Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Consumer
Get house on the market--pronto
ALEXANDRIA, Va. (3/4/14)--Time's a wasting if you plan to put your house on the market this spring. House hunters have been scoping out properties online for months and are poised to buy (Motley Fool Feb. 15).
 
January visits to online real estate websites were up 25% more than in December, to more than 360 million, according to Experian Marketing Services (Feb. 14). So, if you plan to sell but your house is not yet listed and online, you're missing lots of opportunities to show your house to potential buyers.
 
While spring is the traditional season for housing sales to pick up, other factors contribute to the lift in interested buyers.
 
Mortgage rates are lower in the past month and hovering near 4% for qualified loans. This is good news for buyers sensitive to affordability: A traditional 30-year, $150,000 mortgage at 4.5% would have a monthly payment of $760. If rates decline to 4.25%, the payment would change to $738.
 
That $22 savings each month could make the difference between getting a loan approval or not. And, over the life of the loan, that 0.25% difference saves the borrower nearly $8,000.
 
Get your house show-ready by making sure it is spotless and clutter-free. Low-cost cosmetic fixes such as fresh paint and carpet in neutral shades, new cabinet hardware and shower curtains, and basic landscape maintenance pay off. An investment in updated kitchen appliances makes more sense than a kitchen remodel at this stage.
 
For more information, read "Want Top Dollar for Your House? Apply Elbow Grease" in the Home & Family Finance Resource Center.
RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
14 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
15 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
16 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
17 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
17 hours ago