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Rates Are Still Well Below Historical Average
In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage (FRM) averaged 5.68% for the week ending Dec. 27, 2007, up from the previous week when it averaged 5.48%. Last year at this time, the 30-year FRM averaged 6.34 %.
Reinforcing the Fed's resolution to thwart a recession, the Federal Open Market Committee announced another cut in the target federal funds rate by half of a percentage
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point. This came after the Fed's rate cut of 3/4 of a percentage point the previous week, and the shaping-up of a fiscal stimulus package by Congress and the White House.
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How Long Should You
Keep Tax Records?
 Many tax advisers say that you should keep tax records at least three years after filing. But some advisers have a more cautious view, and suggest that you should simply keep your records forever.
Why keep tax records for years and decades?
The answer is that such records may be important when homes are sold or estates need to be settled.
In particular, records showing big improvements, how long you've lived at a property, and purchase information can be especially valuable.
For details, speak with your tax professional. |
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Check Your Homeowner's Coverage
 Whether your policy is paid through the escrow (trust) account maintained by your lender or paid directly by you, it's a good idea to review your coverage. Some central questions include:
 As the value of your home has risen, have you increased coverage? Is your home office covered?
Are antiques, jewelry, collectibles, and personal items protected?
Have you made a recent video of your home and unique items?
What is included under your policy -- and what is excluded.
Does your policy provide for the actual replacement cost in the event of a claim?
For details and information speak with your insurance agent. | |
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Moving Day Checklist
 Whether you're moving in or moving out, there's no doubt that moving itself can be a complex process. Below are 10 questions to ask before the big day arrives.
1. Have you filled and transferred all prescriptions? Do you have sufficient supplies until you get to your new residence?
2. If you have a pet, have you obtained a copy of all vaccination and other records?
3. Have you contacted all utility companies to change billing information?
4. Are you throwing out old batteries, paint or gasoline? These and similar items must be disposed of properly.
5. Moving with young children? Make sure to have favorite toys and games available.
6. Review the contents of your safety-deposit box and home safe. What's the best way to move your valuables?
7. Have you backed up your computer?
8. Is your address book handy? Make certain it's available during the moving process.
9. Driving to your new home? Have your vehicles serviced before you move.
10. Need new address forms? The Postal Service has packets so that mail can be automatically forwarded to your new address. |
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