October 2008

There are 13 blog entries for October 2008.

This story is actually less about heating costs and more about saving energy. It also includes some information on how to cut down heating costs. My suggestion, where sweatpants and a sweatshirt in your house and don't turn the heat up as high. The bit about unplugging electrical devices is not new, but definitely helpful if your looking to cut costs.

There's a hidden price tag to the DVRs, iPods and cellphones proliferating at home. Even when fully charged or in off or standby mode, many plugged-in devices still draw, or "leak," power to operate remote controls, clocks and other needs. That costs the average household about $100 each year. The worst offenders: TVs and computer printers.

Link to WSJ.com

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Ok, so I knew Boston was cold in winter, but I had no idea that it was the most expensive place to heat a home. I just thought everyone had to deal with the exorbitant heating bills. The main reason for the high heating costs in Boston are the cities high dependency on oil. 36% of the residents here use oil and it is the most expensive heating source. Clink the link at the bottom to see a detailed breakdown on Boston. One of my future posts will be on how you can save on your winter heating bills!

Buffalo, N.Y., gets cold during the winter. Really cold. Just ask any Bills fan who has attended a home football game. The average low temperature during the months of January and February is 16 degrees Fahrenheit. Boston, at the same latitude, posts average lows

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After rates dropped a few weeks ago, they bounced higher last week after the credit market news. The hysteria in the market should settle down over the next couple weeks. I expect rates to drop back under 6% before the end of year.

"Average mortgage rates were nearly unchanged during the past week, leaving rates above the levels of two weeks ago," said Frank Nothaft, Freddie Mac vice president and chief economist, in a news release. "Reflecting the rate uptick from two weeks ago, the Mortgage Bankers Association reported that loan applications were down 23% last week."

Link to CBSMarketWatch

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