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)

mortgage rates: 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)

mortgage rates: 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)

mortgage rates: Staging Your Home: Here Are Your Self-Storage Options - 04/10/19 12:08 PM
If you’re staging your home to sell, you may find yourself with more stuff than space. Rather than selling possessions that you’d rather not part with, you can put your things into short-term storage until your home sells and you’re able to move.
Here are some options you have when choosing and using a self storage unit.
Climate Controlled Or Not
Climate controlled units are located inside buildings. They could be compared to an apartment building, except instead of housing people, these storage buildings house belongings. Inside, they are powered with electricity and a temperature control that is temperate.
The advantage of a climate controlled … (0 comments)

mortgage rates: 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)

mortgage rates: 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)

mortgage rates: 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)

mortgage rates: 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)

mortgage rates: Case-Shiller Home Price Growth Slower in January - 03/28/19 01:53 PM
Home price indices issued by S&P Case-Shiller showed further slowing in home price growth in January. The national home price index showed 4.30 percent home price growth for the three months ended in January. Analysts expected home prices to grow 4.20 percent for the same period in cities surveyed by Case-Shiller. More cities reported declines in home prices than those that posted gains in home prices.
The top cities posting year-over-year home price gains in the 20-City Home Price Index were Las Vegas, Nevada with 10.50 percent growth; Phoenix, Arizona posted a year-over-year home price gain of 7.50 percent. Three cities tied … (0 comments)

mortgage rates: 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)

mortgage rates: 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)

Joe Gonzalez, NMLS# 134407 (610) 739-6563 (GMH Mortgage Services LLC) Rainmaker large

Joe Gonzalez

NMLS# 134407 (610) 739-6563

King of Prussia, PA

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GMH Mortgage Services LLC

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

Office: 610.355.8039

Mobile: 610.739.6563

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