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
#creditunion affinity card programs make the grade for schools See #NewsNow http://t.co/TThZIvMRTO
10 hours ago
Home-price appreciation softens further in July #NewsNow #Market http://t.co/0MXVy9sby0
12 hours ago
.@ChartwayFCU charitable arm, the We Promise Foundation, has reached the $1M fundraising milestone in a single year for the first time
13 hours ago
.@mncreditunions' Mark Cummins shares CU difference with @KIMTNews3 http://t.co/gkarhZxDRF
14 hours ago
.@LeagueofSECUs' brand campaign reaches 80M consumers #NewsNow #System http://t.co/yKmdYyXN2v
15 hours ago