Another Sale for The Carl Rizzuto Sales Team The Davis - 04/27/12 11:23 AM
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Another Sale for The Carl Rizzuto Sales Team Client Recommendation The Moores - 04/27/12 11:09 AM
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Pending Home Sales Index Crosses The 100 Barrier - 04/27/12 09:02 AM
Pending Home Sales Index Crosses The 100 Barrier
After a series of worse-than-expected data last month, the housing market appears to be back on track.
The Pending Home Sales Index posted 101.4 in March, a four percent gain from the month prior and the index’s highest reading since April 2010 — the last month of that year’s federal home buyer tax credit.
A “pending home” is a home under contract to sell, but not yet closed. The Pending Home Sales Index is tracked and published by the National Association of REALTORS® monthly.
The March report marks the index’s first 100-plus … (0 comments)

The Fed Starts A 2-Day Meeting Today. Make A Strategy. - 04/25/12 06:53 AM
The Fed Starts A 2-Day Meeting Today. Make A Strategy.
The Federal Open Market Committee begins a 2-day meeting today in the nation’s capitol. It’s the group’s third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed’s adjournment.
Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes on U.S. monetary policy. “Making monetary policy” can mean a lot of things, and the action for which the FOMC is most well-known is its setting of the Fed Funds Funds.
The Fed … (0 comments)

Homebuilder Confidence Slips 3 Points In April - 04/18/12 05:51 AM
Homebuilder Confidence Slips 3 Points In April For the first time in 3 months, homebuilder confidence has slipped.
As measured by the National Association of Homebuilders, the Housing Market Index dropped three notches in April to a reading of 25. The report measures homebuilder confidence in the newly-built, single-family housing market.
When the Housing Market Index reads 50 or better, it reflects favorable market conditions. Readings below 50 reflect unfavorable conditions.
According to the scale, not since April 2006 have housing market conditions have been deemed “favorable” but, recently, homebuilder confidence has picked up. Between September 2011 and March 2012, confidence … (2 comments)

Mortgage Rates Fall For Third Straight Week - 04/16/12 07:00 AM
Mortgage Rates Fall For Third Straight Week
After a brief surge north of 4 percent last month, mortgage rates have settled down, near their lowest levels of all-time.
According to Freddie Mac’s weekly Primary Mortgage Market Survey, for applicants willing to pay 0.7 discount points plus a complete set of closing costs, the average 30-year fixed rate mortgage rate fell to 3.88 percent this week.
0.7 discount points adds $700 to your mortgage closing costs for each $100,000 borrowed.
Mortgage rates are down this week on “safe haven” buying. The move is triggered by Wall Street’s concern that Spain and … (0 comments)

Homes Get More Affordable On March Jobs Data - 04/11/12 06:13 AM
Homes Get More Affordable On March Jobs Data
Americans continue to get back to work.
Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs.
The March report marks the 18th straight month of job growth nationwide — the first time that’s happened in 5 years.
The Unemployment Rate dipped in March, too, falling one-tenth of one percent to 8.2%. This is its lowest national Unemployment Rate since February 2009.
Clearly, the jobs market is … (0 comments)

Jobs Report Due Friday; Mortgage Rates Expected To Change - 04/09/12 06:57 AM
Jobs Report Due Friday; Mortgage Rates Expected To Change If you’re out shopping for a home this week, or trying to lock a mortgage rate, with Friday comes home affordability risk. Consider locking your mortgage rate today.
The March Non-Farm Payrolls report is due for release Friday morning and mortgage rates are expected to move. Unfortunately for the home buyers and rate shoppers of Port St Lucie , we can’t know in which direction that will be.
The prudent play may be to lock your mortgage rate today.
On the first Friday of each month, the Bureau of Labor Statistics releases … (0 comments)

FHA Mortgage Insurance Premiums Increasing April 9, 2012 - 04/05/12 06:04 AM
FHA Mortgage Insurance Premiums Increasing April 9, 2012 Planning to use an FHA-backed mortgage for your next home loan? You might want to get your application in gear today.
Beginning next week, the Federal Housing Administration (FHA) is changing the way it charges mortgage insurance to U.S. homeowners. For the fourth time since 2010, FHA mortgage insurance premiums are rising for all FHA-backed homeowners.
For FHA Case Numbers assigned on, or after, Monday, April 9, 2012, there are two planned changes.
First, FHA Upfront Mortgage Insurance Premiums (UFMIP) will increase by 75 basis points to 1.75%, or $1,750 per $100,000 borrowed. … (1 comments)

Mortgage Rates Fall Back Below 4% - 04/02/12 09:23 AM
Mortgage Rates Fall Back Below 4%
After a brief run-up two weeks ago, mortgage rates are back below 4 percent. It’s good news for home buyers and mortgage rate shoppers of Jupiter because with lower mortgage rates come lower mortgage payments.
According to Freddie Mac’s weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage rate fell to 3.99 percent this week from last week’s 4.08 percent.
Last week had marked the first time since December 2011 that the benchmark rate crossed north of 4 percent — a span of 16 weeks.
And, it wasn’t just rates that … (0 comments)

 
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Carl Rizzuto

Hobe Sound, FL

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Keller Williams Realty

Address: 4455 Millitary Trail Suite 100, Jupiter, FL, 33458

Office Phone: (561) 296-8420

Cell Phone: (561) 301-9012

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