Carl Rizzuto's (crizzuto) Blog

The Fed Meets Today : Protecting Your Housing Payment The Federal Open Market Committee meets today, its second of 8 scheduled meetings this year. As a home buyer or would-be refinancing household in Jonathans Landing , get ready for changing mortgage rates. The Federal Open Market Committee is t...

FHA Drops Upfront Mortgage Insurance Premium To 0.01% For Qualified Borrowers The FHA is making more changes to its flagship FHA Streamline Refinance program. Beginning mid-June 2012, certain current, FHA-backed homeowners will be able to refinance their existing FHA mortgage into a new one, with...

Mortgage Rates Expected To Rise On A Strong Job Report With home affordability at an all-time high, buoyed by the lowest mortgage rates ever, it’s been a terrific time to buy or refinance a home using a mortgage. The good times may not last, though, so today marks an ideal time to lock a mortgage...

Home Affordability Reaches An All-Time High Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout New York and the country. According to the National Association of Home Builders, the quar...

Case-Shiller Index Shows Home Values Rising In Detroit Standard & Poors released its December 2011 Case-Shiller Index this week. The report is the most widely-cited, private-sector metric for the housing market. The index aims to measures change in home prices from month-to-month, and from year-t...

Pending Home Sales Rise To 22-Month High The housing market appears headed for a strong spring season. After a brief setback in December, the Pending Home Sales Index resumed its climb in January, posting a 2 percent gain over the month prior. The data puts pressure on Jupiter home buyers. This i...

Federal Reserve Wary Of European Spillover The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012. The Fed Minutes is a summary of the conversations and debates that shape our nation’s monetary policy. It receives less attention than the Fed’s more well-known, pos...

Existing Home Sales Climb To A 20-Month Record January’s home resales moved to a 20-month high — additional evidence that the nation’s housing recovery is underway. According to the National Association of REALTORS®, the January 2012 Existing Home Sales showed 4.57 million units sold last month o...