montgomery county pa: What You Should Know About Pending Home Sales This Month - 10/28/13 11:17 PM
What You Should Know About Pending Home Sales This Month
 
Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.
The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012.
A spike … (0 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week – October 28, 2013 - 10/28/13 07:57 AM
What’s Ahead For Mortgage Rates This Week – October 28, 2013
 
Federal government agencies issued reports that were delayed by the government shutdown; and Freddie Mac reported that average mortgage rates fell for all types of loans it reports. The National Association of REALTORS issued its Existing Home Sales report on Monday. While 5.30 million home sales were expected an annual basis, September’s reading fell short at 5.29 million sales.
August’s reading was adjusted from an original reading of 5.48 million, which equaled July’s reading. Higher mortgage rates and home prices were cited as contributing to the slip in September’s … (0 comments)

montgomery county pa: Why is NOW the Time to Refinance Your Mortgage? - 10/24/13 01:57 AM
Why is NOW the Time to Refinance Your Mortgage?
 
Refinancing a mortgage is a golden opportunity to lock in today’s low interest rate for the next 15 or 30 years. While interest rates now are still low, there’s a good chance they will be heading up in the coming months.
The Fed won’t maintain the current bond purchasing level forever, and just as rates spiked in September when the Fed hinted the bond purchasing would change, rates will spike even more when purchasing levels actually do change.
As interest rates remain very low for 30-year and 15-year mortgages, homeowners can … (0 comments)

montgomery county pa: The Government Shutdown And Its Effect On Existing Home Sales - 10/21/13 11:28 PM
The Government Shutdown And Its Effect On Existing Home Sales  
Existing home sales for September fell by 1.90 percent from August’s revised reading of 5.39 million sales to 5.29 million sales. Economists had expected 5.30 million sales for September, so a slow-down in existing home sales had been anticipated.
The National Association of REALTORS cited higher home prices and mortgage rates as factors contributing to fewer sales of previously owned homes.
Home Prices Easily Outpaced Income Growth
According to Lawrence Yun, NAR’s chief economist, home prices ”easily outpaced income growth.” Consequently, affordability has fallen to a five-year low. Mr. Yun also indicated … (0 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week – October 21, 2013 - 10/20/13 11:17 PM
What’s Ahead For Mortgage Rates This Week – October 21, 2013  
Many of the economic and housing reports typically scheduled were delayed by the federal government shutdown.
 
The National Association of Homebuilders Wells Fargo Housing Market Index for October was released Wednesday with a reading of 55, lower than the projected 58 and previous month’s revised reading of 57. The original reading for September was 58, which was the highest measure of builder confidence since 2005.
 
NAHB cited concerns over mortgage rates and the federal government shutdown and its consequences as reasons for homebuilder confidence slipping.
 
While … (0 comments)

montgomery county pa: How To Manage Those Fallen Leaves - 10/17/13 11:29 PM
How To Manage Those Fallen Leaves
 
The kids are back in school, the weather is getting cooler and your yard is covered in a layer of fallen leaves. Yep, it’s that time of the year again, but don’t think of fall leaves as a chore. They can be a useful resource for fertilizing your lawn or even decorating your home for autumn.
Finish The Raking
It’s tempting to just let the leaves lie in the yard. It’s good fertilizer anyway, right? Wrong. You should rake everything up as soon as the trees begin to look bare, or else risk the … (0 comments)

montgomery county pa: Nail The Final Walkthrough Before Closing - 10/15/13 12:08 AM
Nail The Final Walkthrough Before Closing By the time you get to the final walkthrough on your property, the home buying process is almost complete. However, it is still important to pay close attention to this final step, as it will be crucial in the success of your home purchase.
The final walkthrough is your last opportunity to ensure that everything in the home is in working order and that there are no potential problems waiting for you when you take over ownership of the property.
While conducting a final walkthrough of the property, give yourself enough time to look carefully … (0 comments)

montgomery county pa: 4 Tips On Giving Your Mudroom A Makeover - 10/10/13 11:37 PM
4 Tips On Giving Your Mudroom A Makeover  
From crunched-up leaves stuck to bottoms of shoes to bulky coats shed as soon as kids walk through the door, mudrooms are ideal for keeping outdoor dirt, wet clothing and outerwear from being strewn throughout your home.
Mudrooms not only keep the rest of your house clean, but they also designate a spot for those last-minute grabs, such as coats, umbrellas and purses, when you’re running out the door.
These rooms are great catchalls. However, an organized mudroom can make your life and those hectic mornings much less stressful. Below are smart … (2 comments)

montgomery county pa: 5 Strategies To Secure Your Home Against A Break In - 10/09/13 11:25 PM
5 Strategies To Secure Your Home Against A Break In  
Having your home broken into is completely violating. Burglars don’t just steal your stuff; they steal your peace of mind. While this is the sort of thing you think will never happen to you, it’s worth the time and effort to make sure you’re not a target.
Below are five strategies to help secure your home against a break-in.
1. Use Landscaping As A Barrier
Purposefully place plants in spots that create a natural barrier to your home. Plant thorny rose bushes in front of bedroom windows and remove overgrown … (1 comments)

montgomery county pa: Tips On Passing Your Home Inspection With Flying Colors - 10/09/13 02:17 AM
Tips On Passing Your Home Inspection With Flying Colors
 
Home inspections are a tense time for everyone. Sellers are fervently hoping that nothing major is wrong with their home that could hold up the transaction.
Buyers are eager to hear that their new house is in prime condition. Whatever the wishes, one thing is for sure; any news from an inspector is usually bad news.
Home inspectors have a tough job. They have to be trained to spot hundreds of potential issues with a home and be knowledgeable of local codes, community restrictions and residential permit parameters.
Stay one step … (0 comments)

montgomery county pa: When Is It A Good Idea To Use A Home Equity Loan? - 10/07/13 11:21 PM
When Is It A Good Idea To Use A Home Equity Loan?  
A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills.
These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases.
It is a … (0 comments)

montgomery county pa: Do Fence Me In! Great Tips on Fencing Your Yard - 10/04/13 12:22 AM
Do Fence Me In! Great Tips on Fencing Your Yard
 
Whether you just got a puppy, have newly mobile children or built a pool, there are a multitude of reasons for wanting to keep people and animals in your yard, while preventing others from entering.
Picking the perfect fence can be difficult, so below we’ve outlined the main fencing materials to choose from and characteristics to consider about each.
Wood
Wood seems to be the most common material used in yards across the country — especially when wanting privacy. Depending on the type of wood you purchase, you’ll probably want … (1 comments)

montgomery county pa: How Does An Interest-Only Mortgage Work? - 10/02/13 01:44 AM
How Does An Interest-Only Mortgage Work?
 
When you have been researching your different options for a mortgage on your home, you might have heard of an “Interest-Only Mortgage”. What exactly does this type of mortgage mean and how does it work?
Usually when you take out a loan, you must pay back the capital debt (the amount you borrowed) and the interest on that debt. An interest-only mortgage offers a cheaper option for purchasing a property, because you will only be making payments on the interest and not the capital.
Compared to a repayment style mortgage where you are paying … (2 comments)

montgomery county pa: 4 Quick Tips On Becoming A Young Real Estate Investor - 09/25/13 11:31 PM
4 Quick Tips On Becoming A Young Real Estate Investor  
Investing in property at a young age seems like a bit of a daunting prospect sometimes. Most young people don’t have a lot of disposable income, often have poor credit and perhaps even student loans.
When you are in your early 20s, you are not likely thinking about investing in property and are probably focusing on other things. However, investing in property at a young age can bring you a lot of advantages.
It requires a different approach and style and you might be the only one of your peers who … (1 comments)

montgomery county pa: Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices - 09/25/13 12:10 AM
Case Shiller Price Index Shows An Annual Growth Rate Of Home Prices Home prices were still gaining in July, but for 15 of 20 cities included the S&P Case-Shiller 10 and 20-city Home Price Indices, the pace of increasing home prices is slowing down. National home prices rose by 1.80 percent in July as compared to 2.20 percent in June.
Home prices grew by 0.60 percent from June to July on a seasonally-adjusted basis. This was the lowest month-to-month gain since September 2012.
David Blitzer, index committee chairman of S&P Dow Jones Indices, said that higher mortgage rates are hitting the … (0 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week — September 23, 2013 - 09/22/13 11:17 PM
What’s Ahead For Mortgage Rates This Week — September 23, 2013  
Last week’s economic news was dominated by the Federal Reserve’s decision not to taper its $85 billion in monthly securities purchases.
Fed Chairman Ben Bernanke noted in a scheduled statement after the Federal Open Market Committee meeting that economic conditions were not yet adequately improved to withstand any decrease in the federal quantitative easing program.
The Fed also reaffirmed that the target federal funds rate would remain at 0.00 to 0.25 percent until the national unemployment rate reached 6.50 percent and inflation reaches 2.00 percent.
The national unemployment rate … (0 comments)

montgomery county pa: Fed Meeting Expose Mortgage Rates As Remaining Historically Low - 09/18/13 11:11 PM
Fed Meeting Expose Mortgage Rates As Remaining Historically Low  
The Federal Open Market Committee of the Federal Reserve decided not to reduce the Fed’s current quantitative easing program of purchasing $85 billion monthly in Treasury securities and mortgage-backed securities.
Going against wide expectations that the Fed would reduce the QE purchases, Fed Chairman Ben Bernanke said that current economic conditions aren’t strong enough to warrant tapering.
The Federal Reserve May Reduce Monthly Securities Purchases
The FOMC, which sets monetary policy for the Federal Reserve has hinted that it might soon reduce the monthly securities purchases, but has also stated that … (0 comments)

montgomery county pa: Home Builder Confidence Has Far Outpaced Actual Home Construction - 09/17/13 11:57 PM
Home Builder Confidence Has Far Outpaced Actual Home Construction  
Home builder confidence was unchanged for September according to the National Association of Home Builders/Wells Fargo Housing Market Index HMI released Tuesday. After four months of rising confidence, September’s HMI reading came in at 58, which was not far from expectations of a reading of 59.
August’s reading of 58 was revised from 59. Readings over 50 indicate that more builders view housing market conditions as being positive than negative.
Housing Market Index Readings Rise
Components of September’s HMI include readings for home builder views of current market conditions, which maintained … (0 comments)

montgomery county pa: Don’t Overlook These Important Factors When Buying A New Home - 09/17/13 12:52 AM
Don’t Overlook These Important Factors When Buying A New Home  
Most of the time when buying a property, there are a few obvious factors that you will consider – such as the location, the number of bedrooms, the accessibility to schools or your workplace, the need for repairs and any interior features. However, there are a few things that might not have crossed your mind during your house hunting but are still quite important.
Water Quality
Most home buyers don’t even think about the water quality at the property until they get to the inspection stage. However, if you find … (1 comments)

montgomery county pa: What’s Ahead For Mortgage Rates This Week – September 16, 2013 - 09/15/13 11:13 PM
What’s Ahead For Mortgage Rates This Week – September 16, 2013  
Last week didn’t feature any housing-related news other than Freddie Mac’s weekly survey of mortgage interest rates.
Reports on consumer credit, job openings and weekly jobless claims suggest that without some relief in the jobs market, Americans may be taking a “wait-and-see” stance toward buying homes.
Consumer Credit Rose By $10.40 Billion In July
The Federal Reserve reported Tuesday that revolving credit fell by an annual rate of 2.60 percent as compared to an annual decrease of 5.20 percent in June. Non-revolving consumer credit such as vehicle and education … (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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