Robert's Blog
Mortgages are available in all shapes and sizes, no money and low down payment plans are still available, and dont forget to get qualified prior to shopping to be sure you are looking in the right price range.
ARCHIVED BLOG POSTS
2008
3
Comments
It is another busy week of economic data, all of which is anticipated to support the possibility of lower mortgage rates. Here is what is in store for this week: Monday Nov 17: October Industrial production and Capacity Utilization; expected -0.5% and 76.1. Past reports have shown slowing facto...
11/17/2008
8
Comments
I am going to put a date on this: it is November 13, 2008. We are solidly below $2 in Ocean County Can you believe the swing we have seen in Gas prices? I was going to write something about Gas dropping below $2 when I saw the first $1.999 pop up. Then I started counting stations on my drive to...
11/13/2008
8
Comments
If you have read my profile you know that I have been in the business for over 20 years, I have seen a lot of ups and downs since the late 1980s both in business and in interest rates. My first house I paid over 11% on my loan, and I am in the business!!! When you look at the chart below, you wi...
11/13/2008
If you have read my profile you know that I have been in the business for over 20 years, I have seen a lot of ups and downs since the late 1980s both in business and in interest rates. One thing that has always caused me to bite my tongue is a conversation on rates. How often have you heard a c...
11/13/2008
This weeks Economic Calendar is dominated by Treasury Auctions: Monday Nov 10: Treasury Auctions $25 BILLION of 3 year notes. This is the first auction of the week which is expected to be a record for a Treasury auction in November (Last November we saw $18 billion) Monday 2pm: credit markets w...
11/10/2008
4
Comments
Surprisingly we have Conventional and FHA limits being announced with in a few days of each other. HUD announced in it's mortgagee letter 2008-36 the new FHA limits for 2009. 12 counties in NJ fall into the "High Cost" limit for FHA included would be Monmouth and Ocean counties. One-Unit: $...
11/10/2008
6
Comments
Well, close on the heels of the conforming limit being announced on Friday, HUD announced in it's mortgagee letter 2008-36 the new FHA limits for 2009. It appears that the base stimulus limit will stay at $417,000 to determine the floor and ceiling limits as follows: In areas where 115 percent ...
11/10/2008
Below is the letter that was just released today from the FHFA for 2009's Conforming Loan limits. The good news is the base $417,000 number remains unchanged, even though the calculation in the past 2 years should have seen that number drop based on the median prices falling. In high Cost areas w...
11/07/2008
Everything we read these days tell us it is a "back to basics market." Press the flesh, be visible, contact your sphere of influence etc. I would add that you need to constantly strive to improve ourselves. Every thing we do, (failure or success) can be a learning experience Here is an example...
11/06/2008
6
Comments
Market update, post election: what happened to interest rates? My buyers always ask me about rates and the market. The election news is a good thing if you are selling a home or if you are ready to buy, the following is my explanation of what makes me think that, along with a quick economic calen...
11/05/2008
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