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Banks Resume Tightening Mortgage Guidelines

Posted on November 10, 2011 by joeglez

After a 2-year easing cycle, the nation’s biggest banks report that they’ve reversed course, and are raising the bar on mortgage approvals.

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Posted in Mortgage Guidelines | Tags: Federal Reserve, Prime Mortgages, Senior Loan Officer Survey |

This Holiday Season, Think Twice Before Saving 15 Percent At The Register

Posted on November 9, 2011 by joeglez

With Halloween behind us, retailers are in the Holiday Spirit. Businesses know that consumers spent a median $556 on holiday gifts last year and they want this year to be just as strong.

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Posted in Personal Finance | Tags: Consumer Reports, FICO, Shopping |

Tips For Maximizing Your Home’s Appraised Value

Posted on November 8, 2011 by joeglez

With home appraisals, every valuation dollar can matter. With that in mind, here are a few tips for maximizing your home’s appraised value.

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Posted in Personal Finance | Tags: Appraisal, Appraiser, Sales Comparison |

What’s Ahead For Mortgage Rates This Week : November 7, 2011

Posted on November 7, 2011 by joeglez

Mortgage markets improved last week as optimism for a Greek Bailout program faded. Rates are back near their lowest levels of the year.

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Posted in Mortgage Rates | Tags: Discount Points, Greece, Jobs |

The Most Expensive ZIP Codes In The Country (2011 Edition)

Posted on November 4, 2011 by joeglez

Using data compiled by real estate market data firm Altos Research, Forbes Magazine presents America’s 10 most expensive ZIP codes. California and the New York Metro area dominate the list.

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Posted in Statistics | Tags: Altos Research, Forbes, ZIP Codes |

4 Reasons NOT to Refinance

Posted on November 3, 2011 by joeglez

Mortgage rates are at historic lows & the refi calls continue to come in. However I find myself recommending to not refinance to many clients. Huh?! Yes you heard right! The loan officer (me), who earns a living ONLY when you refinance (commission paid sales person) is telling clients to not pay me! The what-choo-talkin’-bout-Willis look is currently on your face. Allow me to explain. Ask yourself the

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Posted in Refinancing |

A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition)

Posted on November 2, 2011 by joeglez

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

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Posted in Federal Reserve | Tags: Fed Funds Rate, FOMC, Operation Twist |

More Risk To Home Affordability : Friday’s Jobs Report

Posted on November 2, 2011 by joeglez

Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release. Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage.

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Posted in The Economy | Tags: Jobs Report, Non-Farm Payrolls, Unemployment Rate |

Make Your Mortgage Rate Strategy : The Federal Reserve Starts A 2-Day Meeting

Posted on November 1, 2011 by joeglez

The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall.

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Posted in Federal Reserve | Tags: Fed Funds Rate, FOMC, Operation Twist |

Why Rent? Fixed FHA Mortgages at only 3.75% (5.092 APR)! King of Prussia, Plymouth Meeting, Phoenixville

Posted on October 31, 2011 by joeglez

Why Rent? Fixed FHA Mortgages at only 3.75% (5.092 APR)! King of Prussia, Plymouth Meeting, Phoenixville   Why haven’t you bought a home yet? Is a 20% down payment keeping you from buying a home? Have you rented for a long time & just aren’t sure? Are you a long time renter in the market to buy? Living in the King of Prussia, Plymouth Meeting, Phoenixville or the

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Posted in Buying a home |

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