orlando fha loans: Existing Homes Sales Slip In May
- 07/04/11 02:47 AM
Home resales slipped 4 percent in May, falling below the 5,000,000-unit mark on a seasonally-adjusted, annualized basis for the first time since February.
April's resales were revised lower, too.
Analysts were surprised by the figures because it runs counter to the National Association of...
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Existing Homes Sales Slip In May
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orlando fha loans: Homebuilder Confidence Slips To 9-Month Low
- 06/22/11 01:29 AM
Despite rising new home sales and an increase in building permits nationwide, home builder confidence slipped to a 9-month low in June. The monthly Housing Market Index from the National Association of Homebuilders registered 13 this month -- three ticks lower than last month, and its lowest level since September 2010.
June's 3-point drop from May is the biggest one-month move since May 2010, the month after the expiration of the federal home buyer tax credit. The retreat could signal favorable pricing for new home buyers in Longwood in the months ahead.
When builders get less bullish on....
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orlando fha loans: How To Clean Outdoor Furniture : Resin, Wood And Metal
- 06/21/11 01:39 AM
This week marks the official start of Summer in Lake Mary. If your home's outdoor area has furniture in it, you'll want to make sure that your furniture is clean.
In this 4-minute video from Lowe's, you'll learn tricks to keep your outdoor furniture clean, and protected from the elements. All types of outdoor furniture are covered in....
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How To Clean Outdoor Furniture : Resin, Wood And Metal
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orlando fha loans: HOA Hurdles to be Aware of When Looking at New Properties
- 06/20/11 12:58 AM
A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project.
According to Wikipedia:
A homeowners' association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of homes.
It allows the developer to exit financial and legal responsibility of the community, typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots.
It allows the municipality to.....
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orlando fha loans: Housing Starts Climb Unexpectedly In May
- 06/20/11 12:37 AM
The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
As compared to April, last month's Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized rate of 419,000 units, a figure slightly better than the 6-month average and the highest tally since January.
A "housing start" is defined as.....
Housing Starts Climb Unexpectedly In May
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orlando fha loans: Monthly Foreclosure Count Drops For 16th Straight Month
- 06/17/11 01:51 AM
Foreclosure rates are falling.
According to foreclosure-tracking firm RealtyTrac, monthly foreclosure filings fell 2 percent in May to just under 215,000 filings nationwide. A foreclosure filing is defined as any one of the following: a default notice, a scheduled auction, or a bank repossession.
On an annual basis, foreclosure counts have...
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Monthly Foreclosure Count Drops For 16th Straight Month
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orlando fha loans: Mortgage Rates Surge On May Retail Sales Figures
- 06/16/11 02:14 AM
The jobs market is recovering slower than expected, and so is housing. But neither condition has slowed U.S. consumers.
According to the Census Bureau, Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It's an all-time high and another example of the U.S. economy's resiliency.
Wall Street didn't expect such results. As a result, mortgage rates worsened...
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Mortgage Rates Surge On May Retail Sales Figures
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orlando fha loans: Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
- 06/15/11 01:45 AM
Mortgage rates are falling, falling, falling.
On a wave of uncertainty about Greece and its debt; and weaker-than-expected economic data at home, conforming 30-year fixed rate mortgage rates have fallen to levels not seen since December 2, 2010.
Mortgage rates have dropped 8 weeks in a row. Not even last year's Refi Boom produced an 8-week winning streak. This season's streak is....
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Is This The Start Of A Refi Boom? Mortgage Rates Fall For 8 Straight Weeks.
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orlando fha loans: 20 Craft Projects To Spice Up Your Home
- 06/15/11 01:41 AM
If you have a flair for home decoration projects, Better Homes & Garden has some terrific ideas for you on its website.
Titled "Fast and Fabulous Decorating Projects", the lifestyle company offers inspiration for 20 do-it-yourself art projects that can breathe life into old furniture, and add pop to your home.
Published in thumbnail format, the guide is....
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20 Craft Projects To Spice Up Your Home
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orlando fha loans: How Are Mortgage Rates Determined?
- 06/13/11 01:43 AM
Many people believe that interest rates are simply set by lenders, but the reality is that mortgage rates are largely determined by what is known as the Secondary Market.
The secondary market is comprised of investors who buy the loans made by banks, brokers, lenders, etc. and then either hold them for their earnings, or bundle them and sell them to other investors. When the secondary market sells the bundles of mortgages, there are end investors who are willing to pay a certain price for those loans.
That market price of those Mortgage Backed Securities (MBS) is what impacts mortgage rates.
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orlando fha loans: Do You Know What Questions To Ask Your Lender?
- 06/13/11 01:36 AM
A mortgage comes with many moving pieces and understanding them is the key getting a great deal. Unfortunately, studies show that few Americans have a firm grasp of how mortgages work -- from mortgage types to mortgage fees.
In this back-to-basics interview on NBC's The Today Show, you'll learn some mortgage planning basics to help you get smarter with your next home loan in....
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Do You Know What Questions To Ask Your Lender?
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orlando fha loans: Moving To A New City? See How Much Your Cost Of Living Will Change.
- 06/10/11 02:10 AM
It's a fact: It's more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating from Florida and across state lines, the change in "life costs" can be jarring.
Depending on where you live, everyday expenses -- from groceries to gasoline -- make a different-sized dent in....
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Moving To A New City? See How Much Your Cost Of Living Will Change.
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orlando fha loans: Temporary Conforming Loan Limits Expire September 30, 2011
- 06/09/11 01:44 AM
If you live in a high-cost area, keep an eye on your calendar. Effective October 1, 2011, temporary conforming loan limits will be lowered nationwide. Perhaps by as much as 14 percent.
These limits range up to $729,750 currently.
"Temporary loan limits" were enacted as part of the government's 2008 economic stimulus package. At the time, the financial sector was entering its crisis and private mortgage lending had all but disappeared. Financing was scarce for both homeowners and home buyers for whom loan sizes exceeded Fannie Mae and Freddie Mac's national $417,000 limit -- even for....
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orlando fha loans: Case-Shiller Shows Home Values Rolling Back 9 Years
- 06/06/11 02:02 AM
The March Case-Shiller Index was released this week and it corroborates the findings of the government's most recent Home Price Index -- home values are slipping nationwide.
According to the Case-Shiller Index's publisher, Standard & Poors, home values fell in March from the year prior.
The March report was among the worst Case-Shiller Index readings in 3 years. On a...
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Case-Shiller Shows Home Values Rolling Back 9 Years
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orlando fha loans: Making A Rate-Lock Plan Before Friday's Jobs Report
- 06/06/11 01:58 AM
Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for May. If you're floating a mortgage rate right now -- or are in the process of shopping for a loan -- consider locking your rate sooner rather than later.
The Non-Farm Payrolls report can be a major market mover, causing large fluctuations in both conforming and FHA mortgage rates in Lake Mary. It's because of the report's insight into the U.S. economy.
More commonly called "the jobs report", Non-Farm Payrolls is.....
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orlando fha loans: Mortgage Guidelines Start To Loosen At The Country's Biggest Banks
- 06/02/11 01:54 AM
Another quarter, another sign that mortgage lending may be easing nationwide.
The Federal Reserve's quarterly survey of senior loan officers revealed that an overwhelming majority of U.S. banks have stopped tightening mortgage requirements for "prime borrowers".
A prime borrower is one with a well-documented credit history, high credit scores, and a...
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Mortgage Guidelines Start To Loosen At The Country's Biggest Banks
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orlando fha loans: Top Mortgage Terms To Know
- 05/30/11 01:55 AM
While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times throughout the approval and home buying process.
Understanding the "Shop Talk" between the various industry professionals that you've assembled on your team will hopefully give you greater confidence when discussing important topics that may impact your transaction.
Mortgage Related Terms: Amortization Schedule:
A schedule of payments showing the amount applied to the principal and interest through the payoff.
Annual Percentage Rate (APR):
The effective rate of interest that includes loan … (0 comments)
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orlando fha loans: Home Affordability Still Soaring; New Records Reached
- 05/28/11 01:28 AM
Home affordability moved higher last quarter, buoyed by stable mortgage rates and falling home prices in Florida and nationwide. The National Association of Home Builders reports that Q1 2011 Home Opportunity Index reached an all-time high for the second straight quarter last quarter.
Nearly 3 of 4 homes sold between January-March 2011 were affordable to households earning the national median income of $64,400. It's the 9th straight quarter in...
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Home Affordability Still Soaring; New Records Reached
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orlando fha loans: Home Price Index Shows Values Down 19 Percent From Peak
- 05/27/11 01:37 AM
Home values dropped for the sixth straight month in March 2011, according to the Federal Home Finance Agency's Home Price Index. The Home Price Index is a government-sponsored home value tracker.
The HPI report is the latest in a string of "falling home values" stories -- a trend that's troubling home sellers across Lake Mary and nationwide.
However, although the Home Price Index says home values are falling, that doesn't necessarily mean that they are. Like most statistics in the housing sector, the Home Price Index is...
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orlando fha loans: New Home Sales Increase For The Second Straight Month
- 05/27/11 01:32 AM
Sales of newly-built homes surprised Wall Street, jumping 7 percent to an seasonally-adjusted, annualized 323,000 units last month.
In addition, the supply of new homes dropped to 6.5 months — a 2-month decrease from October 2010 and the best reading in a year.
The report runs counter to recent reports from the National Association of Homebuilders and the National Association of REALTORS® which suggest a looming housing slowdown. April's New Home Sales report runs counter to that theory; it shows ongoing, steady, staggered improvement in terms of....
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