Mortgage Rates Steady Today, but Volatility Looms; Price Gains Ease, but West Stays Hot

Mortgage rates were generally unchanged to begin the short work-week for financial markets, though that wasn't the case at first. Earlier this morning, most lenders were quoting higher rates than those seen last Friday. Markets improved rather significantly during the course of the day, allowing most lenders to 'reprice' to lower rates, thus bringing them back in line with Friday's. Despite the apparent lack of volatility today, the rest of the week could see much bigger moves depending on the outcome of the various economic reports that will be released between now and Friday. In addition to the data, financial markets are perhaps even more sensitive to news regarding the potential for a Fed rate hike in mid-June. Today, for instance, a poll came out saying that the U.K. was slightly more

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My Favorite Staging Accessory: Rugs

Styled Staged & Sold will be featuring staging professionals’ favorite staging accessories and props over the next few weeks. (Do you have a favorite? Submit your favorite for consideration to mtracey@realtors.org.)

Photo credit: PJ & Company team in Irvington, NY

Go-to prop: Rugs

Stager: Patti Stern, PJ & Company, Irvington, NY

Why I love it: “One of my favorite accessories is rugs — in all shapes and sizes. Rugs are great for staging because they can dress up any space. We sometimes even layer rugs over existing carpeting to play down flaws and update an all sea of beige carpeting. Rugs can anchor furniture and often better showcase hardwood floors.”

Make it work tips:

1. When staging a room, look for a modern neutral rug that goes with the décor, such as organic rugs like sisal for under a kitchen table or even with a colored border.

‪2. If there is hardwood don’t go too big with the rug. Try a 5×7 under a kitchen or small dining table when there is hardwood to add color.

3. Don’t use too many patterns. Think about the rug when the room will be photographed. You don’t want it to overwhelm the photo. When in doubt, use a neutral beige rug that will make the photo and the room pop.

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Real Estate in the Military - Show 381

Real Estate Today Radio - SHOW 381

On this week's Real Estate Today, it's our special show "Real Estate in the Military."

This Week's Show Includes:
- Top News Of The Week
- The Flag and Your Home
- The VA Loan Quiz
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Mortgage Rates Calm Ahead of Long Weekend; CFPB Targets Individual LO

Mortgage rates were sideways to slightly lower today, depending on the lender. Financial markets closed early for Memorial Day weekend, and will be fully closed on Monday. As such, lenders won't be updating rate sheets again until Tuesday. Today's rate sheets aren't too terribly different from yesterday's. Most lenders are unchanged and a few are offering just slightly lower costs for the same "note rates" seen yesterday. The most prevalently-quoted conventional 30yr fixed rate continues to be 3.75% on top tier scenarios, but there are several lenders at 3.625%. The financial markets that underly mortgage rate movement are in a tricky spot at the moment. Investors are weighing the possibilities of a Fed rate hike in June or July. Although mortgage rates don't move in lock-step with the Fed

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