Friday, July 12, 2013

Buyers beg to get off rate roller coaster

Buyers beg to get off rate roller coaster

Posted in Economics, Housing Recovery, Mortgages | 17 Comments
From CNBC:
Mortgage rates are moving so fast and so dramatically that even reports from barely a week ago seem suddenly outdated.
The average rate on the 30-year fixed conforming loan moved to its highest level in two years last week, according to the Mortgage Bankers Association weekly survey. That had a direct effect on consumers shopping for mortgages. Applications to refinance fell 16 percent and applications to purchase a home dropped 3 percent week-to-week.
That comes one day after another report from Zillow, an online real estate company, showed mortgage rates moving off their highs, although not that far off.
"Last week mortgage rates retreated from a 23-month high as the Fed sought to reassure markets that the wind-down of the stimulus program would be gradual, and contingent upon strong improvement in economic fundamentals," said Erin Lantz, director of Zillow Mortgage Marketplace.
"This coming week, market participants will be focused on Friday's jobs report as an indicator of whether the economic recovery is strong enough to withstand an earlier-than-expected withdrawal of Fed stimulus."

Mortgage rates are up about a full percentage point from where they were at the beginning of May. That translates into about a 15 percent jump in monthly payments for the average home buyer, or 15 percent less purchasing power, depending on how you look at it. That can certainly be make or break for some buyers, especially first-time home buyers who may have been stretching in the first place.

The very recent rate retreat gave back around 15 basis points, but buyers really can't play these small moves, which are largely dependent on investors buying or selling Treasury bonds.
"Although 10-year Treasury yields have come down slightly in recent days, we do not expect the bulk of the increase in mortgage rates to be reversed," said Paul Diggle of Capital Economics. "We've penciled in mortgage rates of 4.5 percent at year end, rising to 5 percent next year and 5.5 percent in 2015."

Delinquencies ease, fewer homeowners underwater

Delinquencies ease, fewer homeowners underwater

Posted in Housing Recovery, Mortgages, National Real Estate | 65 Comments
From HousingWire:
The housing market continues to recover from post-meltdown levels with mortgage delinquencies down 43% from 2010 levels, Lender Processing Services Applied Analytics said Monday.
The number of borrowers who remain underwater – or who owe more on their homes than their current worth – also fell a sharp 47% from Q1 2012 to Q1 2013, LPS said in its Mortgage Monitor Report.
Underwater borrowers now account for 14.7% of all active loans studied by the mortgage analytics platform, LPS explained.
Homeowners carrying high loan-to-value ratios also are on the decline.
In 2011, 17 million homeowners had LTVs greater than 100%.
That figure now sits at 7.3 million mortgages, with borrowers benefitting from rising home prices.

Overall, the loan delinquency rate is hovering at 6.08% down 2.11% from the prior month. The pre-sale foreclosure inventory rate sits at 3.05%, down 3.91%.
"As we've noted before, negative equity appears to still be one of the strongest drivers of new problem loans, and — primarily buoyed by home price increases nationwide — that situation also continues to improve," said Herb Belcher, senior vice president of LPS.

"We looked once again at the number of 'underwater' loans in the U.S., and found that the total share of mortgages with LTVs of greater than 100 percent had declined to just 7.3 million loans as of the end of the first quarter of 2013. This accounts for less than 15 percent of all currently active loans and represents a nearly 50 percent year-over-year decline," he explained.

Wednesday, July 10, 2013

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Thursday, June 20, 2013

Агент по операциям с недвижимостью

Эльвира Израева -
 Агент по операциям с недвижимостью от компании: "Prudential Fox And
Офис:  3620 Atlantic Brigantine Blvd, Brigantine, NJ 08203 ( г. Бригантина,
Нью-Джерси, США )
 Телефон в компании: 1-609-264-8444,
 Сотовый телефон: 1-732-322-9638
 Электронная почта:,

Wednesday, June 19, 2013

South Jersey Homes and Real Estate

Hello South Jersey,

I am a real estate agent in South Jersey.
I know stuff.
Ask me questions about buying a home
or selling your home in South Jersey.
Phone: (732) 322-9638;

Thanks for reading…

Elvira Izrayeva

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Tuesday, June 18, 2013

South Jersey Realtor

South Jersey Realtor

South Jersey Realtor

Elvira Izrayev

Real Estate Agent at Prudential Fox and Roach

Office: 3620 Atlantic Brigantine Blvd, Brigantine, NJ 08203 View Larger Map Phone: 609-264-8444, Cell Phone: 732-322-9638, Email:,

Sell and Buy

Area: Camden, Cherry Hill, Gloucester Township, Vineland, Washington Township, Evesham, Egg Harbor Township, Mount Laurel, Atlantic City, Winslow, Galloway, Monroe, Pennsauken, Willingboro, Deptford, Voorhees, Millville, Pemberton Township, Lacey Township, Hamilton, Bridgeton, Medford, Lower Township, Burlington Township, West Deptford, Moorestown, Pleasantville, Little Egg Harbor.

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