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December 26th, 2010

Weekly Recap (12/20/10-12/25/10)

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Flipping Calender Saturday

Merry Christmas!

HSH.com would like to extend a warm holiday greeting to all our readers. Our offices will reopen Monday, December 27.

Some good news this holiday season

As we all know, 2010 has been a very trying and difficult year for many American homeowners. We especially feel for all those out there who have received or will be anticipating foreclosure notices.

As was the case last year, Fannie Mae and Freddie Mac have decided to halt foreclosures until the Christmas and New Year’s holidays are over

Friday

Should you spend more for a house to get better schools?

With home prices and mortgage rates as low as they are, more parents are asking, “Is it worth buying a more expensive property in order to get my kids into a better school?”

If you ask Deanne Anderson what a top school is worth, she’s got a specific answer: 25 percent of your home’s value.

The Los Angeles area Realtor can be that specific because she sells homes in the small suburb of La Cañada Flintridge — a city of about 20,000 residents with two school districts. Kids living on the east side of the city attend La Cañada schools, which are consistently ranked among the top in the state. But a small western segment of town is locked out of La Cañada schools. Kids in the so-called “Sagebrush” area must attend school in La Crescenta, which also hosts great schools–just not quite as great or quite as consistent…

Thursday

With tax credits expiring, are ‘green’ home improvements worth it?

Just the other day, we shared an article from our Library on home improvement projects you can do to your home during the winter months. Today, we’re going to focus on energy-efficient home improvements.

Many tax credits for home improvements are expiring at the end of 2010. What energy-efficient improvements are still worth the money? As expert Matt Grocoff points out, there are quite a few.

As the year draws to a close, many homeowners are scrambling to complete home improvement projects that would earn a federal tax credit. Homeowners who want a more energy-efficient home might be surprised to learn that there are several home improvement projects that can still bring a large return on investment (ROI), even without that extra tax boost from Uncle Sam…

Wednesday

HSH office closed Thursday (12/23) and Friday (12/24)

HSH’s office will be closed on Thursday and Friday (12/23 & 12/24) in observation of the Christmas holiday. Our office will reopen on Monday, December 27.

Unemployed homeowners: Don’t let your benefits lapse!

Unemployed, but doing everything you possibly can to keep your home? If so, it’s important to understand that if you’re more than three months delinquent on your mortgage payments, you won’t qualify for the latest initiative to assist unemployed homeowners. That’s why it’s more important than ever to understand the latest extension of unemployment benefits.

President Obama signed a law extending unemployment benefits for another 13 months when he signed a larger tax-cut bill on December 17, 2010. However, those who have already collected 99 months worth of benefits will not be collecting additional money…

Tuesday

Get some “wow” with these winter home improvement projects

Today marks the official start of winter. For much of the country, winter means frigid temperatures, wind chills that take your breath away, and piles of snow covering your lawn. That, of course, means being locked inside for months while you slowly go a bit nuts with cabin fever.

When you’re looking for a hands-on home improvement project to keep you from going stir-crazy during the cold winter months, these ideas from top contractors could provide the sanity you need…

Monday

Mortgage rates rise: 30-yr fixed hits 5.09 percent”

Mortgage rates increased last week to “better than five-month highs,” with certain expressions cracking the five percent mark for the first time in what feels like ages.

The latest issue of HSH.com’s “Market Trends Newsletter” explains the reasons behind this recent upswing in mortgage rates:

Fading fears of a double-dip recession, tax deals which may foster additional economic growth and a deflation threat which is falling behind us are all conspiring to push mortgage rates to better than five-month highs…

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One Response to “Weekly Recap (12/20/10-12/25/10)”

  1. Tweets that mention Weekly Recap (12/20/10-12/25/10): Saturday “Merry Christmas!“ HSH.com would like to extend a warm holiday greet... -- Topsy.com Says: December 26th, 2010 at 8:52 pm

    [...] This post was mentioned on Twitter by HSH Associates, Mortgage News. Mortgage News said: [HSH] Weekly Recap (12/20/10-12/25/10) – Saturday "Merry Christmas!" HSH.com would like to extend a warm holiday gre… http://ow.ly/1aCbeN [...]

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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