Swapping student loan debt for mortgage debt {Market Update} October 9th

October 9, 2017 abryant

If a robot does the robot is it still the robot or is it just dancing?

We’re all mature until somebody brings out the bubble-wrap.

Vegetarians, if you want animals to live, why do you eat their food?

The following statement is true. The previous statement is false.

Why is it called “after dark” when it really is “after light”?

Now The Market Update . . .

Stock markets are once again hitting record highs, as traders’ appetite for risk increases. Strong equity markets can slow down improvements in mortgage rates.

Anticipated tax cuts are one of the drivers for improved equity markets. Corporate tax cuts are expected to help spur the economy, increasing rates.

Despite continued impact from Hurricanes Harvey and Irma, jobless claims fell this week. A strong labor market could support a Fed rate hike in December.

Kitchen renovations are among the top remodeling projects most likely to add value to a home at resale. Homeowners generally recover up to 57% of the cost.

Mortgage applications for purchases were slightly higher last week, up about 1%. That’s nearly 5% higher than a year ago, despite a shortage of inventory.

A national homebuilder is offering a program to pay student loan debt for homebuyers. The program pays up to $13,000 and up to 3% of the home price.