew announced several initiatives designed to spur the flailing housing market.
- The extension of the Making Home Affordable program until “at least December 31, 2016”
- A plan to expand access to credit by working to revive the private-label mortgage-backed securities market
- A new partnership between the Treasury and theDepartment of Housing and Urban Developmentto build new, affordable rental housing
Shared by Xalima Miriel, Castle of Javier, Navarra. Dates back to the century X.
In this castle was born and lived San Francisco Javier.
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Economic Indicators:
The median sales price of new houses sold in May 2014 was $282,000; the average sales price was $319,200. The seasonally adjusted estimate of new houses for sale at the end of May was 189,000. This represents a supply of 4.5 months at the current sales rate.
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The Supreme Court fired a huge salvo on the Obama administration, unanimously rebuking the White House for making recess appointments when Congress wasn’t actually in recess.
Hensarling said that by the time the Senate confirmed Cordray in July 2013, he had served as director for 18 months without legal authority.
“This fact calls into question the legality of the official actions he took during this time period and may represent a legal risk for the CFPB,” Hensarling said. -- Trey Garrison in HousingWire
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But parts of the interest-rate market are stirring again — and I don't want you to miss out on that wake-up call. These early signals suggest we could be getting ready to launch the next leg up, one that would carry us to 3 percent on the 10-year ... and beyond.
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| Companies in the energy sector benefit in an inflationary environment. |
A key driver of this move? The return of inflation! One of the most visible signals of that threat is the explosion we've seen in gold prices. Federal Reserve Chairman Janet Yellen's cavalier dismissal of inflation concerns sent gold prices up by around $50 in a single day.
Mike Larson in "Money and Markets"
---------------------------------------I just had to include this:
http://www.theblaze.com/stories/2014/06/27/see-what-happens-when-you-crack-an-egg-under-water/
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