Carl Rizzuto's (crizzuto) Blog

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. According to the National Association of REALTORS®, November’s Existing Home Sales rose to a seasonally-adjusted, ...

Fed Minutes Show An Improving U.S. Economy Threatened By The Eurozone The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. The Fed Minutes are a detailed meeting recap; the companion piece to the more brief, more well-known press release. As a c...

Will Home Values Rise This Year?   Will your home gain value over the next 12 months? Nobody can know for sure, of course, but should recent housing trends continue, there’s concrete cause for optimism. The housing economy has suffered since 2007, knocking home values down nearly 20% nationwide. ...

Lock Your Mortgage Rate : New Loan Fees Expected Within Days Starting soon, nearly all home buyers and refinancing households throughout New York and nationwide will pay higher mortgage loan fees. Congress has made it law. 13 months ago, as part of the Tax Relief, Unemployment Insurance Reauthori...

Housing And Mortgage : The Experts Make Their 2012 Predictions As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time. Some expect those trends to continue through th...

Adjustable-Rate Mortgages Are A Relative Bargain Today For buyers and refinancing households throughout New Jersey , adjustable-rate mortgages are a relative bargain as compared to fixed-ones. According to Freddie Mac’s weekly survey of more than 125 banks nationwide, Jupiter mortgage applicants ...

Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move. If you’re floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET. The Non-Farm Payrolls report i...

Friday’s Jobs Report Represents A Big Risk To Low Mortgage Rates Have you been floating a mortgage rate? It may be time to lock. At 8:30 AM ET Friday, the government’s Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Better known as “the jobs report”, the monthly Non...

More Housing Strength : Pending Home Sales Surged In October If you’re waiting for home prices to reach its bottom, you may have missed your window. After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in r...

New Home Supplies Fall To An 18-Month Low If you plan to buy of new construction in Florida sometime in 2012, don’t expect today’s low prices. Like everything in housing of late, the market for newly-built homes appears to be stabilizing and, in some markets, improving. As foreshadowed by this mo...