January 30, 2015
COPENHAGEN, Denmark (AP) " Denmark's central bank has decided to cut its interest rate on certificates of deposit by 0.15 percentage points to -0.5 percent to keep the krone currency stable against the euro.
Danmarks Nationalbank says Thursday that the rate reduction will take effect Friday and follows interventions it made in the currency market to keep the krone from rising too much against the euro.
Other key interest rates " the lending, discount and current account rates " were left unchanged.
Denmark is a member of the European Union, but does not use the euro. The central bank typically follows ECB changes as part of a policy of trying to keep the krone stable against the euro. The ECB unveiled a big stimulus plan this month that has weighed on the euro.
Get out there and purchase a home.
January 30, 2015
WASHINGTON (AP) " Average long-term U.S. mortgage rates (click here) rose slightly this week after four straight weeks of declines, while remaining near historically low levels.
Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate is still at its lowest level since May 2013.
The rate for the 15-year loan, a popular choice for people who are refinancing, increased to 2.98 percent from 2.93 percent last week.
A year ago, the average 30-year mortgage stood at 4.32 percent and the 15-year mortgage at 3.40 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to hold down long-term rates.
The Fed sent a message Wednesday, after its latest policy meeting, that it will be "patient" in raising interest rates from record lows despite the steadily brightening outlook for the economy. The central bank indicated that no rate hike is likely soon because inflation remains well below its target rate....
I worry a little bit more if the summer sales fall off. The children are out of school in most areas of the USA and it is easier to move then rather than move them during a school year.
January 30, 2015
WASHINGTON (AP) Fewer Americans (click here) signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. The index ended the year below its 2013 average. But the Realtors project sales of existing homes will rebound in 2015 to 5.26 million, a 6.6 percent increase from last year.
Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale....
COPENHAGEN, Denmark (AP) " Denmark's central bank has decided to cut its interest rate on certificates of deposit by 0.15 percentage points to -0.5 percent to keep the krone currency stable against the euro.
Danmarks Nationalbank says Thursday that the rate reduction will take effect Friday and follows interventions it made in the currency market to keep the krone from rising too much against the euro.
Other key interest rates " the lending, discount and current account rates " were left unchanged.
Denmark is a member of the European Union, but does not use the euro. The central bank typically follows ECB changes as part of a policy of trying to keep the krone stable against the euro. The ECB unveiled a big stimulus plan this month that has weighed on the euro.
Get out there and purchase a home.
January 30, 2015
WASHINGTON (AP) " Average long-term U.S. mortgage rates (click here) rose slightly this week after four straight weeks of declines, while remaining near historically low levels.
Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate is still at its lowest level since May 2013.
The rate for the 15-year loan, a popular choice for people who are refinancing, increased to 2.98 percent from 2.93 percent last week.
A year ago, the average 30-year mortgage stood at 4.32 percent and the 15-year mortgage at 3.40 percent. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond purchases, which were meant to hold down long-term rates.
The Fed sent a message Wednesday, after its latest policy meeting, that it will be "patient" in raising interest rates from record lows despite the steadily brightening outlook for the economy. The central bank indicated that no rate hike is likely soon because inflation remains well below its target rate....
I worry a little bit more if the summer sales fall off. The children are out of school in most areas of the USA and it is easier to move then rather than move them during a school year.
January 30, 2015
WASHINGTON (AP) Fewer Americans (click here) signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. The index ended the year below its 2013 average. But the Realtors project sales of existing homes will rebound in 2015 to 5.26 million, a 6.6 percent increase from last year.
Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale....
