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Tuesday, January 15, 2013

Preventing freezing pipes



On track to be one of the coldest January's on record, by taking preventive measures as cold weather has arrived (it's never too late to prevent a impending disaster!), you can prevent freezing pipes and the costly damage that goes with them.
Where the trouble lies

"Some pipes are more prone to freezing than others because of their location in the home," explains Paul Abrams, spokesman for Roto-Rooter.

Pipes most at risk for freezing include:

  • Exposed pipes in unheated areas of the home.
  • Pipes located in exterior walls.
  • Any plumbing on the exterior of the home.
Read further for more Preventative measures 

Monday, January 14, 2013

Interest cost down 31% vs. 2 years ago

It's a Refi Boom. Mortgage rates have been on decline for more than 2 years. Conforming mortgage rates, FHA mortgage rates, VA mortgage rates and jumbos -- they're all at all-time lows.
Meanwhile, so is the value of the mortgage interest tax deduction. As mortgage rates remain below 4 percent, today's homeowner is paying less mortgage interest to the bank each year.
As compared to two years ago, homeowners paying 31% less mortgage interest.