According to a Wall Street Journal article, 29% of retirees have nothing saved. One third have at least $50,000 saved, and the rest must fall into the “under $50,000 saved” category. For the majority of Americans heading into retirement age, this means the best option left is to keep working.
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Have you tried to sell your home recently? Is it difficult to sell because you owe more than it’s currently worth? Well, good news. The Obama administration recently began a new program to help homeowners like you.
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Despite the high unemployment rate – people are buying more. The retail sales report released by the Commerce Department today showed that sales actually rose 0.3% from January. These figures are seasonally adjusted, and when you take car and auto part sales out of the equation, the increase is actually 0.8% for month over month and 4.2% higher than the previous year.
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All three of the Treasury auctions this week were successful. Yesterday’s 30-year auction was met with strong demand. The week finishes up with key economic reports on retail sales, consumer confidence, and business inventories.
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While Quicken Loans provides the personable customer service similar to that of your local family-owned shops, we are proud to say that 2009 was a record breaking year with $25 billion in originated loans last year.
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According to ABC News, U.S. mortgage applications increased last week, showing that more home buyers are entering the market before mortgage rates increase further. While interest rates have been slowly creeping higher, rates are still incredibly low when compared to the years before.
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Being a homeowner can be a huge financial investment. After all, beyond the mortgage payments, you also have repairs, home improvements, and a ton of other costs that renters generally don’t have. That’s why it’s crucial that you have your finances straightened out, and make sure you don’t buy a home that’s beyond your budget. To help with that, here are 7 deadly financial sins from savvysugar.com that homeowners should avoid.
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The weekly jobless claims were released this morning. Initial claims were expected to be lower at 460,000 compared to 469,000 the previous week.
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Have housing values reached the bottom yet? And how do you know if now is a good time to buy a home? Our CEO Bill Emerson was featured on CNN Money to discuss the conditions of the housing industry, as well as to answer some questions on adjustable rate mortgages (ARMs). Emerson also explained that home buyers are finding security in the incredibly low mortgage rates right now, making 30-year fixed loans an ideal choice for many families. Check out the video for the full story and answers to many of the common questions home buyers are asking.
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Tuesday’s $40 billion 3-year Treasury auction was well received as investors were attracted to the relative safety of shorter-term debt.
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