mortgage rates: What’s Ahead For Mortgage Rates This Week – July 15th, 2019 - 07/15/19 07:12 AM
Last week’s economic releases included reports on inflation, core inflation and minutes from the Federal Open Market Committee Meeting held June 18 and 19. Weekly readings on mortgage rates and first-time jobless claims were also released.
Inflation Rate Rises, but Grows at Lowest Pace in Four Months
June’s Consumer Price Index reported the lowest rate of inflation in four months with a year-over-year rate of 1.60 percent growth as compared to May’s year-over-year inflation rate of 1.80 percent. Fuel prices were lower, which helped balance rising costs of rent, clothing and autos. Analysts said that falling inflation rates would be a primary reason why … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – July 8th, 2019 - 07/08/19 01:39 PM
Last week’s scheduled economic news included readings on construction spending and reports on public and private sector jobs. Monthly readings for public and private sector jobs and the national unemployment rate were released along with weekly reports on mortgage rates and initial jobless claims.
Construction Spending Dips in May
May construction spending fell to a seasonally-adjusted annual rate of 0.80 percent growth at a pace of $1.3 trillion as compared to April’s reading, which was adjusted to 0.40 percent growth after reports of a flat reading. Year-over-year construction spending was 2.30 percent lower in May.  
High materials costs and shortages of workers continued … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – July 1st, 2019 - 07/01/19 07:42 AM
Last week’s economic reports included readings on home prices, sales of pre-owned homes and pending home sales. Weekly readings on mortgage rates and first-time jobless claims were also released.
Case-Shiller Home Price Index: Home Price Growth Slips in April
Case-Shiller reported slower home price growth in April; home prices were 0.20 percent lower at 3.50 percent. Increasing inventories of homes for sale provided buyers with more choices and eased demand, which increased in recent years due to severe shortages of available homes.
Cities on the west coast previously dominated home price growth, but the top three cities with highest home prices reported in April … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – June 24th, 2019 - 06/24/19 11:46 AM
Last week’s economic reports included monthly readings on housing market conditions, housing starts and building permits issued. Sales of pre-owned homes were released; the Federal Reserve announced its decision not to raise its key interest rate range. Weekly reports on mortgage rates and new jobless claims were also released.
NAHB: Home Builder Confidence Slips in June
The National Association of Home Builders Housing Market Index for June showed builder confidence was two points lower at an index reading of 64. Builders surveyed said ongoing concerns such as lot and labor shortages impacted their outlook, but builders were also concerned over the impact of … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – June 17th, 2019 - 06/17/19 06:47 AM
Last week’s economic reports included readings on inflation, retail sales and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.
Consumer Price Index Lower in May as Retail Sales Hold Steady
Last month’s Consumer Price Index, which is a widely-used gauge of inflation, dropped to 0.10 percent in May and matched expectations. April posted month-to-month growth of 0.30 percent. Core inflation, which excludes volatile food and fuel sectors, rose 0.10 percent in May and fell short of expectations of 0.20 percent growth.
April’s Core Consumer Price Index grew by 0.10 percent. Analysts reported a likely slowdown in economic expansion … (0 comments)

mortgage rates: What Is A Reverse Mortgage? - 06/12/19 10:47 AM
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments.
A reverse mortgage may be helpful; however, not everyone qualifies for one. The benefits come with disadvantages as well. Here is a list of the advantages and the disadvantages for reverse mortgages.
Be sure … (0 comments)

mortgage rates: 7 New Home Upgrades that Could Save Your Life - 06/11/19 06:13 AM
One of the best things about moving into a new home is personalizing it and really making it yours. From hanging wall art to arranging furniture to finding the perfect spot for your grandmother’s hand crocheted afghan, it’s a real joy to decorate.
But are you forgetting about the big investment you just made? Consider the following important home upgrades that will protect your home and your family.
1. Smoke Alarm
Take an afternoon and upgrade all your new home’s smoke alarms. Smoke alarms save lives and it’s not worth it to assume that just because it’s there it’s working. 
2. Carbon Monoxide Alarm
Do the … (5 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – June 10th, 2019 - 06/10/19 06:40 AM
Last week’s economic releases included readings on construction spending, public and private sector jobs and national unemployment. Weekly reports on mortgage rates and first-time unemployment claims were also released.
Construction Spending Little Changed in April
Census Bureau readings for April showed a minor dip in construction spending as compared to revised figures for March. $1,295.5 billion was spent on a seasonally-adjusted annual basis and missed the expected reading of $1,314.7 billion.
March construction spending was revised to $1,299.2 billion. Falling mortgage rates were good news for home buyers, but concerns over global economic disputes and higher materials prices concerned home builders.
Mortgage Rates Fall as … (0 comments)

mortgage rates: Case-Shiller: Home Price Growth Slows in March - 05/29/19 01:09 PM
Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.
The 20-City Home Price Index showed Las Vegas, Nevada as having the top year-over-year home price growth rate of 8.20 percent; Phoenix, Arizona had year-over-year home price growth of 6.10 percent. Tampa, Florida had the third highest growth rate for home prices at 5.30 percent. Analysts said that all three cities continue their recoveries from deep home price declines during the … (1 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – May 28th, 2019 - 05/28/19 03:10 PM
Last week’s economic news included readings on sales of new and pre-owned homes; weekly readings on mortgage rates and first-time jobless claims were also released.
Sales of New and Pre-Owned Homes Lower in April
Sales of brand-new homes fell nearly seven percent in April according to Commerce Department reports. Analysts noted that March sales of new homes were revised upward, which contributed to the difference between March and April readings. 673,000 new homes were sold in April on a seasonally adjusted annual basis. Analysts expected a reading of 670,000 sale of new homes; this reading was based on the initial March reading which was later revised … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – May 20th, 2019 - 05/20/19 12:38 PM
Last week’s economic reports included readings from the National Association of Home Builders on housing market conditions, housing starts and building permits issued. Consumer sentiment was reported along with weekly readings on mortgage rates and new jobless claims.
NAHB: Builder Confidence Rises in May, Housing Starts Increase in April
The National Association of Home Builders Housing Market Index posted its highest reading in seven months in May as headwinds facing home construction waned. Lower mortgage rates were a positive sign. May’s reading rose three points to 66; component readings also rose.
The index of builder confidence in current housing market conditions rose three points to … (0 comments)

mortgage rates: NAHB: May Home Builder Confidence Hits Highest Level in 7 Months - 05/16/19 10:56 AM
The National Association of Home Builders reported the highest builder confidence reading in seven months for May. May’s reading exceeded expectations for an index reading of 64 and rose three points to 67.
Component readings for the main NAHB reading were also higher. Builder confidence in current housing market conditions rose three points to 72; confidence in housing market conditions for the next six months rose one point to 72 and the reading for buyer traffic in single-family housing developments rose two points to 49.
Any reading over 50 indicates most builders are positive about housing market conditions, but the reading for buyer … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – May 13th, 2019 - 05/13/19 06:42 AM
Last week’s economic news included readings on job openings and inflation. Weekly reports on mortgage rates and first-time jobless claims were also released.
April Inflation Falls Short of Expectations
The Consumer Price Index for April fell by 0.10 percent to 0.30 percent. Analysts expected a reading of 0.40 percent, which hatched the March reading. The Core Consumer Price Index excludes volatile food and fuel sectors; core inflation grew by 0.10 percent in April, which matched the March reading and fell short of the expected growth rate of 0.20 percent.
The Federal Reserve has set an annual inflation rate of 2.00 percent as a benchmark … (0 comments)

mortgage rates: The Benefits Of Developing A Multi-Use Property - 05/10/19 07:06 AM
Renovations that create a multi-use property or the development of a new multi-use project can be a very attractive investment especially in urban areas that are undergoing redevelopment. The concept of multi-use is to make the most of the site that is revitalized or developed.
Multi-Use Projects
Typical multi-use projects have a mixture of retail space, restaurants, offices, and/or living spaces. They may include parking areas. Large multi-use projects can also become destination locations that are core improvements, which create a momentum for the gentrification of an entire area. Waterfronts, boardwalks, and walking promenades are successful as multi-use projects in many cities.
The advantages … (0 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – April 29th, 2019 - 04/29/19 06:23 AM
Last week’s economic reporting included readings on sales of new and pre-owned homes; weekly reports on mortgage rates and new jobless claims were also released along with a report on consumer sentiment.
Sales of New Homes Hit 16-Month High
The Commerce Department reported that deep discounts offered by home builders boosted sales of new single-family homes to 692,000 sales on a seasonally-adjusted annual basis.
March sales exceeded February’s reading by 4.50 percent and exceeded the expected sales pace of 656,000 sales. The average price of new single family homes fell to $302,700 in March; this was 9.70 percent lower year-over-year.
Real estate pros reported higher … (0 comments)

mortgage rates: 12 Ways to Lower Your Monthly Utility Bills - 04/26/19 06:00 AM
According to the US Department of Energy, the average American household paid $111.67 each month for utilities in 2017. With some research and a few DIY projects, property owners can reduce those energy costs without sacrificing comfort or convenience.
Establish Energy Friendly Habits
Reduce energy waste to see an immediate change in your utility payments.
Before bed, walk around your home. Make sure you turn off all lights, televisions, computers, and other plugged-in devices. In the colder months, close the doors to unused spaces to save big on heating bills. Dial down the heat before bed. Invest in extra blankets and cozy pajamas … (2 comments)

mortgage rates: What’s Ahead For Mortgage Rates This Week – April 22nd, 2019 - 04/22/19 06:44 PM
Last week’s economic news included readings on home builder confidence in housing market conditions and Commerce Department reports on housing starts and building permits issued. Weekly readings on mortgage ratees and first-time jobless claims were also released.
NAHB Housing Market Index: Builder Confidence Rises One Point in April
Home Builder Confidence readings posted by the National Association of Home Builders held steady for April and rose one point overall. Component readings for the NAHB Housing Market Index were mixed; builder confidence in current housing market conditions rose one point to an index reading of 69, but builder confidence in housing market conditions in … (1 comments)

mortgage rates: 4 Ways A Little Paint Can Revitalize Your Home - 04/19/19 08:09 AM
Fixing up your home doesn’t have to be a budget-breaker. You can revitalize the look of your property with a little bit of paint in the right places.
Here are some areas that will really stand out to visitors or prospective home buyers.
1. Front Door
The front door always makes the first impression on visitors to your home. Remember that while they are waiting to enter your home, potential buyers have nothing to do except get a good look at your front door. For maximum impact, paint the front door a contrasting color to your house color. If budget allows, add a new … (4 comments)

mortgage rates: NAHB: Home Builder Confidence Rises in April - 04/18/19 12:05 PM
Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.
November’s builder confidence reading was the lowest since housing markets tanked in 2008, Builder confidence recovered over the past few months despite headwinds including higher materials costs and shortages of labor and buildable lots.
Home Builder Confidence Holds Steady Despite Headwinds
NAHB Housing Market Index readings over 50 indicate that most home … (0 comments)

mortgage rates: Home Maintenance Tips: How to Organize Your Garage - 04/16/19 01:36 PM
Perhaps you plan to sell your home in the next few months or years. Keeping your garage organized can save time and ensure that you have storage space when you need it most.
Get Your Purge On!
Clear out the garage and separate items into categories: keep, trash, donate and recycle. If you get rid of 50 percent of your stuff, you’re doing great. The more you can get rid of up front, the less you have to organize! And if you haven’t used it in years, why would you need to keep it around?
Create Zones
Map out space with masking tape, starting 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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