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Central Florida Mortgage Rates 4.23.09
28 April 09 02:52 PM | Lee Rosa | (Comments Off)   
Freddie Mac Average Rates: As of: Apr 23 rd 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 4.80% 4.48% 4.85% 4.82% Average Points: 0.7 0.7 0.6 0.4 Previous Week's Rates Average Rate: 4.82% 4.48% 4.88% 4.91% Average Points: 0.6 0.6 0.6 0.7 Read More...
Rates are as low as they were in 1971...
18 December 08 02:57 PM | Lee Rosa | (Comments Off)   
From the: Thursday, December 18, 2008, 1:23pm EST Mortgage rates fall to 37-year low View Larger Thirty-year fixed-rate mortgages interest rates fell to their lowest level on record, according to Freddie Mac ’s Primary Mortgage Market survey released Read More...
Thinking of Buying a Home???
17 December 08 09:27 AM | Lee Rosa | (Comments Off)   
How much house can I afford? When evaluating how much you can afford for your home and mortgage, lenders usually use two rules of thumb: Your maximum monthly mortgage payment should not exceed 28 percent of your gross (pre-tax) income. Your maximum debt Read More...
Ben Bernanke's Speech
04 December 08 06:15 PM | Lee Rosa | (Comments Off)   
The Future of Mortgage Finance in the United States I appreciate the opportunity to speak at this symposium. My remarks will focus on the mortgage securitization process, how it has been affected by the financial crisis, and how it may evolve in response Read More...
Great Article on Reverse Mortgages ...
03 November 08 12:43 PM | Lee Rosa | (Comments Off)   
This is from an interesting article I read in Kiplinger Magazine ... Reverse Mortgages Get Better New rules allow seniors to borrow more and even buy a new home. By Mary Beth Franklin , Senior Editor, Kiplinger's Personal Finance October 29, 2008 Read More...
102% Financing Available
03 October 08 09:01 AM | Lee Rosa | (Comments Off)   
With JUST RELEASED: 102% Financing via Federal Government – Inquire NOW! Low Credit OK!! Stop Renting and Buy – The Government is practically begging you with their 102% Financing Program.* You will be surprised who qualifies. (*limited time) Read More...
Mortgage Update
29 September 08 03:42 PM | Lee Rosa | (Comments Off)   
Mortgage Rate Snapshot Week of September 29, 2008 For Realtors and Financial Professionals This Week's Rate This Week's APR Increase/ Decrease Last Week's Rate Last Week's APR 30 Yr Fixed FHA 6.00% + 0 6.12% APR Decrease 6.375% + 0 6.495% Read More...
To Pre Pay or Not to Pre Pay - That is the Question
25 September 08 07:28 AM | Lee Rosa | (Comments Off)   
Q: I took a short-term job with a substantial increase in pay and would like to apply the extra money to my mortgage. Is it more beneficial to pay an extra amount each month or should I hold onto the cash and pay a large lump sum each year? And if I make Read More...
Financial News From Tally
24 September 08 09:30 AM | Lee Rosa | (Comments Off)   
I am pleased to report that the Florida Department of Revenue has concurred in FAR’s (Florida Association of Realtors) request for a Technical Assistance Advisement on application of documentary stamp tax to “short sales.” Specifically, Read More...
100% Financing is Almost Over (read this!)
30 July 08 03:36 PM | Lee Rosa | (Comments Off)   
These are the basics on what the Housing Bill (that was recently signed) by President Bush: As of October 1st: seller assisted down payment assistance (Ameridream, Nehemiah etc) will be gone. ALL TRANSACTIONS MUST BE CLOSED BY THE END OF SEPTEMBER On Read More...
Wells Fargo "Renovation" Home Loan
28 July 08 12:01 PM | Lee Rosa | (Comments Off)   
Wells Fargo Streamline 203(K) Puts Buyers In More Homes, More Quickly Have home you are considering that is in need of a few repairs? A purchase a loan that covers the improvements sounds like the right way for you But you know how time-consuming and Read More...
State of the Housing Market (Harvard Report)
26 June 08 08:08 AM | Lee Rosa | (Comments Off)   
The report has a several key findings including: • Market Declines are Steep and Accelerating • Foreclosures • Homeownership Cycles • New Construction • Demographic Drivers • Rental Housing • Challenges • Income Read More...
That Fannie Mae
20 June 08 09:51 PM | Lee Rosa | (Comments Off)   
Free Orlando Home Search - click here Get the Zipskinny - click here My New Homebuyer Book - Get it Here NEW YORK (CNNMoney.com) — Mortgage financer Fannie Mae warned Tuesday that the tumbling home values and loan defaults that have crippled the Read More...
Interest Rates On Their Way Up?
16 June 08 02:51 PM | Lee Rosa | (Comments Off)   
June 12, 2008 Are you considering buying a home ? Read this Article - Printed in Last weeks USA TODAY Rates on 30-year mortgages jumped to the highest level in nearly eight months, reflecting increased concerns about what the Federal Reserve might do Read More...