EveryHome Realtors

Real Estate. Real Easy.®

  • Mortgage Insurance Premiums Just Got Cheaper

    Good news for buyers using an Federal Housing Administration (FHA) loan and making a down payment of less than twenty percent!  Annual mortgage insurance premiums just dropped significantly in price, from 0.85% to 0.6% of the loan balance.  The recent change, announced January 9th, is expected to save the average homeowner approximately $500 per year. The…

  • Mortgage Rates Finally Fall, Ending 9-Week Streak

    Breaking a 9-week streak of increasing mortgage rates, the average 30-year fixed loan tumbled this week to 4.20%.  Last week, the average rate stood at 4.32%.  Government mortgage agency Freddie Mac reported that mortgage rates have fallen for the first time since the presidential election, and that the 15-year fixed rate loan and 5/1 Adjustable-Rate Mortgage…

  • Snowy, Winter Home Inspections

    Whenever you purchase a home, we always recommend having a home inspection performed on the home prior to settlement.  In the harsh winter weather, however, there are some unique challenges and even some benefits, when it comes to winter home inspections. Certified home inspectors are trained to complete thorough inspections, even in the wintertime.  Sometimes,…

  • Underwater and Need to Sell? Here’s What You Need to Know

    If you’re “underwater” or “upside-down” on your home, you owe more than it’s worth.  For example, if you still owe $220,000 on your mortgage, and your home’s approximate value (as estimated by a licensed real estate agent or appraiser) is $210,000, then you’re about $10,000 underwater.  For homeowners in this situation, it’s not a big deal…

  • Three Affordable New Communities

    New construction is booming in Greater Philadelphia, but the majority of new homes for sale are over $400,000.  If you’re in the market for something a little more affordable, be sure to check out some of our favorite new communities: Northgate is a unique, new community by THP located in peaceful Pennsburg.  Enjoy the best…

  • Mortgage Rates Hit Two-Year High

    The nation’s most popular home loan, the 30-year fixed rate mortgage, rose 2 basis points (or 0.02 percent) this past week to 4.32%.  Mortgage rates haven’t been this high since April 2014.  The 15-year fixed rate loan jumped 3 basis points to 3.55%, and the 5-year adjustable rate mortgage (ARM) actually decreased slightly to 3.30%. This is…