Carl Rizzuto's (crizzuto) Blog

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Real Estate Agent - Keller Williams Realty

ARCHIVED BLOG POSTS

2010 

Fed Minutes Help Push Mortgage Rates To 4-Month High   The Federal Reserve released its November 2-3, 2010 meeting minutes Tuesday afternoon. Mortgage rates in New Jersey have been on the move since. The Fed Minutes is a comprehensive review of Federal Open Market Committee meetings; a detailed l...
11/29/2010
Home Safety Tip : How To Install And Test A Smoke Detector   According to the United States Fire Administration, in 2008, there were an estimated 378,200 in-home fires. Combined, these fires caused $8 billion in property damage and killed 2,600 people. Unfortunately, many of affected homes did ha...
11/22/2010
Mortgage Rates Still Rising. Is This The End Of The Refi Boom?   Rock-bottom mortgage rates may be gone for good.  This week's Freddie Mac Primary Mortgage Market Survey shows in numbers what New York rate shoppers have learned the hard way - mortgage rates are spiking. During the 7-day period en...
11/19/2010
Homebuilders Expect A Surge In New Home Sales   Homebuilder confidence is higher for the third straight month this month. According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boos...
11/17/2010
Fed Survey : Mortgage Guidelines Tighten Further, Freeze Out Would-Be Refinancers   It's getting tougher to get approved for a mortgage. Still. In its quarterly survey of senior loan officers around the country, the Federal Reserve asked whether "prime" residential mortgage guidelines" have tight...
11/15/2010
October 2010 : 5 States Account For Half Of The Nation's Foreclosure Activity   According to October data from foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 20th straight month last month as 1 in every 389 U.S. homes received a foreclosure filing. The generic te...
11/12/2010
Pending Home Sales Slip In September, Suggesting A Buyer's Market Until January   After 3 straight months of improvement, the Pending Home Sales Index slid lower in September. As compared to August, September's reading fell 2 percent. A "pending home sale" is a home under contract to sell, but no...
11/10/2010
Today's Jobs Report Will Keep Mortgage Rates Highly Volatile   Mortgage rates have been falling since April, shedding more than 1 percentage point since the Refi Boom began. Today, that momentum could lose some steam. The Bureau of Labor Statistics releases the October jobs report at 8:30 A.M. ET...
11/05/2010
Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon   The Federal Reserve ends a scheduled, 2-day meeting today. It's the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. The Fed held an unscheduled meeting May 9, 2010. When today's meeting adjourns, F...
11/03/2010
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Carl Rizzuto

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