Call for cheaper car insurance deals

Young people would pay lower insurance premiums if they just use their cars to get to work or college under proposals put forward by Labour. The “sky-high” cost of car insurance is “pricing young people out of driving”, according to the opposition. More >

U.S. Congress moves to raise FHA loan limits

Republicans and Democrats in the U.S. Congress on Monday agreed on a measure that would increase the maximum size of mortgage loans that can be insured by the Federal Housing Administration, a key funding source for U.S. home loans. More >

Spring surge blooms as home buyers dive in

http://images.smh.com.au/2011/11/13/2770880/ipad-art-wide-houses-420x0.jpgHOME buying in Sydney is increasing, with auction clearance rates rising and a surge in first-home buyer activity. Last weekend, 572 properties were listed for auction, the same number as the previous weekend and almost the same as the 588 listed for auction at the same weekend last year. More >

Basic living costs in Britain at 20-year high

http://static.guim.co.uk/sys-images/Observer/Columnist/Columnists/2011/8/18/1313664758104/Cardiff-University-studen-007.jpgAccording to economists at Oriel Securities, spending this year on non-discretionary items – such as food, utilities, petrol and mortgages – is forecast to account for 67.3pc of household disposable income. Ten years ago, spending on essentials accounted for just 56.6pc of disposable income. More >

42 Percent of Home Buyers are Unrealistic

Despite widespread volatility within the housing market and five consecutive years of home value declines, more than two in five (42 percent) of polled prospective home buyers believe home values typically appreciate by 7 percent a year, according to a recent survey by leading real estate information marketplace Zillow. More >

30 Year FHA Loans Fall To 3.750%

Are you a renter?  Is the lack of a down payment the only thing standing between you and home ownership?  Buying a home may require less money up front than you think.  FHA-insured mortgages are a great way for first time home buyers to break into the housing market. More >

Home insurance can help protect against heating

http://www.comparenow.com/images/resize_image.php?x=200&p=/news/having+boilers+and+heating+systems+checked+can+reduce+the+risk+of+breakdowns+during+the+winter+months_1656_800761736_0_0_7012542_300.jpgBrits should carry out regular checks on heating appliances and have a home insurance policy in place to deal with an emergency.

John Hancock, an engineer at HomeSafe, noted that during the cold winter months boiler breakdowns can be the biggest cause of problems for people, so it pays to be covered. More >

House prices to rise most in Sydney, Perth

Stable interest rates and improving economic conditions will drive rising house prices in the next three years, with Perth and Sydney leading the way, a major mortgage insurer says. More >

Mortgage rates hit new lows. Time to refinance?

http://2.bp.blogspot.com/-mUBmLItD-Y0/TgPNRK2RBLI/AAAAAAAAAFA/ObBD5F16TfI/s1600/refinance-mortgage.jpgMortgage rates have fallen to new lows in recent weeks, spurring interest in refinancing. But not everyone is able to cash in on the deal, some lenders say.

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Financial grants available for first home buyers

GOOD news first home buyers – the Government is still offering a boost for your hip pocket. The key to maximising the benefits is knowing exactly what you’re entitled to – and for how much longer. More >