Carl Rizzuto's (crizzuto) Blog

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Real Estate Agent - Keller Williams Realty

ARCHIVED BLOG POSTS

2010 

Home Affordability Rankings For 225 Metropolitan Statistical Areas   With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights. According to the quarterly Home Opportunity Index as published by the National Association of Home Builders, more than ...
08/30/2010
New Home Sales Drop In July - Just Like Existing Home Sales   One day after the National Association of Realtors released the softest Existing Home Sales report since 1995, the U.S. Census Bureau released a similarly-weak New Home Sales report. Americans bought just 276,000 newly-built homes in J...
08/26/2010
Existing Home Sales Plummet In July; Home Buyers Gain Leverage   The number of home resales plunged by 1.4 million units in July, according to the National Association of Realtors®' Existing Home Sales report. It's a drop of 27 percent from June; single-family home resales are at the report's low...
08/25/2010
How Much Should You Expect To Pay In Mortgage Closing Costs?   How much does a mortgage cost? The answer depends on where you live. But no matter which your locale, chances are strong that you'll pay more for a mortgage in 2010 as compared to 2009. According to Bankrate.com and its annual Closing...
08/23/2010
Mortgage Rates Make New Lows For The 9th Week In A Row   Another week, another new low for conforming mortgage rates.  In fact, this week marks the 9th time in a row it's happened. Mortgage rates are (again) at their lowest levels in history. The data comes from the Freddie Mac, a government grou...
08/20/2010
Higher (And Lower) FHA Mortgage Insurance Premiums Start October 4, 2010   For the second time this year, the FHA is modifying mortgage insurance. Beginning with FHA case numbers issued on or after October 4, 2010, the FHA is changing its upfront and annual mortgage insurance premium structure. U...
08/16/2010
How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.   Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. A foreclosure filing is defined as ...
08/12/2010
Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)   Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.  The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0...
08/11/2010
Nervous About Mortgage Rates Rising? Lock Thursday - Ahead Of Friday's Jobs Report   Mortgage rates have been falling since April but that momentum could reverse tomorrow. The Bureau of Labor Statistics releases the July jobs report at 8:30 A.M. ET Friday. With a stronger-than-expected reading, m...
08/06/2010
As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs   The Pending Home Sales Index failed to rebound from a cliff-dive in May, falling by another 3 percent more in June.  The index remains at record-low levels. A "pending home sale" is a home under contract to sell, but not yet cl...
08/04/2010
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Carl Rizzuto

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