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For The 9th Straight Month, Foreclosure Filings Fall

July 20, 2011

For the 9th straight month last month, foreclosure activity slowed. According to tracking firm RealtyTrac, the number of  filings dropped 29 percent nationwide on an annual basis in June. The phrase “foreclosure filing” is a catch-all term, comprising default notices, scheduled auctions, and bank repossessions. June marked the ninth consecutive month of sub-300,000 filings after 20 months […]

Fed Meetings and their impact on consumers

July 18, 2011

The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises and, as such, mortgage rates in Pennsylvania and New Jersey have idled in the hours since. The Fed Minutes is published 8 times annually, three weeks after each scheduled Federal Open Market Committee meeting. It’s the official log […]

Home Improvements BEFORE You Sell?

June 16, 2011

By getting a good understanding of what potential buyers are looking for before you list your home, you will have an advantage over other listings. Lets face the facts; today’s home buyers are LESS WILLING to COMPROMISE! Sellers Temptation: To clean up the yard, de-clutter the house, and put it up on the market without […]

How Does Your Real Estate Tax Bill Compare To Other Parts Of The Country?

April 7, 2011

Mortgage rates may be a function of free markets, but real estate taxes are a function of government. And, depending on where you live, your annual real estate tax bill could be high, low, or practically non-existent. Compiling data from the 2009 American Community Survey, the Tax Foundation, a non-partisan educational organization in Washington D.C., […]

FHA to Increase Monthly Mortgage Insurance Rates

March 5, 2011

For the third time in 12 months, the HUD is changing its mortgage insurance costs. Effective for all FHA case numbers assigned on, or after, April 18, 2011, annual mortgage insurance premiums (MIP) will increase 25 basis points. The change will add $250 to an homeowner’s annual loan costs per $100,000 borrowed, and applies to all […]