montgomery county pa: What's Ahead For Mortgage Rates This Week - July 1, 2013 - 06/30/13 11:28 PM
What's Ahead For Mortgage Rates This Week - July 1, 2013
 
The past week was active for economic news and mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs.
If you're thinking of buying a home, this may be one last chance for finding the best deal on mortgage rates; meanwhile, home prices continue trending up as well.
Here's the scoop on last week's activity affecting real estate markets:
Tuesday's Case-Shiller Composite Indices for April demonstrate the … (0 comments)

montgomery county pa: 5 Important Tips To Help Smooth Your Move When You Have Teens In The Home - 06/27/13 01:05 AM
5 Important Tips To Help Smooth Your Move When You Have Teens In The Home
 
You've got a new job offer across the country and you are planning to pack your things, buy a home and make the big move.
However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?
Moving is a difficult transition and it is often even more traumatic … (0 comments)

montgomery county pa: Home Prices Highest Monthly Gains Since Case Shiller Index Inception - 06/26/13 12:49 AM
Home Prices Highest Monthly Gains Since Case Shiller Index Inception
 
The S&P Case-Shiller Home Price Indices for April indicate that the housing recovery gained ground.
In April 2013 average home prices tracked in the Case-Shiller 10 and 20-city Composites increased by 11.60 and 12.10 percent year-over-year. On a month-to-month basis, the Composites increased by 2.60 and 2.50 percent respectively.
According to David M. Blitzer, Chairman of the S&P Dow Jones Indices' Index Committee, the 10-and 20- City Composites experienced their largest month- to- month gains since their inception: "Thirteen cities posted month- to-month gains of two percent or more, with … (0 comments)

montgomery county pa: 3 Clever But Simple Ways To Get Your Home Mortgage Paid Faster - 06/24/13 11:48 PM
3 Clever But Simple Ways To Get Your Home Mortgage Paid Faster
 
Paying off the mortgage on your home faster means that you will not only have the satisfaction of owning your own home sooner, you will also have the benefit of paying much less in interest over the years.
The faster you pay off your mortgage, the more money you can save, so here are some tips to accelerate your payment schedule.
Pay Your Mortgage Every Other Week (Bi-Weekly)
Did you know that if you take your monthly mortgage payment and divide it in half and then pay it … (0 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week - June 24, 2013 - 06/24/13 12:08 AM
What's Ahead For Mortgage Rates This Week - June 24, 2013
 
Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing its $85 billion monthly purchase of Treasury securities and MBS toward the end of this year.
The chairman made it clear that any decision concerning QE would be based on careful review of current and developing economic conditions. QE is intended to keep long-term interest rates low; any reduction of … (0 comments)

montgomery county pa: FOMC Holds Steady With Mortgage Backed Security Investment - 06/21/13 02:00 AM
FOMC Holds Steady With Mortgage Backed Security Investment
 
The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly.
Objectives for the QE program include:
Keeping long term interest rates, including mortgage rates, low Supporting mortgage markets Easing broader financial conditions FOMC repeated its position of evaluating QE policy based on inflation, the unemployment rate and economic developments.
Members of the FOMC determined that keeping the federal funds rate … (0 comments)

montgomery county pa: Home Builder Confidence Jumps By Widest Margin Since 2002 - 06/19/13 01:42 AM
Home Builder Confidence Jumps By Widest Margin Since 2002
 
U.S. housing markets are gaining as demand for homes exceeds available supplies in many areas. The National Association of Home Builders/ Wells Fargo Housing Market Index (HMI) for June increased by eight points over May's reading to achieve a positive reading of 52. This last happened in August-September of 2002, when HMI monthly readings also jumped by eight points.
Any reading over 50 indicates that more builders consider housing market conditions positive than negative. June's reading was the first time the HMI reading surpassed a reading of 50 since April 2006.
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montgomery county pa: What's Ahead For Mortgage Rates This Week - June 17, 2013 - 06/16/13 11:36 PM
What's Ahead For Mortgage Rates This Week - June 17, 2013
 
Last week's news was relatively quiet with no data significant to the mortgage lending released until Wednesday, when the federal government announced a $138 billion budget deficit for May.
According to the U.S. Treasury this figure is 11 percent higher than for May of 2012, but the federal budget is expected to come in with less than a -$1 trillion deficit for the 2013 fiscal year, which runs from October to September.
The Treasury estimates that the 2013 budget deficit will come in at approximately -$642 billion, well below … (1 comments)

montgomery county pa: Make Your Home A Movie Star! How To Rent Out Your Property As A Film Location - 06/14/13 07:08 AM
Make Your Home A Movie Star! How To Rent Out Your Property As A Film Location
 
Whenever a scene in a film or television show takes place in a private home, have you ever thought about who owns that property? Well, it could be you!
The fact is that film and television production companies are always on the lookout for new locations where they can shoot their footage. If you advertise your property in the right way, your home could have its 15 minutes of fame as the set for a film or a television show episode.
Many production companies … (0 comments)

montgomery county pa: Why It's Critically Important To Have A Home Inspection - 06/12/13 11:13 PM
Why It's Critically Important To Have A Home Inspection
 
Many home buyers have found the perfect house, signed on the dotted line and may think they've watched enough home improvement shows to know if the home they're getting is in good shape. Unfortunately, some buyers make the mistake of skipping a home inspection in order to save a little cash.
Even if a home has already stolen your heart and you're ready to pay for it as-is, you need to bite the bullet and hire a home inspector to let you know what repairs and financial repercussions await you.
Why … (1 comments)

montgomery county pa: Homeowners -- Are You Making These Mistakes Planning Next Year's Taxes? - 06/12/13 02:08 AM
Homeowners -- Are You Making These Mistakes Planning Next Year's Taxes?
 
 
Filing your taxes can be a complicated and confusing process. If you are a home owner you may have many different home tax deductions and credits to consider.
Since we recently passed the filing date for 2012 taxes, it may be a good time to plan for next year and get your tax tracking systems in place. Check carefully to make sure that you are not making any of these common homeowner tax mistakes – which could cost you money or get you in trouble with the IRS.
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montgomery county pa: Increasing May Jobs Report Shows Strengthening Economy - 06/10/13 11:03 PM
Increasing May Jobs Report Shows Strengthening Economy
 
The U.S. Department of Labor released its Non-Farm Payrolls and National Unemployment Rate reports Friday showing 175,000 jobs were added in May, which surpassed expectations of 164,000 new jobs and April's reading of 149,000 jobs added. The jobs added in May were largely from the private sector.
However, the national unemployment rate for May was 7.60 percent, one-tenth of a percent higher than expectations and the April reading of 7.50 percent. The rise was attributed to more people entering the workforce as opposed to people losing jobs.
420,000 workers joined the workforce in … (0 comments)

montgomery county pa: What's Ahead For Mortgage Rates This Week -- June 10, 2013 - 06/09/13 11:57 PM
What's Ahead For Mortgage Rates This Week -- June 10, 2013
 
Last week's economic reports provided a mixed bag of results. On Monday, the Department of Commerce reported that construction spending increased by 0.40 percent in April and fell shy of the expected reading of 1.0 percent, but exceeded the March reading of -0.80 percent.
Home Prices Increase Fastest Since 2006
On Tuesday, CoreLogic released its Home Prices reported that the national average home price had increased by 12.10 percent year-over-year in April. The comparable year-over-year reading for April 2012 was 11.00 percent. This represents the fastest pace of home … (0 comments)

montgomery county pa: What Does The Future Hold For The Security System In Your Home? - 06/07/13 01:07 AM
What Does The Future Hold For The Security System In Your Home?
 
Imagine walking into your home and turning off the alarm, locking your doors, opening the windows and starting your coffee maker, all with a few taps of your finger on your smart phone?
What if you had a home security camera that you could monitor from anywhere and a motion sensor that would send you an email when your kids come home from school? What if you could open your blinds or unlock your home for a visitor, even from halfway around the world?
The technology that powers … (0 comments)

montgomery county pa: Four Important Home Maintenance Tips Everyone Should Know - 06/05/13 11:56 PM
Four Important Home Maintenance Tips Everyone Should Know
 
One of the important aspects of owning a home is having the knowledge of how to keep it maintained to avoid costly repairs and serious damage. Over the years weather and use will wear down both the interior and exterior of your property.
If you are able to practice preventative care on your home, then you will prolong the life of all of its systems and components. At least every six months or so, you should be performing an inspection of your property so that you can ensure that it is still … (0 comments)

montgomery county pa: 3 Critical Tips To Improve Your Credit Score And Mortgage Terms - 06/05/13 12:05 AM
3 Critical Tips To Improve Your Credit Score And Mortgage Terms
 
When you are looking for a mortgage for your home, your credit score is very important. Any potential lender will check your score and will use the number to assess your creditworthiness and the interest rate that they offer you.
The better your credit score the lower the mortgage interest rates will be available to you, as the lender will be able to see that you can handle credit well.
However, if you have a very bad credit score, it could be causing you to be offered high interest … (1 comments)

montgomery county pa: 6 Ceiling Solutions To Update Your Home - 06/03/13 11:34 PM
6 Ceiling Solutions To Update Your Home
 
If you're absolutely sick of looking at the popcorn ceiling of your 1980's home - it's time for a change.
However, behind the facade of a ceiling is a mess of plumbing, wiring, joists and structural beams, so you have to be careful and creative when updating your home.
Whether you're dealing with an older home, a tricky duct system or an unfinished basement, below are several ceiling solutions to brighten up the space above your head.
Bring Back Wood Paneling
The 70's are making a comeback. If you have a flat or … (1 comments)

montgomery county pa: 5 Super Spring Decorating Ideas To Spruce Up Your Home - 05/31/13 05:55 AM
5 Super Spring Decorating Ideas To Spruce Up Your Home
 
With spring just around the corner, now is a good time to begin decorating your home for the upcoming season.
Whether you enjoy chic decorations that are budget-friendly or easy changes to create a fresh look, below are five quick ideas to brighten up your home for the season.
Add a Pop of Color
Spring is a good time to add color to your décor. Switch your tablecloth in the dining room for one with lighter colors.
Cover decorative pillows with pastel pillowcases to lighten a room.
Adding decorative centerpieces … (0 comments)

montgomery county pa: Case-Shiller Reports Energetic Annual Home Price Gains Nationally - 05/30/13 09:29 AM
Case-Shiller Reports Energetic Annual Home Price Gains Nationally
 
The most recent S&P/Case-Shiller Index showed all three composites posting double-digit increases over the last four quarters.  The national composite, which is the broadest based index, showed an increase of 10.2% annually. The 20-City composite posted even stronger annual growth at 10.9%.
Click Here To Download The Full Report
The Case-Shiller Index measures changes in home prices by tracking same-home sales using 10-City, 20-City and national housing markets; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller Index methodology and data is for closed purchase … (0 comments)

montgomery county pa: Simple Ideas To Create An Outdoor Living Space For Your Home - 05/29/13 11:01 PM
Simple Ideas To Create An Outdoor Living Space For Your Home
 
As the weather gets warmer, the desire to get outside and enjoy the fresh air begins to take hold. Having a place to entertain or just unwind can add a new dimension and enjoyment to your home.
First, you have to decide what type of space you want to create. Whether you want to have an outdoor living room, a vacation-like spot or a place to meditate and enjoy nature, how you extend your living space is limited only by your imagination — and possibly your budget.
Start with … (2 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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