| Vanderhoff Real Estate's North Fulton Blog
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Tuesday, November 23, 2010
What's Ahead For Mortgage Rates This Week November 22nd, 2010
 Mortgage markets worsened last week as the U.S. dollar gave up ground in currency markets, and inflation concerns mounted. In response to the events, conforming mortgage rates rose for the third straight week. Mortgage rates have now climbed by as much as half-percent since the start of the month, and Freddie Mac reports average loan fees to be higher, too. The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago. The abrupt change in rates makes for an interesting study in expectations, and how they can influence a market. Remember, inflation is bad for mortgage rates. Inflation devalues the dollar which, as a consequence, devalues repayments made to mortgage bond holders. As a result, when inflation is present, mortgage bonds tend to sell-off which causes mortgage rates to rise. This is what's been happening these past 3 weeks. However, we're not in an inflationary environment. To the contrary: 1.The Federal Reserve has said inflation is too low to be economically healthy 2.Last week, the Cost of Living posted its lowest year-over-year gain in history But mortgage rates are rising anyway. This is because global investors believe the Fed's most recent market intervention - a $600 billion bond purchase program - will later lead to inflation. Just on the expectation, markets are behaving like inflation is already here. This week is holiday-shortened, and rates should remain volatile. There's a bevy of data including the Existing and New Home Sales reports, consumer confidence data, and the FOMC Minutes from the November 3 meeting. If you haven't made a decision on what house to buy, now is the time to consider making that decision and locking in a mortgage rate as well. Rates have farther to climb than the fall. Call Mike and Melody today! Labels: alpharetta homes for sale, homes for sale in cumming, interest rates
Monday, November 15, 2010
What's Ahead For Mortgage Rates This Week November 15th, 2010 ?
 In a holiday-shortened trading week, mortgage markets tanked last week, casting doubt on whether the bond market's 7-month bull run will continue. Fears of inflation caused conforming mortgage rates to rise. Last week marked the first sizable mortgage rate increase over the course of 7 days since April. The biggest reason why rates rose last week was because of concerns that the Federal Reserve's latest round of stimulus will devalue the U.S. dollar. The Fed pledged an additional $600 billion to the bond markets two weeks ago and, to meet this obligation, the group will have to, quite literally, print new money. It's Supply and Demand. With more dollars in circulation, every existing dollar is worth less. It's also inflationary. As the Fed's pledge ties back to mortgage rates, remember that mortgage bondholders are paid in U.S. dollars. So, if those dollars are expected to be worth less in the future, we would expect mortgage bond demand to fall. And that's exactly what happened last week - investors rarely clamor for assets whose value drops over time. The falling demand dropped down prices, and pushed up yields. Mortgage rates spiked. This week, the trend could continue. There's a lot of inflation-signaling data on tap: * Monday : Retail Sales * Tuesday : Producer Price Index; Consumer Confidence; Housing Market Index * Wednesday : Consumer Price Index; Housing Starts * Thursday : Initial and Continuing Jobless Claims Analysts are calling for lukewarm data this week; none of the releases is expected to show strong growth. If the analysts are wrong, look for rates to rise again. Momentum is moving away from rate shoppers. If you have put off making a decision on putting an offer on a home, wait no more! If you've yet to lock in a rate, consider doing it now. Call us TODAY! Labels: best realtors in town, homes for sale in cumming, low mortgage rates
Wednesday, July 28, 2010
Can Do Attitude
 We recently had a client that was moving to the Alpharetta area from Florida. He had been transferred by his company. He had fairly normal requirements for the house he wanted, 4 bedrooms and 3 baths. What was not so normal was that he wanted to be within 2 miles of his new office and he only wanted to make right turns to get to work and if possible only right turns to get home. I thought this was a bit strange so I asked him why only right turns? He said it made it easier and quicker in the traffic. Well we took the can do approach and were able to find him the perfect home 1.5 miles from his office. He turned right out of his subdivision, right on the main street and right on the street he worked on and right into his parking lot. I showed him that he could exit right out of his parking lot, turn right on the next major street, right again to get to his main street, then right on it and right on it into his subdivision. So there we have it, a can do attitude, all right turns to and from work and only 1.5 miles from his office, well it was 2.1 miles on his way home if he only wanted to turn right. The next time you are looking for a home call Mike and Melody Vanderhoff, the Realtors with a Can Do Attitude and a track record to prove it. Labels: alpharetta homes for sale, homes for sale in cumming
Tuesday, July 27, 2010
This Weeks Mortgage Rates
 CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.375% Purchase Only 15-yr Fixed = 3.75% Purchase Only NEW! Conforming 5/1: 3.375% amortized; 3.75% interest only Conforming 7/1: 3.75% amortized HOT PRODUCT Conforming 10/1: 4.125% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans:Loan amounts over $417,000* 5/1 ARM = 4.375% 7/1 ARM =4.625% FHA Loans: * 30-yr Fixed Range= 4.25% - 5.25% NEW! FHA 5/1 ARM: 3.375% Qualify at Start Rate Call Me Now For More Details! *Based on pricing as of Friday, July 23rd, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025, Covenant NMLS# 144774 Labels: alpharetta homes for sale, homes for sale in cumming, low mortgage rates
Thursday, July 22, 2010
Newest Addition to the Vanderhoff Team
 Meet the newest addition to the Vanderhoff Team. Her name is Baby. She doesn't sell real estate, but in her first month at the house she sure showed us how she could take control of the place.   She has learned how to go up and down the stairs but still can't seem to get potty box right. Now if we can get her to mind and come when we call her things will be great. Labels: a new pet in the household, alpharetta homes for sale, dawsonville homes for sale, homes for sale in cumming, johns creek homes for sale, milton homes for sale
Tuesday, June 01, 2010
Farmers Market
The Forsyth County Farmers Market opens at 7 a.m. every Wednesday and Saturday through Sept. 30. The market is in the Cumming Fairgrounds parking lot, 235 Castleberry Road. It stays open until all crops are sold. For more information, call the fairgrounds at (770) 781-3491 or the Forsyth County. Call Mike and Melody to help you find the perfect home in Forsyth County. Labels: eat healthy, farmers market, fresh veggies, homes for sale in cumming, live healthy in Forsyth County
Friday, May 28, 2010
Happy Memorial Day Weekend
Thursday, May 27, 2010
New Hope In Africa
We have finally settled on a name for our new non profit organization. It will be New Hope In Africa. You will be hearing much more about this in the near future as we set up our Face Book and Twitter fan pages as well as our new websites.
Our goal for this organization is to drill wells to provide safe clean drinking water for those less fortunate than us. We have a partner on the ground in Africa that will oversee the work that we will be having done there.It is amazing to me that for a mere $6000 we can change the lives of an entire village of 600 to 900 people. Tune in later to see what we at Vanderhoff Real Estate are doing to change the world and call us now if you want to know how you can help us change the world or if you just want us to help you change your world by selling or helping you find a new home. We are here to serve.Labels: africa, clean water, homes for sale in alpharetta, homes for sale in cumming, mozambique
Saturday, May 15, 2010
Current Mortgage
Thought For The Weekend "May home be the place from which you launch your dreams" ~ Mary Anne Radmacher  CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.875% Purchase Only 15-yr Fixed = 4.25% Purchase Only NEW! Conforming 5/1: 3.50% amortized; 3.75% interest only Conforming 7/1: 4.00% amortized **HOT PRODUCT Conforming 10/1: 4.50% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans: Loan amounts over $417,000* 5/1 ARM = 4.50% 7/1 ARM =4.875% Hottest JUMBO Loan...90% No PMI up to $500,000! Call Me Now For More Details! FHA Loans: * 30-yr Fixed Range= 4.875% - 5.25% NEW! FHA 5/1 ARM: 3.875% Qualify at Start Rate *Based on pricing as of Friday, May 14th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025 Covenant NMLS# 144774 Call Mike and Melody to help you sell your current home or help you find the perfect dream house. Labels: homes for sale in alpharetta, homes for sale in cumming, homes prices increasing
Friday, May 14, 2010
Home Prices Stabilize in 60% of U.S. Cities
By Alex Veiga LOS ANGELES - Home prices rose in nearly 60 percent of U.S. cities in the first quarter of this year, as the housing market started to stabilize thanks to billions of dollars in federal spending. The median sales price for previously occupied homes rose in 91 out of 152 metropolitan areas tracked in the January-March quarter versus a year ago, the National Association of Realtors said Tuesday. There were double-digit price increases in 29 cities - a sharp improvement from the fourth quarter of last year, when prices rose in about 40 percent of cities. The tax credits - $8,000 for new buyers and $6,500 for current owners - helped gin up home sales this spring as many buyers raced to purchase a home in time to qualify before the incentives expired at the end of April. Sales of previously occupied homes surged in March after a three-month decline caused in part by harsh winter weather. In all, about 2.2 million households had used the first-time buyer credit as of late March at a cost of $16 billion, according to the Internal Revenue Service. Click here to read full article on housing projections
Labels: Home Prices Stablilze, homes for sale in alpharetta, homes for sale in cumming
Saturday, May 08, 2010
This weeks mortgage rates
CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.875% Purchase Only 15-yr Fixed = 4.25% Purchase Only NEW! Conforming 5/1: 3.50% amortized; 3.75% interest only Conforming 7/1: 4.00% amortized **HOT PRODUCT Conforming 10/1: 4.50% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans: Loan amounts over $417,000* 5/1 ARM = 4.50% 7/1 ARM =4.875% Hottest JUMBO Loan...90% No PMI up to $500,000! Call Me Now For More Details! FHA Loans: * 30-yr Fixed Range= 4.875% - 5.25% NEW! FHA 5/1 ARM: 3.875% Qualify at Start Rate *Based on pricing as of Friday, May 7th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025 Covenant NMLS# 144774, Call Mike and Melody to help you find the perfect home. Labels: current mortgage rates, homes for sale in alpharetta, homes for sale in cumming
Thursday, May 06, 2010
Fire Department Prepares to "Give Burns the Boot" During Annual Boot Drive
Funds collected support burn victims, fire prevention programs The Forsyth County Fire Department will once again "Give Burns the Boot"® during their annual boot drive benefiting the Georgia Firefighters Burn Foundation. Motorists can expect to see firefighters at intersections throughout the county on three upcoming Saturdays: May 1, 8 and 15. The donations collected will be turned over to the Georgia Firefighters Burn Foundation and used to fund a variety of important programs. Donations will send children who have been victims of severe burns to summer camp at Camp Oo-U-La, the only camp in the state specifically for burn-injured children. Additionally, funds will support the foundation's endeavors to educate the public in burn awareness and prevention and will fund safety and educational efforts. The Forsyth County Fire Department will receive back five percent of the funds raised for use toward fire safety and burn prevention programs in the community. "Forsyth County is a very generous community," Fire Chief Danny Bowman said. "We are always appreciative of the support the boot drive receives." The Georgia Firefighters Burn Foundation is a 501(c)(3) non-profit organization, established to assist with fire prevention and safety education and the treatment and recovery of burn survivors. Founded in 1982 by a group of Atlanta area firefighters, the Georgia Firefighters Burn Foundation now serves all of Georgia in its three-fold mission: • to educate the public in burn awareness and prevention • to support medical facilities in the care of burns in Georgia • to assist burn survivors in their recovery The Georgia Firefighters Burn Foundation's primary source of fundraising is the annual "Give Burns the Boot"® boot drive in which more than 100 fire departments throughout the state join together and collect funds to benefit the Foundation in its mission. To receive more information on the foundation, visit www.gfbf.org. If you are looking to buy or sell in Forsyth County give Mike and Melody a call. Labels: homes for sale in cumming
Sunday, May 02, 2010
Current Mortgage Rates (Purchase Transactions)
CURRENT RATES (PURCHASE TRANSACTIONS) Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 4.875% Purchase Only 15-yr Fixed = 4.00% Purchase Only NEW! Conforming 5/1: 3.50% amortized; 3.75% interest only Conforming 7/1: 4.00% amortized **HOT PRODUCT Conforming 10/1: 4.50% amortized!!!** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans: Loan amounts over $417,000* 5/1 ARM = 4.50% 7/1 ARM =4.875% Hottest JUMBO Loan...90% No PMI up to $500,000! Call Me Now For More Details! FHA Loans: * 30-yr Fixed Range= 4.875% - 5.25% NEW! FHA 5/1 ARM: 3.875% Qualify at Start Rate *Based on pricing as of Friday, April 30th, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025 Covenant NMLS# 144774, If your thinking about buying a new home, now is the time. Just call Mike and Melody and let them help you find the perfect place. Labels: best realtors in town, current mortgage rates, homes for sale in alpharetta, homes for sale in cumming
Thursday, April 29, 2010
Burning Ban in Forsyth County
Fire Department Ban on Outdoor Burning Goes Into Effect May 1 Ban lasts until October A countywide, state-mandated ban on outdoor burning goes into effect May 1 in Forsyth County and lasts through September 30. The ban prohibits all outdoor burning including the burning of leaves, trash, yard debris and storm damage. The Georgia Environmental Protection Division imposes the ban on outdoor burning to comply with Federal Clean Air Regulations. During the summer months in Georgia, the ozone in the air can reach unhealthy levels. Open burning has been identified as a significant contributor of the pollutants that form ozone. Limited exceptions to the ban include recreation/cooking fires, campfires in approved areas and open flame equipment/tar kettles/etc. No notification to the Forsyth County Fire Department or the Georgia Forestry Commission is required for these types of burns. To receive more details regarding outdoor burning regulations, visit www.forsythco.com or call the Forsyth County Fire Department Fire Marshal's Office at 678.455.8072. If you are looking for a home in Forsyth county, Mike and Melody Vanderhoff are the right choice to help you find the perfect place. Labels: best realtors in town, burning ban, forsyth county, homes for sale in cumming
Wednesday, April 28, 2010
Go Green, Recycle Your Old Electronics
Dump out old electronics in Forsyth
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CUMMING – Continue spring cleaning by bringing old electronic equipment to be recycled at Keep Forsyth County Beautiful's (KFCB) electronics recycling event. This recycling event will be held May 8, from 9 a.m. to 1 p.m. in parking lot 3 at the city of Cumming Fairgrounds on Castleberry Road.
Acceptable items include old computers, printers, cameras, cell phones, stereos, televisions and more to be recycled. The minimum donation per carload drop-off is $5. An additional $10 fee will apply for all acceptable televisions. Large wooden console and projection televisions will not be accepted.
"We recycled 56,781 pounds of electronics last May, including 167 televisions and 290 computers," Environmental Program Manager Tammy Wright said. "We encourage all citizens to clean out their closets and storage rooms and bring their old electronics."Please visit our web site to see additional opportunities available for homes that need to be recycled. One may be perfect for you. Labels: go green, homes for sale in cumming, recycle
Saturday, April 24, 2010
Current Mortgage Rates (Purchase Transactions)
Conforming Loans: Loan amounts $417,000 & under* 30-yr Fixed = 5.00% Purchase Only 15-yr Fixed = 4.375% Purchase Only NEW! Conforming 5/1: 3.75% amortized; 4.00% interest only Conforming 7/1: 4.25% amortized ***HOT PRODUCT Conforming 10/1: 4.50% amortized!!!*** Consult your Covenant Mortgage Professional for Refinance Quotes Jumbo Loans: Loan amounts over $417,000* 5/1 ARM = 4.50% 7/1 ARM =4.875% Hottest JUMBO Loan...90% No PMI up to $500,000! Call Me Now For More Details! FHA Loans: * 30-yr Fixed Range= 5.00% - 5.25% NEW! FHA 5/1 ARM: 3.75% Qualify at Start Rate *Based on pricing as of Friday, April 23rd, 2010 at 12:00PM. Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions. This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals. Residential Mortgage Licensee: GA Licensee #22745, Florida Residential Mortgage Licensee#CL0800186, NorthCarolina Licensee #B-147025 Covenant NMLS# 144774 Labels: Alpharetta, home loans, homes for sale in cumming
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