Chores, Allowance, and "Above and Beyond" Tasks - The Simple Dollar "Their role in that is their chores. It’s simply expected that there are certain things that they do as part of living at home. It’s not tied to allowance."
Thanks to the incredible interest rate buy down feature of the #NACAPurchase Program, the Reyes family got an interest rate 0.0625% (one sixteenth of one percent)! Paying less than rent and their mortgage payment goes almost entirely to principal with an average of only $4 in interest! #AmericanDream 0.526%APR
Right now, you can borrow money at 1/2 of the 50 year average rate. This (I believe) is what is buoying the high end of the market. If mortgage interest rates return to normal (or worse, above normal), the amount of million dollar home buyers will be cut by more than half. Read more: http://manausa.com/a-comprehensive-study-of-million-dollar-homes-in-tallahassee/#ixzz3OKr4s7S7
the government is cutting the help struggling families get with their mortgages because the average interest rate on NEW mortgage is falling - which doesn't make much sense! http://debtcamel.co.uk/help-mortgage-interest/