Last week was the third week in a row of steadily climbing rates. Fannies lost 14/32ndsfor the week. This steady trend up seems to indicate that the world issues are no longer flowing funds into our credit markets in the same fashion we saw a while back. Considering the rebound in stocks and the lack of any real data last week it makes me wonder if that flight to quality may be over?  This week is the polar opposite of last week with a LOOOONNNNNG calendar of economic data and auctions to contend with, here is this weeks calendar: Monday April 11: By the end of the day Mortgage Backed Securities Roll to a May Delivery date. This happens every month, and quite often we get caught off guard with a bump up in rates that seem to come out of no where.... As of noon Fannies were up slightly... 04/11/2011

by Jim Flanagan on April 6, 2011 in Uncategorized Single Family Homes in Toms River (First Quarter 2011):   Toms River Real Estate-1st Quarter 2011 This chart displays the sales and inventory of Single Family Homes in Toms River, NJ.  The high-lighted area focuses on the first quarter of 2011.  As we can see, sales dropped in February before spiking in March but the supply of homes for sale spiked in February and dropped in March (despite the current inventory increasing by over 120 homes)!  Both of these factors could be attributed to March traditionally marking the beginning of the “Spring Selling Season”, when we historically see more homes come on the market in anticipation of more buyers entering the market, and January being the “snowiest” month in New Jersey in over 60 years. Sin... 04/10/2011

Open House in Toms River with photos and maps for Sunday April 10, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River  on April 10, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River. Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Toms River Open Houses and real estate tips go to www.openhouseoceancounty.c... 04/09/2011

    WHAT:  FlowerFest at the Ocean County Library WHEN:  Saturday April 9, 11 a.m. - 3 p.m. WHERE: 101 Washington St, Toms River, NJ  08753  CONTACT:   Carol Anne Zsiga, 732-349-6200, ext. 5123 czsiga@theoceancountylibrary.org COST: FREE!!!   TOMS RIVER - Remember: April showers bring May flowers.  And while the remnants of winter are slowly loosening their grip, spring is just around the corner.  Are you ready? Get the dirt on gardening when FlowerFest ("A Gnome and Garden Show") returns to the Ocean County Library in Toms River, 101 Washington St., Saturday April 9 from 11 a.m. to 3 p.m. Packed within that four-hour program will be all you need to know to bring your home and yard into bloom.  Among the exhibitors on hand this year area are garden clubs, Master Gardeners, Master Compos... 04/07/2011

   Last week's mix of Auctions and employment reports ended up being almost flat with Fannies losing only 1/32nd for the week by time the bell rang on Friday afternoon.  The big news was the drop in the headline number for employment with a click down to 8.8% with more jobs created than anticipated.  Even on the positive news we did see the credit markets close up for the day just about erasing the loses for the week leaving Mortgage rates just about unchanged from the previous week, unless you consider the new Loan Level Price Adjustments that kicked in April 1st... which raised just about all quotes by about 25bps. This week's Calendar is a short one: Monday, April 4: A no news day but even with stocks trading higher we have had mortgages slightly positive all day as well.  Tuesday, A... 04/04/2011

Open House in Toms River with photos and maps for Sunday April 3, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River for homes less than $500,00  on April 3, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River. Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Ocean County Open Houses and real estate tips go t... 04/02/2011

Open House in Toms River with photos and maps for Saturday April 2, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River  on April 2, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River. Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Toms River Open Houses and real estate tips go to www.openhouseoceancounty.c... 04/01/2011

Posted on March 28, 2011 by Jim Flanagan Purchased from istockphoto.com Last week, one of my freshman sales associates, Sally (not her real name), came into my office and confessed that she had been fired by her “buyers” the night before.  What exactly did Sally do that prompted her “clients” to fire her?  Her job! Her former clients, whom I had the pleasure of meeting and consulting with myself the previous weekend, were a young couple looking for their “First Home” in Toms River.  Sally had found them a NEW 3 bedroom, 2 bath Ranch listed for $208,900.  It wasn’t in the greatest of locations but it was a BRAND NEW home for just over $200K.  The young couple liked it so much, they asked his father to come take a look at it…and he did! Herein lies the problem! As I wrote in a previous po... 04/01/2011

When a consumer does not pay a debt for a period of time it often turns into a collection account. You can have collections from debt owed to credit card issuers, medical professionals, libraries, schools, service providers, insurance companies, vendors, and more. Each type of creditor can have a different time frame in which an account might be sent to a collection agency. Often, these creditors can lend or sell the debt to a third party agency that is in business to make a profit from the collection of these unpaid obligations. Since these collection agencies get their income from payment of the outstanding debt they often use very aggressive & sometimes misleading tactics, often telling debtors that once the debt is paid, it will all be ok, and their good credit rating restored.   Th... 03/29/2011

   In last week's Tug-O-War, Stocks won and the credit markets lost.  By the end of the day on Friday Fannies lost 22/32nds for the week, the biggest lost since February 11th.  Of course as a trade off we have the Dow WELL over $12,000 again.... and if you have been keeping up with my reports, you will be well aware that Good news is BAD news for interest rates. This week has a good mix of auctions and data, We have $99 Billion in treasuries to be auctioned off this week, here is the calendar. MondayMarch 28: February personal income anticipatedat +0.4% Spending +0.6% and Consumption +0.2%. The actual numbers came in a bit mixed with income +0.3%, spending +0.7% and PCE +0.2%.  All together this was pretty neutral since the most important piece here was the PCEindex, and that was in lin... 03/28/2011

Open House in Toms River with photos and maps for March 27, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River  on March 27, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River. Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com To... 03/26/2011

   Last week gave us a little more improvement in rates with Fannies gaining about 18/32ndsfor the week we are firmly below 5% for many buyers shopping for a 30yr fixed rate mortgage.  Today the marked did try to give much of that back as stocks were rallying all day and that created a bit of a sell off in the Credit Markets. World issues continue to be the fuel for the markets. Today's moves were partially on news that Uncle Sam will begin selling its mortgage backed securities, which is a bit scary since they hold over $1 Trillion in mortgage backed securities. I also think that we saw a rally in stocks today over news in Libya. It seems our markets always get "happy" when they see the strength of our Air force, and when you have most of the world on your side working together, that d... 03/21/2011

Open House in Toms River with photos and maps for March 20, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River  on March 20, 2011 with easy to access maps and numerous photos. These homes are located in East Dover, North Dover, Georgetown, Shelter Cove, Ortley Beach, Money Island, Green Island, Silverton, Snug Harbor, and throughout Toms River. Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com To... 03/19/2011

Toms River Housing Market Conditions for the East Dover area, is a compilation of statistical data in graph and written form. Data indicates market conditions on a local level and in three month 'snapshots.' A housing market analysis is available from me, Karl Hess, for any neighborhood in Ocean County, Monmouth County and on The Jersey Shore.  Each report includes a summary of the overall trends and an interactive map of the local housing market conditions and can be produced within minutes of your request. Go to www.HomeValuesinOceanCountyNJ.com for your free, no obligation, personalized report. Toms River Housing Market Pricing Details      Total     Most Recent      Highest    Lowest    Average    Median Sold Homes     62      03/15/2011      $925,000    $90,000    $279,187   $260,0... 03/18/2011

  After a bouncy ride last week we ended up the week UNCHANGED. That's right, absolutely no difference in price of Fannies from the close the previous week, That doesn't mean it sat flat all week, Tuesday was pretty ugly, but Wednesday and Thursday had great results for the 10yr and 30yr auctions and big gains on both days. This week has inflation reports, a Fed meeting and some more world issues to chew on, here is what we have for the week: Monday March 14, 2011: Happy PI day!  In the absence of any news PI has it.. 3.14159.... I can't believe I actually remember that much of PI!  Mid Day the mortgage market is trading in firmly positive territory TuesdayMarch 15: Federal Reserve FOMC Meeting, post meeting statement expected at 2:15pm. It is anticipated there will be no change to Fed ... 03/14/2011

The Toms River Planning Board has approved a project consisting of a 53,000-square-foot shopping center, two 25-unit apartment buildings and 200 townhouse units north of Cox Cro Road on Route 9. Nobility Crest @ Dover LLC, will develop the project in phases and the development will be contingent on selling each phase before moving on to the next one.  Affordable housing units will be included and maintained by the developer through an outside management company. For more information on affordable housing in New Jersey please visit http://www.njhousing.gov/ Dawn Marie White Broker-Sales Manager Sales & Marketing Professional Crossroads Realty Inc www.njwaterfront.com   03/13/2011

Open House in Toms River with photos and maps for March 13, 2011. Toms River Open House information including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River  on March 13, 2011 with easy to access maps and numerous photos.  Most Open Houses will take place between 1:00 PM and 3:00 PM, so use the maps provided in the links to plan your day...or call me and I'd be happy to set up an exclusive "tour of homes" at your convenience. For complete updated information on Ocean County Open Houses and real estate tips go to www.OpenHouseOceanCounty.com Toms River Open House Maps: Here are Toms River Open House Maps for all open houses in Toms River or click on each link below for property and location information.  S COND... 03/12/2011

     I wish I could figure out a better way to add a PDF to my blog... Not very pretty, but above is the latest news! Yes we can approve an FHA loan with Scores as low as 600.  There are restrictions for the lower scores such as: 2 months reserves Payment shock must be less than 50% (and there needs to be a verifiable housing history for rent or mortgage) No "Major" Derogatory on the credit report in the past 24 months strict ratios It is a move in the right Direction and another tool for your tool box to help get your clients into their new home. Have a great week.  Rob Robert Rauf Mortgage Banker NMLS ID# 248937 www.RobertRaufHomeLoans.com   or my blog: http://activerain.com/blogs/rrauf (732)223-1630 x102 RRauf@REMN.com Since 1987 I have been helping my clients fulfill their dream of ... 03/10/2011

Fannie Mae Home Path Mortgage program Now available at Freedom Mortgage (732) 938-2252  The HomePath® Mortgage Program is a special financing program to allow purchasers expanded underwriting flexibilities for Fannie Mae Owned (REO) properties in which Fannie Mae has deemed eligible for the program. Properties must be designated as eligible for HomePath financing by Fannie Mae on the website: www.homepath.com   Low down payment and flexible mortgage terms Down payment (at least 3 percent) can be funded by your own savings; a gift; a grant; or a secured loan from a nonprofit organization, state or local government, or employer No appraisal required No mortgage insurance Available for primary residences, second homes, and investment properties LTV/CLTV & Credit Score Requirements • Up to ... 03/10/2011

Recent Testimonials "Fiona Barone, Realtor Associate, Re/Max at Barnegat Bay (business partner)was with another company when working with you "I have had the pleasure of working with Anthony both in the past and presently. Be both currently work at the same office. He is very dedicated and extremely hardworking. He works for his clients and treats them with respect. Anthony is a wonderful asset to have in our office, vey likeable and social and always willing to help. He is a wonderful coworker and a wonderful partner in life. I'm sure you will be very pleased with the service and dedication he provides." September 23, 2009Mindie Wu(client)Mindie hired you as a Real Estate Agent in 2009 {1} Top qualities: Great Results, Personable, Expert"My huband and I have hired Tony to be our real ... 03/08/2011