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Central Florida's Weekly Mortgage Rates
20 April 09 08:37 PM | Lee Rosa | (Comments Off)   
As of: Apr 16 th 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 4.82% 4.48% 4.88% 4.91% Average Points: 0.6 0.6 0.6 0.7 Previous Week's Rates Average Rate: 4.87% 4.54% 4.93% 4.83% Average Points: 0.7 0.7 0.7 0.5 Read More...
Loan Modification "The Low Down"
06 March 09 11:36 AM | Lee Rosa | (Comments Off)   
The basic guidelines for MODIFICATIONS at this point: Eligibility and Verification: 1. Loans originated on or before January 1, 2009. 2. First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750. Higher limits allowed Read More...
Buying Central Florida Real Estate Tomorrow?
12 February 09 07:39 PM | Lee Rosa | (Comments Off)   
Anyone considering: purchasing your 1st Home | Moving Up | Selling ... Tomorrow is a big day as the $789 billion economic stimulus package goes to a vote ... This time the "proposal to provide a $15,000 tax credit to homebuyers" was removed, Read More...
Short Sales in Central Florida
09 January 09 02:16 PM | Lee Rosa | (Comments Off)   
Did you know? From January 2004 - January 2006 - 27% of homes purchased had less than 5% as a down payment… 19% with 0% down! 31% of all mortgages issued were to consumers that utilized some sort of alternative lending program. Benefits of Short 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...
This Proposal will Help Stabilize the Housing Market!!!
12 June 08 10:03 AM | Lee Rosa | (Comments Off)   
BUSH ADMINISTRATION RENEWS EFFORT TO ADDRESS RISKY LOANS ON GOVERNMENT-BACKED MORTGAGES Proposal would help stabilize housing market, protect FHA's financial solvency, and reduce foreclosures WASHINGTON- The Bush Administration today renewed its efforts Read More...