Archive for March 2014
Don’t forget to spring your clocks forward one hour Saturday night or Sunday morning this weekend for Daylight Savings Time. Although you may wake up and still be in the dark, you’ll gain an extra hour of evening sunlight. Benjamin Franklin was the person who originally suggested Daylight Savings Time as a means to “burn less midnight oil”. Germany was the first country to adopt DST on a large scale during World War 1 as a means to reduce artificial lighting and save coal for the war. Other countries soon realized the benefits, as well. In 1918, the United States enacted a federal law that standardized the yearly start and end date for Daylight Savings Time but allowed individual states to decide whether to utilize it or not. During
The following is a guest blog from Jeffrey Heckman and Joanne Rotella with Shelter Mortgage Company and does not necessarily reflect the views of GeorgiaMoves.com
1. Mortgage rates pushed lower last week and the main reason was that investors in Japan and China bought US bonds. They did this because Japanese and Chinese currencies have recently weakened versus the dollar making the safety and security of US bonds attractive to investors in both countries.
2. January New Home Sales unexpectedly shot up 10% from December to an annual rate of 468k units. This was the highest level since July 2008. January Pending Home Sales also posted a slight increase.
3. Per FICO, the average credit score in the US is down to 634. At first glance, this is a