Archive for June, 2010

Verizon Getting iPhone in January

Apple iPhone 3GS
Image via Wikipedia

Bloomberg News reported on Tuesday that Verizon Wireless will begin selling the Apple iPhone next year — next January, in fact. The business news service said that the iPhone’s long-awaited move to a second carrier was confirmed by two anonymous sources who were privy to the matter. Representatives from Apple or Verizon Wireless (or its parent company, Verizon Communications) were unable to confirm the report. The fact that the iPhone’s second U.S. carrier would be Verizon is not a surprise — it’s the largest U.S. carrier based on subscriber numbers. Also, the fact that there would be a Verizon iPhone in 2011 seems likely, as it would coincide with the introduction of Verizon’s new faster 4G wireless network. (The iPhone’s sole current carrier, AT&T, said it will roll out a similar 4G network in 2011.) The only thing surprising about the Bloomberg report is that it said Verizon’s iPhone would be “available to customers” in January. To be sure, January is a month when Apple likes to make news, but it’s rare for hardware companies or carriers to launch new products into the marketplace in January, when consumers are exhausted from the holiday spending season. Apple CEO Steve Jobs introduced the first iPhone in January 2007 to much hullabaloo, but the first iPhone wasn’t sold until the end of June.

Story at: http://www.msnbc.msn.com/id/38002805/ns/technology_and_science-wireless

Enhanced by Zemanta

Mortgage Rates Hit an All-Time Low

NEW YORK - DECEMBER 03:  People walk by a Well...
Image by Getty Images via @daylife

Average interest on a 30-year fixed mortgage fell to an all-time low of 4.69 percent this week, down from 4.75 percent a week ago, reports Freddie Mac. Although rates have held below 5 percent since early May, Michael Fratantoni of the Mortgage Bankers Association notes that demand for purchase loans has fallen in six of the past seven weeks and now is at a 13-year low. Consumers have grown used to low rates, he explains, adding that they balk at buying because they are more concerned about stagnant wages and high unemployment.

Read at: http://www.realtor.org/RMODaily.nsf/pages/News2010062502?OpenDocument

Enhanced by Zemanta

Senate Approves First Time Home Buyer Tax Credit Extension

Seal of the United States Senate.
Image via Wikipedia

If you’re a first time home buyer who scrambled to get into escrow by April 30, 2010 to receive the First Time Home Buyer Tax Credit and are struggling to close your loan before the June 30th, 2010 deadline, you may be relieved to know the Senate just approved an extension of the June deadline. Once the House and Senate reconcile and pass the same bill, you will be able to close anytime before September 30, 2010 to receive your $8,000 Tax Credit. About 180,000 homebuyers who already signed purchase contracts before April 30, 2010 would otherwise miss the deadline.  The National Association Of Realtors estimates that one-third of qualified applicants have been notified that they will be unable to close by the deadline.  The proposal approved by a 60-37 vote will help many many First Time Home Buyers still receive the Tax Credit. This is good news for all First Time Home Buyers who are stuck in slow going escrows that may not be able to close by the June 30, 2010 deadline.  This is partly due to people scrambling to get into escrow before April 30, 2010 and lenders being backed up trying to close loans by the June 30, 2010 deadline.  The Mortgage Bankers Association says delays are caused largely by te volume of transactions. The House still needs to pass the bill.

Read at: http://www.brokeragentsocial.com/loansbyscottsistilli/blog/6454/

Enhanced by Zemanta

September 2010 Extension of $8,000 First Plus New $6500 Existing Home Buyer Tax Credit From the Economic Stimulus Package.

With all the hoopla around claiming the credit and a strong push from various realtor groups, Senate Majority Leader Harry Reid has pushed through the senate a three-month deadline extension amid concern that a rush of buyers created too big of a backlog. New-home contracts rose 30 percent in March and 15 percent in April, the biggest two-month gain in records dating to 1963, according to the Commerce Department. About a third of the April signings were for homes under construction, and a quarter were for those that weren’t started. The National Association of Realtors asked members of Congress to consider extending the tax credit deadline to allow people more time to complete sales, said Lucien Salvant, head of public affairs for the Chicago-based trade group. Two other Senators,  D-Nev., and Sens. Johnny Isakson, R-Ga., and Chris Dodd, D-Conn, also supported an extension the to present home-buyer tax credit closing deadline to Sept. 30.

Read at: http://www.savingtoinvest.com/2009/02/15000-first-home-buyer-tax-credit-in.html

Enhanced by Zemanta

10 Ways to Reduce Your Summer Utility Bills

Logo of Alliance to Save Energy
Image via Wikipedia

Before the summer temperatures and summertime utility bills start to make you sweat, you might want to consider making a few changes to cut your energy consumption. You can shave dollars off your monthly bills without sacrificing comfort as long as you plan and get creative. Here’s a room-by-room guide to saving money this summer and benefiting the Earth at the same time.

In the basement: Geoff Godwin, division vice president of Emerson, the country’s largest provider of heating and cooling systems, says cleaning air-conditioning filters every month and getting your system checked by a professional once a year will ensure that it’s functioning as efficiently and inexpensively as possible. “A lot of people don’t do that — they ignore the AC system until something goes wrong,” he says, and then they end up buying a new unit instead of making minor fixes. If you need a new air conditioner, an energy-efficient one might be eligible for a tax credit (check at www.energystar.gov). When you’re shopping around, look for a unit with a seasonal energy-efficiency ratio of 16 to 21, the highest level of efficiency. Another option is a geothermal heating and cooling system, which uses pipes running from the more stable, ambient temperatures 5 feet underground into your home, where they pump heat in or out, depending on the season.

Throughout the house: “Make sure your house is leak-free,” says Ronnie Kweller, spokeswoman for the Alliance to Save Energy, or else “nice, cold, expensive air is going out the cracks.” You might want to consider assigning this task to a professional. Through the Energy Star online directory, you can find a local auditor who will use diagnostic equipment to test your home for areas where air conditioning might escape. Your auditor will probably do what’s known as a blower door test, which lowers the air pressure in your home and reveals leaks. He or she may also take a photo of your house with a thermographic camera; the red areas of the photo will indicate where better insulation and sealing are needed. If you don’t want to shell out money for an energy auditor, you can perform a casual energy audit yourself. Efficiency experts recommend feeling around baseboards, windows, doors, light switches and electrical sockets for air leaks. Air can escape or enter anywhere that two different building materials meet. Kweller also recommends walking around your house with incense to see if the smoke blows in when you pass windows. Kweller says old wooden windows are especially prone to this kind of leakage. If you find problem areas, seal with foam or caulking, which you can find at a hardware store. Insulation that meets certain efficiency criteria is eligible for federal tax credits. Kweller says properly sealing your house can save up to 20% on your utility bill. Using a programmable thermostat so that the temperature automatically rises when no one is home during the day can yield annual savings of about 30%, Godwin says. While about 25 million households own programmable thermostats, only half of those people take advantage of them. Replacing older light bulbs with compact fluorescents not only reduces your electricity bill, it can help save energy on air conditioning since fluorescents generate less heat, Kweller says. She estimates that each bulb can save about $50 over its lifetime.

In the living room: There’s nothing wrong with hosting movie nights this summer, but make sure you shut your entertainment center down when the evening’s over. Simply turning off a television set doesn’t put a stop to so-called “vampire power” — the power that devices consume even when they’re not in use. That’s why you should either unplug your electronics or use a Smart Strip, which cuts power when it’s not needed. If you’re in the market for a new television, check energy-efficiency ratings. The Energy Department bestows its Energy Star rating to sets that use about one-third less energy than regular televisions. In general, LCD televisions use less energy than plasma screens, but both use more than older sets. Remember to turn the power off or unplug your digital photo frames when you’re not gazing at those illuminated photos. Over a year, leaving one on costs about $9 — not a lot, but when thousands of people are doing the same thing, it adds up.

In the kitchen: Baking a cake or casserole in the summer will force your air conditioner to go into overdrive. Plus, eating hot food will only make you want to turn the thermostat down. But you don’t have to survive on cold pasta salads and gazpacho this summer. Instead of using your oven, consider an outdoor grill or toaster oven for small amounts of food. If you’re up for a challenge, try baking cookies on your car — yes, your car. Nicole Weston of the “Baking Bites” blog developed a method of baking cookies with the heat that collects inside cars on steamy days. She suggests parking in the sun, using a thermometer to help monitor the temperature, and protecting your dashboard by putting a barrier between it and the baking sheet. (It should be at least 95 degrees outside and the baking takes around 2½ hours.)

In the bathroom: If you don’t want to spend money on a low-flow toilet, you can still make yours more efficient by dropping a soda bottle filled with sand or water into the tank. It will use less water each time it flushes. Ivan Chan of carbonfund.org adds that small steps such as turning the water off while brushing your teeth or shaving can save a substantial amount of water (and money on your water bill) each year. He also recommends installing a water-conserving shower head.

In the bedroom: Stay cool while you sleep with an overhead fan instead of pumping air conditioning throughout the entire house. Shutting the doors and vents of unused rooms can also lighten the load on your air-conditioning unit.

Outside: A way to reduce cooling costs in the longer run is to plant trees or shrubs so that your house is more shaded, especially on the sunnier side, Kweller says. (For a quicker fix, draw the blinds or shades when you’re not home.)

Article at: http://realestate.msn.com/article.aspx?cp-documentid=24462394

Reblog this post [with Zemanta]