Michael LaFido's (sellmorerealestatetoday) Blog

FHA Mortgage Insurance Premiums Approved To Triple In Cost Starting sometime later this year, the monthly cost to carry an FHA-insured mortgage is expected to rise. In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charg...

Bank Reposessions Reach Record Levels For The Second Straight Month According to foreclosure-tracking firm RealtyTrac.com, bank repossessions reached record levels for the second straight month in May, topping 93,000 properties nationwide. As compared to May 2009, all 50 states now show an incre...

Fannie Mae's Loan Quality Initiative : Repulling Your Credit Just Before Closing A new loan quality initiative from Fannie Mae is making it harder for home buyers and refinancing homeowners everywhere to close on a mortgage. Beginning June 1, 2010, with all new applications, Fannie Mae wants len...

How To Mount And Install Carbon Monoxide Detectors In Your Home Carbon monoxide (CO) is an odorless, colorless gas found in combustion fumes, stoves, gas ranges and heating systems.  It's poisonous to humans because carbon monoxide binds to red blood cells, preventing the flow of oxygen through ...

Pending Home Sales Data Shows "Great Deals On Homes" Are Getting Harder To Find   The Pending Home Sales Index shot higher in April as low mortgage rates and a soon-to-expire federal tax credit spurred home buying across the county. A "pending home sale" is a home that's under contract to sell b...

Consumer Confidence Hints At Higher Home Prices And Higher Mortgage Rates, Too   The Consumer Confidence Index is rising, a potentially double-edged sword for Americans, in general. According to The Conference Board, economic confidence is as high as it's been since August 2007 -- 4 months befor...

How To Replace Your New Home's Deadbolt Locks After moving into a new home , you should immediately replace its deadbolt locks.  It's not just the home's former residents that have the key, after all, but so might a relative, a friend, a neighbor, a dog-walker, and others. You may call a locksmi...