WNBA star Swin Cash part of historic all-female sports show

by Shelton on August 30th, 2014

filed under Business Loans

USA Basketball released its official training-camp roster on Monday and a big name was curiously not included, three-time WNBA champion Swin Cash. But Cash said she retired from the national team after the London Olympics, winning her second gold medal.

And on Tuesday, Cash was part of a bigger press release.

CBS officially announced it will launch the first-ever, all-female national weekly sports show. We Need to Talk will debut on Sept. 30 at 7pm PT on CBS Sports Network. It should run every Tuesday thereafter.

The title is unsettling. Those four words are the most dreaded to hear in any relationship. But its about time the women whove been tucked on the sideline or squeezed in between two men debating about sports finally get their say. Perhaps thats the meaning behind the show title? We do need to talk and do have a valid opinion on everything sports.

ESPN was met with a lot of flack with a separate but equal approach to female-centric sports coverage that still hasnt been reached on its ESPNW website. CBS hopes to be a different spin since its simply women talking about sports, which many more of us do competently everyday. In the words of Becky Hammon, when it comes to things of the mind, men are no more capable than women.

We Need To Talk is billed as bringing together the most accomplished women to share their knowledge and opinions by offering a unique perspective on the entire sports landscape not just womens sports. The already reputable CBS womens crew (and perhaps a few stolen from ESPN and Foxs great female bunch) will be joined by the likes of former women TV and radio personalities, team executives, and former and current athletes.

Thats where Cash enters the fold.

As a passionate sports fan, as well as an athlete, Im excited to be a part of (the program), Cash said in a released statement. Especially at a time when the influence of women in sports has evolved to where it is today.

Cash, whos also recently engaged, just completed the worst season of her 13-year WNBA career. After leading Chicago to the franchises first postseason appearance in 2013, she signed with Atlanta and was traded midseason to New York. The Liberty (15-19) failed to advance to the postseason, Cash averaging 4.5 points in an averaged 16.2 minutes off the bench.

While her playing career may be in limbo, Cash assured me she doesnt plan on retiring from the WNBA. (I) would never end my career the way this season played out, she responded in a direct message via Twitter. Cash, 34, has long started to build a career off the court.

As Cash helped Seattle win its 2010 WNBA championship, she made TV appearances talking about the NBA, Olympics and recently was a guest on MSNBCs Melissa Harris-Perry show discussing college athletes unionizing.

At the WNBA All-Star game in July, Cash hosted a roundtable with Diana Taurasi (Phoenix), Maya Moore (Minnesota), Candace Parker (Los Angeles), and Tamika Catchings (Indiana) that was well received.

Cash joins WNBA legend Lisa Leslie as athletes from the league wholl be part of CBS ground-breaking show.

In a recent Twitter discussion with some of my followers, the point was made that womens sports fans can no longer gripe about their sports not being covered considering all of the platforms that shed a light on the niche college and pro leagues. Im looking forward to seeing if We Need To Talk also gives women in sports a needed voice.

Heres Cashs roundtable from the WNBA All-Star game:

Heres more about We Need To Talk from CBS:


Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost …

by Shelton on August 30th, 2014

filed under Below Average Credit

Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost Purchasing Power

  • Real Estate Sales

Low Mortgage Rates Boost Home Sales

Todays mortgage rates are the lowest theyve been in 61 weeks; and the effects of low rates may be trickling up to housing.

In July, home resales crossed five million on a seasonally-adjusted, annualized basis for the second consecutive month — despite a limited number of homes for sale nationwide. Purchasing power is high and todays home buyers are taking advantage.

Low mortgage rates wont likely last.

Click to see todays mortgage rates.

Existing Home Sales Up For 5th Straight Month

The National Association of REALTORS® recently released its July 2014 Existing Home Sales report, which showed 5.15 million homes sold on a seasonally-adjusted, annualized basis. Its a 2.4 percent improvement over the month prior and the fifth straight month in which home sales have climbed.

Julys homes sales tally is the highest annualized total of the year and the largest in 10 months. Yet, on a year-over-year basis, home resales are off.

As compared to July of last year, home resales are down four percent.

Meanwhile, over the same period of time, the average home sale price is up five percent. This is because home sales have shifted toward high price points and away from low ones.

  • Home sales between $0-100,000 : -13% since last year
  • Home sales between $100,000-$250,000 : -3% since last year
  • Home sales between $750,000-$1,000,000 : +1% since last year
  • Home sales over $1,000,000 : +5% since last year

Furthermore, Julys jump in Existing Home Sales was mostly unexpected; it had been forecast by the Pending Home Sales Index, which is also published by NAR.  

The Pending Home Sales Index measures the number of US homes under contract, but not yet closed. 80% of homes under contract close within 60 days, so there is a very high correlation between the Pending Home Sales Index and the monthly Existing Home Sales report.

The most recent Pending Home Sales Index data projected Julys home resales to tally near 5.1 million on an annualized basis. The actual Existing Home Sales reading exceeded its projection, slightly.

One reason why may be that mortgages are closing more quickly in todays market. Lenders have used technology to get more efficient, and approve more loans. Purchase loans now average 38 days from application-to-closing — a 17% improvement from one year ago.

Plus, mortgage rates are getting quoted in the 3s.

Click to get a live mortgage rate quote. 

Buying Homes With Low Or No Downpayment 

Home sales are rising nationwide. Prices are rising as demand for home stays strong.

In July, according to the Existing Home Sales report, the national home supply was 5.5 months. This means that, at the current pace of sales, the entire inventory of US homes for sale would sell out in five-and-one-half months.

Home supply of less than 6.0 months connotes a Sellers Market; one in which home sellers have negotiation leverage over buyers and in which demand for homes is high.

Existing Home Supply has been below six months since August 2012.

The good news is that todays home buyers are able to finance their purchases via a growing number of mortgage programs, including low-downpayment loans, no downpayment loans, and loans for luxury homes.

Among the most popular options with todays low-downpayment buyers is the FHA loan. FHA loans require just 3.5% down and offer flexible mortgage approval terms, including an allowance for average and below-average credit scores.

Another common low-downpayment option is the Fannie Mae 95% program. This government-backed loan tends to work well for buyers with above-average credit scores who are buying single-family, detached properties (ie not condos or town homes).

For buyers in rural and suburban areas, the USDA loan is an excellent no-downpayment option. The zero-down loan is backed by the US Department of Agriculture and can provide below-market mortgage rates to applicants who use it.

Lastly, as the mortgage market has loosened, so have requirements for the fixed-rate and adjustable-rate jumbo mortgages.

Many banks now require just 10% down for a jumbo loan; and have lowered their minimum credit score requirement. This has helped spur the luxury housing market forward and is one reason why home sales over $750,000 continue to make gains.

Get Todays Mortgage Rates Now 

Buoyed by the lowest mortgage rates in more than one year, the US housing market is advancing. Home sales are rising and so are home values. Its an excellent time to consider your options as a buyer; and plan for your future as a homeowner.

See todays live mortgage rates now. Rates are available at no cost and with no social security number required to get started. There is no obligation to proceed whatsoever.

Click here to get started.