orlando fha loans: Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen - 02/15/11 07:48 PM
 

If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway.
Tuesday, the Census Bureau released its national January Retail Sales figures and, for the seventh straight month, the data surpassed expectations. Last month's retail figures climbed 0.3 percent as total sales receipts reached an all-time high.
It's good news for the economy which is scratching back after a prolonged recession, but decidedly bad news for people in want of a mortgage across the state of......
 
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Retail Sales Rise For 7th Straight Month; Mortgage Rates Worsen
 
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orlando fha loans: How To Replace And Install A New Kitchen Faucet - 02/14/11 11:19 PM
 
Want to replace your kitchen faucet? It's a job for which you could hire a plumber, or, with just a little bit of craftsman skill, it's a project you could finish yourself.
Watch this video from the Lowe's YouTube channel. You'll get step-by-step instruction on.....
 
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How To Replace And Install A New Kitchen Faucet
 
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orlando fha loans: Mortgage Rates Return To April 2010 Levels - 02/13/11 11:12 PM
 

Mortgage rates are surging.
Over the last 7 days, conventional, 30-year fixed rate mortgage rates have jumped 24 basis points, or 0.24%, according to Freddie Mac's weekly Primary Mortgage Market Survey.
It's the largest 1-week spike in mortgage rates in recent history.
The 30-year fixed rate mortgage now averages 5.05% nationally. This is much, much higher than what we saw last November when mortgage rates were 4.17% and looked headed to the 3s.
That's not the case today. In fact, it's the opposite. 
Mortgage rates have risen quickly and fiercely this....
 
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Mortgage Rates … (1 comments)

orlando fha loans: Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States - 02/10/11 07:32 PM
 

Foreclosure activity is slowing. According to foreclosure-tracker RealtyTrac, the number of foreclosure filings dropped 17 percent on an annual basis last month. Monthly filings ticked higher 1 percent after a combined 23 percent decrease through November and December 2010.
The phrase "foreclosure filing" is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions. 
January marked the third straight month of .......
 
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Foreclosure Activity Drops Throughout The Most Foreclosure-Heavy States
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orlando fha loans: Mortgage Rates Rise For The 7th Straight Day - 02/09/11 10:08 PM
 
Mortgage markets worsened for the 7th straight day Tuesday, equaling the longest losing streak of the last 5 years.
Conventional, 30-year fixed mortgage rates are now scratching 5 percent, with FHA mortgage rates running roughly the same.
This is a huge increase from just 11 weeks ago.....
 
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Mortgage Rates Rise For The 7th Straight Day
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orlando fha loans: Adjustable Rate Mortgages Adjusting To 3.000 Percent Right Now - 02/08/11 05:12 PM
 

If your ARM is due to adjust this spring, your best move may be to allow it. Don't rush to refinance -- your rate may be adjusting lower.
It's because of how adjusted mortgage rates are calculated.
First, let's look at the lifecycle of a conventional, adjustable rate mortgage:
There's a "starter period" of several years in which the interest rate remains fixed. There's an initial adjustment to rate after the starter period. This is called the "first adjustment". There's a subsequent adjustment until the loan's term expires. The adjustment is usually annual. The starter period will vary from … (0 comments)

orlando fha loans: Home Remodeling Projects That You Should Skip - 02/08/11 05:03 PM
 
Home remodeling is back in vogue.
With contractors dropping prices in most U.S. markets, and a resurgence in confidence among homeowners, home remodeling projects are expected to top $125 billion this quarter.
Not all renovations will be "worth it", according to Remodeling Magazine's 2011 Cost vs Value report, but some projects should never be started -- especially when said projects render a.....
 
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Home Remodeling Projects That You Should Skip
 
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orlando fha loans: How Do Mortgage Companies Value A Property That Has Not Been Built Yet? - 02/06/11 08:19 PM
It's obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges.
Appraisals on homes that haven't been built yet generally require the contractor and home buyer to supply more documentation in order to get a more accurate estimate of the property's value.
The main purpose of this article is to give an overview of the appraisal process for a home buyer that is building a home vs purchasing standing inventory.
For some, building … (2 comments)

orlando fha loans: Unemployment Rate Drops To Lowest In 2 Years - 02/04/11 04:01 PM
Americans are getting back to work. Sort of.
This morning, at 8:30 AM ET, the Bureau of Labor Statistics released its Non-Farm Payrolls report for January 2011. More commonly called "the jobs report", the government's data showed a large decrease in the number of working Americans as compared to December, but a sizable drop in.......
 
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Unemployment Rate Drops To Lowest In 2 Years
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orlando fha loans: Mortgage Guidelines Starting To Loosen? - 02/03/11 11:40 PM
 
Mortgage lending appears to be loosening. At least for now.
In its quarterly survey of member banks, the Federal Reserve asks senior loan officers around the country whether their "prime" residential mortgage guidelines had tightened within the last 3 months.
A prime borrower is one with a well-documented credit history, high credit scores, and a.....

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Mortgage Guidelines Starting To Loosen?
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orlando fha loans: Practical Advice : How To Help Your Home Sell Faster - 02/03/11 11:35 PM
 
In December, home sales reached an 8-month high, recovering from the losses of last summer. Market momentum is positive across Florida , but that doesn't mean every home is selling quickly -- only some of them are.
So, if you're a home seller and want (or need) to get your home sold quickly, take a listen to this 3-minute interview from NBC's The Today Show. It's loaded with practical sales advice for ......
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Practical Advice : How To Help Your Home Sell Faster
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orlando fha loans: Pending Home Sales At The Highest Levels Since April 2010 - 02/01/11 03:45 PM
 
Another day, another strong report for housing.
The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®. A "pending home sale" is an existing home under contract to sell, but not yet closed.
Pending Home Sales are up for the fifth time in 6 months. The December reading is now its highest since the federal home buyer tax credit's April 2010 contract deadline, and the figure is......
 
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Pending Home Sales At The Highest Levels Since April 2010
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orlando fha loans: Use An Automatic Stirrer To Keep Foods From Burning And Pots From Scorching - 01/31/11 03:17 PM
 
It doesn't take much effort to stand over a pot and "stir continuously", as called for in some recipes. It can be tedious, though, and once a chef stops stirring or leaves a pot unattended, the recipe is sure to ruin.
Enter the automatic stirrer.
With its self-adjusting, self-centering blades, the Ardenté Gourmet Stirrer latches on to the side of most kitchen bowls, and does that stirring for you. The machine's constant blade-turning protects your.......
 
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Use An Automatic Stirrer To Keep Foods From Burning And Pots From Scorching
 
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orlando fha loans: Should I Refinance or Get a HELOC For Home Improvements? - 01/30/11 10:42 PM
For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance.
According To Wikipedia:
A home equity line of credit is a loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower's equity.
A HELOC differs from a conventional home equity loan in that the borrower is not advanced the entire sum up front, but uses a line of credit to borrow sums that … (1 comments)

orlando fha loans: New Home Sales Reach 8-Month High - 01/28/11 02:31 PM
 
Sales of new homes rose sharply in December, posting a 17.5 percent gain from the month prior.
According to the Department of Housing and Urban Development, New Home Sales climbed to 329,000 in December, besting November by close to 50,000 units on a seasonally-adjusted annual basis.
Last month's reading is an 8-month high for New Home Sales, and the latest in a series of signals that housing is improving in Orlando and around the country.
Note that December's Existing Homes Sales and......
 
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New Home Sales Reach 8-Month High
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orlando fha loans: A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition) - 01/26/11 02:59 PM
 
Today, the Federal Open Market Committee voted 10-to-0 to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent.
In its press release, the FOMC noted that since December's meeting, economic growth is ongoing, but at a pace deemed "insufficient" to make a material impact on the jobs market. In addition, the Fed said household spending "picked up" late last year, although it continues to be held back by joblessness, tight credit and lower housing wealth.
This is similar to the language used in......
 
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A Simple Explanation Of The Federal … (0 comments)

orlando fha loans: The Home Price Index Shows Flat For November - 01/26/11 02:52 PM
 
Home values were reported unchanged in November 2010, on average, according to the Federal Home Finance Agency's Home Price Index. 
We say "on average" because the government's Home Price Index is a data composite for the country. The index doesn't measure citywide changes in places like Orlando , nor does it get granular down to the neighborhood level to measure places like The Crossings.
Instead, the Home Price Index groups state data in 9 regions with each regions having as few as.....
 
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The Home Price Index Shows Flat For November
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orlando fha loans: The Fed Meets Today. What It Means To Mortgage Rates. - 01/26/11 02:40 PM
 
The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It's the group's first meeting of 2011 -- one of 8 scheduled for the year.
The Fed meets every 45 days, on average. Its last meeting was December 14, 2010.
Rate shoppers and home buyers should make a note. Mortgage rates and home affordability could change dramatically beginning tomorrow afternoon.
Because Wall Street watches FOMC meetings closely, so should you. The meetings provide insight on......
 
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The Fed Meets Today. What It Means To Mortgage Rates.
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orlando fha loans: How To Keep Your Granite Countertops From Getting "Cloudy" - 01/24/11 03:06 PM
 
Granite is a popular "finishing choice" for homeowners in Longwood because of its good-looks and its strength. A well-maintained granite counter-top boasts natural beauty and outlasts most other finishes.
But granite is also natural rock, mined from the earth. It's porous and highly absorbent.
Therefore, if your home features granite in its kitchen, its bathrooms, or other living spaces, you'll want to make sure the counter-tops are cared for to prevent staining and/or clouding over time. 
The first step is to.......
 
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How To Keep Your Granite Countertops From Getting "Cloudy"
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orlando fha loans: Understanding the FHA Mortgage Insurance Premium (MIP) - 01/24/11 02:51 PM
The FHA Mortgage Insurance Premium is an important part of every FHA loan.
There are actually two types of Mortgage Insurance Premiums associated with FHA loans:
1.  Up Front Mortgage Insurance Premium (UFMIP) - financed into the total loan amount at the initial time of funding
2.  Monthly Mortgage Insurance Premium - paid monthly along with Principal, Interest, Taxes and Insurance
Conventional loans that are higher than 80% Loan-to-Value also require mortgage insurance, but at a relatively higher rate than FHA Mortgage Insurance Premiums.
Mortgage Insurance is a very important part of.......
 
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Understanding the … (0 comments)

 
Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974 (Chris Brown | Certified Mortgage Planners) Rainmaker large

Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

Chris Brown 407.367.2974

Orlando, FL

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