On December 14, 2016, the Fed raised a key overnight bank-to-bank lending rate by .25 percent. Even though this is a short-term rate, it also impacts longer-term home loan rates. Rates on 30-year fixed mortgages rose about .5 percent between the election and this Fed meeting – causing monthly payments on a $300,000 loan to rise $85 per month and payments on a $600,000 loan to rise $172 per month. The Fed cited inflationary concerns, and rising inflation causes rising mortgage…

If only the walls at Skelly Lodge could talk. Built in the 1930s by a group of oil barons as a duck hunting lodge, the grand old home is rumored to have hosted the likes of Roosevelt, Truman, Eisenhower, and Churchill. It’s now for sale for $2.5 million with listing agents Mark and Janet Youngblood of Chinowth & Cohen Realtors. Harvey Sweet and his wife purchased the property – which is on the National Register of Historic Places – seven years…

Getting a clog in a bathroom sink drain can be a pain, but it’s definitely something you can attempt to clear on your own. You might be surprised to know that there are a number of options for taking care of the problem yourself. And you can save lots of money in doing so. Troubleshooting the clog How you should proceed in treating a clogged drain depends upon the severity of the clog, and how far it is down the…

The holidays tend to arrive much faster than we expect. From gift-giving and parties to decorations and other celebratory indulgences, we often forget that holiday costs add up quickly. And while the winter season is often considered the most wonderful time of the year, it’s not uncommon to feel the financial pressures associated with holiday spending. To keep your festive cheer at an all-time high, follow these tips from financial bloggers about best practices for budgeting during the holidays. Create a…