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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...
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...
Central Florida FHA Loan Limits
20 March 09 04:19 PM | Lee Rosa | (Comments Off)   
Just last week FHA released its Loan Limits to the Central Florida Area: 353,750 What this means: With only 3.5% down you can get an FHA loan up to 353,750 in Central Florida. With the USDA you can get homes for $0 Down. USDA loans are Area or Property Read More...
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Who will push Orlando out of Recession?
19 March 09 07:24 AM | Lee Rosa | (Comments Off)   
Calling expired listings daily allows my business to take an inside track on the in's and out's of our Central Florida Real Estate Market. A few days ago, I read an article that mirrored my notes from calling: A drop in driver's license applications Read More...
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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...
Central Florida Real Estate Mortgage Rates
02 March 09 07:53 PM | Lee Rosa | (Comments Off)   
Freddie Mac Average Rates: As of: Feb 26 th 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 5.07% 4.68% 5.06% 4.81% Average Points: 0.7 0.6 0.7 0.6 Previous Week's Rates Average Rate: 5.04% 4.68% 5.04% 4.80% Average Points: 0.7 0.6 0.6 0.5 Read More...
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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...
Central Florida Real Estate's Freddie Mac's Interest Rates
09 February 09 09:05 PM | Lee Rosa | (Comments Off)   
If you are qurious about what this means to you, do not hessitate to contact us - 407.227.9182. Freddie Mac Average Rates: As of: Jan 26 th 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 5.25% 4.92% 5.26% 4.92% Average Points: 0.8 0.8 0.6 0.5 Read More...
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Have we hit the Bottom of the Market?
26 January 09 06:55 PM | Lee Rosa | (Comments Off)   
As of: Jan 26 th 30 yr Fixed 15 yr Fixed 5/1 ARM 1 yr ARM Average Rate: 5.12% 4.80% 5.24% 4.92% Average Points: 0.7 0.7 0.6 0.7 Previous Week's Rates Average Rate: 4.96% 4.65% 5.25% 4.89% Average Points: 0.7 0.7 0.6 0.5 The rise in the interest rate Read More...
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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...
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...
The Rise of the Black Market
16 December 08 03:22 PM | Lee Rosa | (Comments Off)   
As Always - When I find an article I will post it ... just for you ... my readers! Source: http://www.newsweek.com/id/173398 Discount retailer Forever 21 announced earlier this fall that the account details for 98,930 credit and debit cards had been stolen. Read More...
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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...
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