home buying: What’s Ahead For Mortgage Rates This Week – April 14th, 2019 - 04/15/19 04:42 PM
Last week’s economic readings included reports on inflation, mortgage rates, and first-time jobless claims. Monthly reporting on consumer sentiment was delayed.
Consumer Price Index: Inflation Rises in March
The Consumer Price Index rose 0.40 percent in March, which matched expectations and surpassed February’s month-to -month reading of 0.20 percent growth. The March reading showed the highest consumer price growth in 14 months; higher rents, fuel and food prices contributed to month-to-month price gains in March.
The Core CPI excludes volatile food and energy sectors and was unchanged in March although 0.20 percent growth was expected. February’s reading showed 0.10 percent growth. Inflation increased 1.90 … (0 comments)

home buying: FOMC Minutes Reveal Fed Policymakers U-Turn - 04/11/19 11:46 AM
Members of the Federal Reserve’s Federal Open Market Committee voted to hold the target range of the federal funds rate to its current range of 2.25 to 2.50 percent. The minutes of the most recent Committee meeting cited softening domestic and global economic conditions as reason for not raising the target federal funds range.
While labor markets remained strong, the minutes noted that household spending and business investment slowed in the first quarter of 2019. FOMC members expected Gross Domestic Product growth to slow as compared to its 2018 pace.
While current inflation and the national unemployment rate fell in line with the … (0 comments)

home buying: 4 Ways To Pay Off My Mortgage Faster - 04/09/19 05:38 PM
For most people, the mortgage payment is the biggest monthly expense. Whether you’re facing retirement or still working, it would be nice to be free of this debt. Although you probably can’t pay it off in one lump sum, it is possible to pay off your mortgage sooner than expected.
Here are four strategies to try.
1. Make Bi-Weekly Payments
You could shave eight years off a 30-year mortgage simply by breaking down your monthly payments into two payments instead of one. You’ll pay the same amount each month while the interest paid over the length of the loan is reduced. 
2. Make Principal-Only Payments
If … (7 comments)

home buying: What’s Ahead For Mortgage Rates This Week – April 8th, 2019 - 04/08/19 10:58 AM
Last week’s economic news included readings on construction spending and inflation; labor sector reports on the national unemployment rate, public and private sector employment were also released. Weekly readings on mortgage rates and new jobless claims were also released.
Construction Spending Rises, Retail Sales Slip
Construction spending expanded by one percent in February according to the Commerce Department spending was one percent higher month-to-month; analysts expected a negative reading of -0.10 percent. February saw a revised gain of 2.50 percent growth in construction spending.
Construction spending grew 1.10 percent year-over-year; by comparison, 2016 construction spending reached 10 percent year-over-year. High demand for homes and lower … (0 comments)

home buying: 11 Simple Ways To Save Money Toward The Purchase Of Your New Home - 04/04/19 12:53 PM
If you find it difficult to make ends meet, these tips will help you save money in ways that are easy to do and create substantial savings over time.
Get rid of stuff you do use or need by having a garage or yard sale or by putting things for sale on eBay or Craigslist.
Make Your Own Coffee
Do you really want to make that billionaire richer by buying coffee for $5+ a cup? Make your own gourmet coffee that costs around 50 cents per cup for the same thing.
Bring Your Own Lunch
Making your lunch the night before to take to work the … (0 comments)

home buying: 3 Pros And Cons Of Renting Or Owning A Home - 04/02/19 03:59 PM
Home ownership is highly valued in our culture. However, buying a home isn’t the best decision for everyone. Examine the differences between owning and renting your home to help you decide if now is the time to buy.
Effect On Flexibility
Renters enjoy more freedom than homeowners. After the leasing period ends, renters are free to walk away and find a new place to live. Homeowners, on the other hand, are at the mercy of the market. Depending on the conditions, owners might have a hard time selling their property quickly. It also takes a lot more paperwork to sell a home than … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – April 1st, 2019 - 04/01/19 07:33 AM
Last week’s economic reports included readings from Case-Shiller on home price growth, Commerce Department readings on housing starts and building permits issued. The Conference Board issued its monthly reading on consumer confidence. Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released.
Case-Shiller Home Price Indices: Price Growth Slows in January
S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand. Affordability concerns sidelined buyers; participation of first-time home buyers remained lower than average.
Case-Shiller’s 20-City Home Price Index charted its third … (1 comments)

home buying: Are Multi-Unit Properties the Right Move for You? - 03/27/19 12:08 PM
Real estate isn’t a one-size-fits-all pursuit. Buying and renting multi-unit properties is one of the ways investors build residual income while increasing their property portfolios. However, multi-unit rentals come with some unique challenges. Are you ready to manage a multi-unit rental property?
Ask yourself these questions to help you decide which path best fits your resources, goals, and interests.
Do You Plan To Live On The Property?
Living in one of your rental units offers a myriad of benefits. First, you get to keep a close eye on building conditions and the actions of your renters. Next, you’ll be able to respond quickly to … (1 comments)

home buying: What Causes Mortgage Interest Rates To Fluctuate? - 03/26/19 04:54 PM
The mortgage interest rate represents the cost of borrowing money to purchase a property. Mortgage interest rates are not fixed; that is, they fluctuate from one period of time to the next.
Many different factors play into what your mortgage interest rate will finally turn out to be. Some of these factors have to deal with the economy and government decisions. Other factors have to do with your personal financial situation.
Finally, mortgage interest rates can differ between lending institutions, which is why you may get different mortgage interest rate quotes from different places.
Economic Factors That Cause Mortgage Interest Rates To Fluctuate
Mortgage interest … (1 comments)

home buying: What’s Ahead For Mortgage Rates This Week – March 25th, 2019 - 03/25/19 01:27 PM
Last week’s economic news included readings from the National Association of Home Builders, Federal Reserve Federal Open Market Committee and a press conference by Fed Chair Jerome Powell.
Sales of pre-owned homes in February were reported along with weekly readings on mortgage rates and new jobless claims.
NAHB: Builder Confidence Unchanged Despite Headwinds
Home builders remained confident about housing market conditions in March. The NAHB Housing Market Index posted a reading of 62, which matched February’s reading and fell one point short of expectations. NAHB Index readings above 50 represent a positive outlook on housing market conditions.
Home builders continued to face obstacles including high … (0 comments)

home buying: 4 Ways To Get Your Home Loan Closed Faster - 03/21/19 01:27 PM
You’ve finally found the perfect home for your family. Now the only thing standing between you and domestic bliss is the loan process. Use these techniques to shorten the amount of time between placing your bid and getting the final approval on your new home mortgage.
Perfect Your Credit Rating
Your credit score is a measure of your financial responsibility. Lenders look closely at your creditworthiness in their attempt to decide your loan’s risk. Before you start shopping, take some time to clean up your credit history.
Some credit habits that help shorten your loan approval period include:
At least one year of on-time … (0 comments)

home buying: 3 Questions to Ask Before You Buy Your First Home - 03/19/19 02:38 PM
Hunting for your new home can be a confusing process. There are countless factors you need to take into account to ensure your new location fits your family’s lifestyle and preferences. In their excitement, first-time home buyers can easily overlook some essential points about their potential property.
When you’re searching for your new residence, ask these questions to get exactly what you’re looking for.
Am I Financially Ready For A New Home Purchase?
It takes more than money to find the right home. Your credit rating is an important factor in your ability to secure enough funding to finance your dream. Check out your … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – March 18th, 2019 - 03/18/19 09:57 AM
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims.
Retail Sales Increase after Lowest Reading in 10 Years
Retail sales rose by 0.20 percent in January; analysts expected an increase of 0.10 percent based on December’s negative revised reading of -1.60 percent. Home centers and internet retailers led in overall sales; retail sales without the automotive sector were higher with an 0.90 percent increase in January, which exceeded expectations of an 0.40 percent increase.
December had a negative reading of –2.10 … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – March 11h, 2019 - 03/11/19 12:51 PM
Last week’s economic news included readings on new home sales, construction spending, and housing starts. Data on building permits was released along with Labor Department reports on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released.
Construction Spending Slows as New Home Sales Rise in December
Commerce Department data for December indicated less construction spending than for November. Construction spending dipped by -o.60 percent as compared to analyst expectations of a negative reading of -0.30 percent. Construction spending grew by 0.90 percent in November.
Lower cash outlays for winter months are typical; … (1 comments)

home buying: 5 Options To Consider When Your Appraisal Comes In Low - 03/08/19 01:39 PM
Yikes! You are set on buying the home that you picked out and the appraisal comes back at a lower amount than the amount needed for the home loan to be approved. What do you do? After you calm down your significant other and then take three deep breaths, here are some options to consider.
Request A New Appraisal
Appraisals are only one person’s professional opinion. There are rules that must be followed when making an appraisal; however, there is still some flexibility in how to apply the rules. Check the comparables (also called “comps”) that the appraiser used as the basis for … (1 comments)

home buying: Looking For A Major Lifestyle Change? Consider Buying A ‘Micro’ Home - 03/06/19 11:49 AM
With the sometimes high cost of buying and maintaining a home and the concept of being sustainable becoming more popular, many people are considering moving to a smaller home to minimize their impact. It’s important, however, to consider what living small is really like before deciding that it’s the right move for you.
If you’re curious about life on a smaller-scale, here are some things to contemplate beforehand.
Getting Rid Of The Excess
It’s just a fact that a smaller amount of space means a smaller amount of stuff, but many people don’t realize this works two ways. While you won’t be able to … (0 comments)

home buying: 5 Key Tips To Prepare For A Quick Mortgage Approval - 03/05/19 07:43 AM
Whether you’re finally prepared to get into the real estate market or you want to know how you can make a deal quick, there are a few necessary documents you’ll need to prove your reliability to a mortgage lender.
Here are the documents you’ll want to have on hand when the time comes.
Previous Tax Returns
In order to ensure the earnings information you’ve provided to the lender, you’ll need to have your tax returns for the two years prior to your mortgage application. In addition, you may also be required to provide your W-2s as backup documentation.
Bank Statements
To make sure you’re a solid … (2 comments)

home buying: Garage Organization Ideas For Your New Home - 02/13/19 10:33 AM
Now that you have a beautiful new home with a garage, the fun of organizing can begin. When your garage is well organized, everything is much easier. You can get home projects finished faster, get out the door quicker and better enjoy all your sporting activities.
Here are some tips to organize your new garage. 
Make Use Of The Walls
A lot of homeowners overlook the wall space when organizing the garage. If your garage has exposed studs, this is actually a benefit in terms of storage space. You can easily create shallow shelves in between the studs using 2 x 4 and shelf … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – February 11th, 2019 - 02/11/19 09:43 AM
Last week’s economic news included Federal Reserve Chair Jerome Powell and weekly readings on mortgage rates and new jobless claims.
Fed Faced with Public Mistrust of Institutions
Federal Reserve Chair Jerome Powel said in a speech to a group of teachers that the Federal Reserve is paddling against a current of public mistrust of the institution. Mr. Powell assured his audience that the Fed was “working in a non-political way” to support the economy.
Mr. Powell said that the Fed was working to earn public trust and said that the Central Bank must be accessible to ordinary Americans and lawmakers. In support of his … (0 comments)

home buying: 3 Green and Gorgeous Trends in Home Design - 02/06/19 02:00 PM
These days, people want energy-efficient homes that look great. To answer the call of passionate environmentalists, developer are rising to the occasion and designing home features that minimize waste, save energy and reuse reclaimed materials. The results are gorgeous, green homes that help move the sustainable living trend forward.
Hidden Solar Panels
Solar panels are a great way to save energy, but not everyone loves the optics. A series of solar panels on the roof may save you money on your utilities, but it can detract from the natural shape of your home. As an alternative, innovative in-roof solar panels are installed level … (0 comments)

Joe Gonzalez, NMLS# 126036 (610) 739-6563 (CrossCountry Mortgage, LLC NMLS #3029) Rainmaker large

Joe Gonzalez

NMLS# 126036 (610) 739-6563

King of Prussia, PA

More about me…

CrossCountry Mortgage, LLC NMLS #3029

Address: 625 W. Ridge Pike, Building C, Suite 100, Conshohocken, PA, 19428

Office: 610.355.8039

Mobile: 610.739.6563

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