3 things to know about interest rates in 2015
Here’s the skinny on what it means for mortgages
Most every major mortgage finance economist is on record – or will be on record by the end of this week – as saying interest rates will rise in 2015.
And they are probably right. On the conservative side it’s between 4.5-5%, with some outliers thinking it could be as high as 5.3% by the end of 2015.
Of course, keep in mind that last year there was only one notable naysayer on interest rates rising – Capital Economics which predicted no change in 2014. Since it looks like 2014 will end with rates a little lower than the start of 2014, it shows that even when there’s consensus, it’s a good reminder to take every prediction with a grain of…
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It is the season of joy and everyone is excited for holiday celebrations! While you are eager to decorate your home, you should take some precautions as you deck the halls and start a fire in the fireplace. Here are a few helpful tips on how to maintain safety in your home and still enjoy the holiday season.
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10 Tips To Cut Energy Costs This Winter – Winter is coming! It always seems to creep up on us faster than we would like. The days are getting shorter, colder and your energy costs could be getting more expensive. However, they don’t have to be as expensive this year. There are a few things you can do this winter to cut your energy costs.
- Unplug everything
Don’t leave your electronics on standby or plugged in. You can not only cut your energy bill this winter, but all year round by doing this.
- Heat the rooms you use
Close off, or even seal, the vents in the rooms you do not use.
- Minimize the use of a few things
Try cutting down on the time you use things everyday such as hairdryers, kettles, and irons.
- Get a humidifier
Moist air feels warmer as well as holds heat better.
- Bundle up
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PROVO, Utah (AP) — More than 1,000 people dressed as angels, wise men and religious royalty gathered at a park in Provo, Utah, and set a new Guinness record for the largest live nativity scene.
The event on Monday featured a variety of performers who made videos posted on YouTube. It is also expected to serve as a backdrop for a music video.
Guinness World Record judge Michael Empric determined there were 1,039 participants in the production, along with a camel, donkey and sheep, the Daily Herald of Provo reported.
That tops the record of 898 people last year at a nativity scene in the United Kingdom.
Organizers, however, said breaking the record was secondary to emphasizing religious faith over Christmas-season shopping.
“We wanted to do it simply to show the world what Christmas is all about,” said Derral Eves, one of the producers. “It is not all the…
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Summer may be real estate’s busy season, but winter offers great opportunities for buying a house, especially for renters looking to become homeowners, growing families trading up to larger houses and baby boomers seeking homes to fit their evolving lifestyles.
Generally speaking, your housing choices during the late fall are still healthy. October and November are great months to go house hunting. December is usually sparse, market-wise, but if that fits your timeline, you could luck out.
The benefits to buying a house at the end of the year include the following:
1. Tax savings
If you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.
2. Motivated sellers
Many sellers want to enjoy tax savings on the next home they purchase. They may…
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