Mortgage Rates Follow Bond Yields Higher

Mortgage rates head higher off of last week's record lows.

New data released by Freddie Mac Thursday shows that for the week ending August 25, the 30-year fixed-rate mortgage averaged 4.22 percent (0.7 point). That’s up from 4.15 percent last week. Last year at this time, the 30-year rate was averaging 4.36 percent.

The average rate for a 15-year fixed mortgage came in at 3.44 percent (0.6 point) this week, rising from 3.36 percent last week. Twelve months ago, the 15-year rate averaged 3.86 percent.

HouseLogic

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Home Price Monitor: July 2011
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NAR Chief Economist Lawrence Yun at an August 18 press conference says borrowers' problems getting financing remains a roadblock to getting closed...

10 Easy Upgrades to Add Style & Value to Your Home

Sometimes, it’s the little things that make the biggest difference in the value and appeal of your home. Whether you’re trying to sell your home of just spruce up the place, here are 10 easy ways to get started.

1. Update hardware on cabinets and drawers
2. Replace towels and rugs in the bathroom(s)
3. Add overhead lighting or wall sconces to brighten rooms
4. Declutter small spaces and closets with DIY storage kits
5. Wash or power wash the exterior of your home (especially windows)
6. Add area rugs to throw in a hint of color
7. Hang a mirror in small rooms to give the illusion of more space
8. A fresh coat of paint on walls and trim brighten any room
9. Try a fresh new color on your front door for character
10. Mow and mulch your lawn even in the cooler months

Make a plan. Set a budget. Get started!