Month: March 2018


March

2018

When your parents die broke

This article examines when parents pass away and who is left with the responsibility of existing debts.  For the most part we don’t find many people in this situation but in the last few years we have run across it several times.  One of the most surprising takeaway’s from the article is that “nearly half of seniors die owning less than $10,000 in financial assets.”  Also, 23% of people older than 75 have mortgages on their home.   With health care costs skyrocketing, we feel that this is a situation that we will come across more and more over the next few decades.  The article gives some good advice if you ever are put in a situation like this. 03.19.18

Mortgage Rates

The benchmark 30-year fixed-rate mortgage averaged 4.43% during the week ending March 1, according to Freddie Mac’s weekly survey, out Thursday. That was up three basis points from the prior week and leaves rates nearly half-a-percentage point higher than the level at which they started the year. The 15-year fixed-rate mortgage averaged 3.90%, up from 3.85%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.62%, down three basis points. 03.05.18