Last week did end up being a bumpy one, but as the dust settled on Friday afternoon we ended up with Fannies being unchanged for the week. For the most part we had mostly positive news last week With both ISM numbers and the employment data all being quite a bit stronger than anticipated. This just shows how the market can be hard to predict, and how much influence the global issues can have on our credit markets. The Flight to quality we have seen over the past 3 weeks has helped to bring rates down quite a bit even with some strong economic data, so be cautious... these low rates will not last forever. This week we need to keep a close eye on the Middle east, and of course we do have economic reports and a few auctions to deal with this week: Monday March 7th: It is a no news day a... 03/07/2011

Open House in Toms River with photos and maps for March 6, 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 6, 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. RIPARIAN ... 03/05/2011

    Irish eyes will smile at the library   TOMS RIVER -   Judging by all the celebrations, it seems like everybody's Irish on St. Patrick's Day and Ocean County Library will help foster that feeling with some programs sure to but a twinkle in your eye. A rare, limited facsimile of the Book of Kells will be displayed during two programs this month. The Book of Kells, a symbol of Irish nationalism, is an illustrated manuscript of the four Gospels in Latin and is known for is ornamental details.  Written around 800 A.D. it is considered a masterpiece of Western art and resides in Trinity College Library, Dublin. The programs will be held at: Toms River branch (101 Washington St.)  Saturday March 5 at 2 p.m Jackson branch (2 Jackson Dr.) Wednesday March 9 at 7 p.m. Timothy Liam Smith, accom... 03/02/2011

    Fourth Annual Ocean County Library FlowerFest   After record snow fall totals this winter, everyone is ready for spring and the fourth annual Ocean County Library FlowerFest will be the place to be When: Saturday April 9, 11 AM WHERE:101 Washington St, Toms River, NJ Featuring: Two special guest speakers Lois J. de Vries and Valerie Sudol. Contact: Scott Walker (732) 349-6200, ext. 5914  swalker@theoceancountylibrary.org Lois J. deVries, a regional field editor and location scout for Better Homes and Gardens Special Interest Media, will present "Cultivating the Inner Gardener." Her illustrated talk will focus on how to create a personal space that is not only beautiful and healthy, but also provides a sanctuary from the hectic world.  The presentation includes photos of gardens that... 03/02/2011

      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 home ownership! Real Estate Mortgage Network Inc.        NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755,  Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731 03/02/2011

   Interest rates took a big dip down over the past 2 weeks, last week Fannies gained almost a full point which has us below 5% again for well qualified buyers. Most of the move we have seen is due to the flight to quality because of Libya and Egypt. World Turmoil always pumps extra cash into our credit markets which drives the price up and the Yield down.  Great if you are borrowing money, but typically bad for stocks. The big issue with this improvement in rates: It is temporary.  Once the dust settles money will begin to flow quickly out of credit and into equities or back out overseas where much of it came from. This will happen quickly and probably without any warning. This is a new week, a new month and an entirely new set of economic reports for the market to chew on. Here is thi... 03/01/2011

Open House in Toms River with photos and maps for February 27th, 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 February 27th, 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 Open House Maps: Here are Toms River Open House Maps for all open houses in Point Pleasant or click on each link below for property and location information. SUMM... 02/25/2011

      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 home ownership! Real Estate Mortgage Network Inc.        NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755,  Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731 02/23/2011

The FHA commissioner, David Stevens just released this letter in an attempt to 'explain' the recent adjustment to the FHA mortgage insurance annual premium- this is the part of the MIP that is paid monthly in a mortgage payment.  February 18, 2011 On February 14, I announced a new premium structure for FHA single-family mortgages, increasing the annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30-year and 15-year loans. It is important for everyone in the industry to understand the reason for this action. After careful consideration and analysis, we determined it was necessary to increase the annual mortgage insurance premium at this time in order to bolster our capital reserves and to help private capital return to the housing market. As many of y... 02/23/2011

Don't Forget, we live in a Global Economy...  Last week was the first truly positive week we have seen in quite some time with Fannies gaining 18/32nds by the close of business on Friday. That puts highly qualified buyers back to the high 4's for a 30yr fixed, just keep in mind that a lower credit score can swing that drastically... I just ran numbers for 2 similar buyers, and there was a difference from 4.875 to 5.25% just because of a lower credit score. This week has it's share of data and auctions to watch out for, along with global issues that most definitely have an effect on our trading. Monday February 21: Credit markets were closed for the Presidents Day Holiday. TuesdayFebruary 22: February consumer Confidence expected to be 65.0%. The actual report was came in MUCH Stronger a... 02/22/2011

Open House Toms River with photos and maps for February 20th, 2011. Toms River Open House information for Melody Park, Brookside, Point O' Woods, Money Island, Grand Woodlands, Silverton, Silver Bay, North Dover, West Dover and East Dover, including school reports, neighborhood data and Toms River housing market trends. Click here for the list of Open Houses in Toms River on February 20th, 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 above link 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 Click on each address t... 02/18/2011

The 10th Annual Women's Expo in Toms River sponsored by Magic 100.1 / Deborah Heart and Lung Center Women's Expo on Sunday, February 27th at the Quality Inn, Route 37 West in Toms River. • Cooking Demos from the area's Best Chefs at Captain Inn's Restaurant Dockside & Spicy Cantina. • Decorate a cake like a PRO at The Extreme Cake Decorating from Jenni Cakes. • Free Haircut & Makeover Demonstrations from Turning Heads Color & Design. • Fitness Demo with The Bonzu Ball from Club Metro USA. • Nationally known psychotherapist and award winning reporter, Dr. Robi Ludwig. Dr. Robi has just debuted her new jewelry line called Jewelry Inspirations. • Plus much more, like a $100 cash prize every hour and a $1000 cash giveaway at 3pm. Visit many exhibits; enjoy a complimentary haircut and stylin... 02/17/2011

 Mortgage Mayhem: More FHA Changes on the way. Attention FHA buyers: Make note of this, you have the ability to lock in a lower payment NOW! Last week we heard from the Secretary of HUD that there would be an increase in the Monthly Mortgage Insurance premium for FHA Loans.  Yesterday's Mortgagee Letter 2011-10 made it official. As of April we will have a Monthly Mortgage insurance Premium that is 25 basis points higher across the board for all FHA loans. Here is a pretty little chart that was provided in the letter:  While 25bps doesn't sound like a lot, this is on top of the huge change we saw last October.  Last fall we went from 55bps, to 90bps and now up to 115bps for the monthly MIP on our typical 30 year fixed FHA Loan with minimal down. How does that equate in Monthly payments? ... 02/15/2011

   Last week was another mixed one with a touch of good and bad news along the way.  3 year treasuries did not sell well, but later in the week the 10yrs drew strong investor demand. Fear of inflation and a strong stock market has combined to continue the up tick in interest rates that started last fall.  Last week Fannies lost another 22/32nds, a big enough loss to be very noticeable as an increase in rates for the week. This week we will continue to keep a close eye on stocks and this weeks inflation reports. Here is what we have on the calendar for the week: MondayFebruary 14: Happy Valentine's Day!  There is not much news to report today, in the absence of any data to chew on Stocks are down a bit and Fannies are up a bit, but not up enough for rates to be noticeably lower. TuesdayF... 02/14/2011

Open House Toms River with photos and maps for February 13th, 2011. Open houses in Toms River with school reports, neighborhood information and Toms River real estate market trends. Click here for the list of Open Houses in Toms River on February 13th, 2011 with easy to access maps and numerous photos.  These homes are located in Bayshore, East Dover, Laurel Chase, North Dover, Silver Bay, West Dover and other locations throughout Toms River. Most Open Houses in Toms River will take place between 1:00 PM and 3:00 PM, so use the maps provided in the above link to plan your day...or call me and I'd be happy to set up a private showing of the property at your convenience. For complete updated information on Ocean County Open Houses click on www.OpenHouseOceanCounty.com Click on each addres... 02/11/2011

   Last week was one of the uglier weeks we have seen in the mortgage world, There wasn't just one bad day, every day was a bad one totaling up to a 49/32nd loss in Fannies for the week, and a significant uptick in rates.  This would be the second biggest loss we have seen for a week since Early December, but even that 'worst week' had 1 positive day. There is some good behind this bad.  It takes GOOD news for interest rates to go up, and we have been getting our fair share of good news in the past few weeks/months. Last week we were surprised by both ISM reports being MUCH stronger than anticipated and the employment report that caught everyone off guard. This weeks calendar: Monday February 7: No news today, other than I am suffering through a "Man Cold" and just want to be on my couc... 02/07/2011

  RE/MAX at Barnegat Bay Toms RiverFiona Barone Office Phone: (732) 914-0074Cell: 732-674-2904Business Fax: 732-914-0063Website or Mobile:http://www.fbarone.remax-nj.com/MN21104071E-mail: fionabarone@gmail.com 697 BROOKSIDE DR Toms River, NJ 08753 Listing #: 21104071 Price: $1,250 Bedrooms:   2 Full Bathrooms:   1 Half Bathrooms:   0 2bedroom 1 bath, 2 family home for rent on 6 acres in Brookside section of Toms River, includes heat and electric in rental price. Lower level unit, seperate entrance and acsess to the basement. Small dogs negotiable.   Listing information courtesy of: FIONA BARONE, RE/MAX AT BARNEGAT BAY The data relating to real estate for sale on this website is provided in part by RE/MAX of New Jersey and the IDX program of the Monmouth Ocean Multiple Listing Service. ... 02/04/2011

Toms River Homes for Sale between $200,000 and $300,000 with photos and maps. There are over 50 Toms River homes for sale between $200,000 and $300,000. All are at least 4 bedrooms and 2 baths.  Total livable area of these homes range from just under 1200 square feet to well over 2500 square.  The areas these Toms River homes for sale are in West Dover, Gilford Park, East Dover, Silverton, North Dover, Brookside and Georgetown. Click here to see all Toms River Homes for sale. Neighborhood Info for Toms River In addition to Toms River homes for sale, here you'll also find a comprehensive Toms River School Report, full Toms River demographics, and real estate insights second to none. Please feel free to browse the site to learn about Toms River Real Estate homes for sale, and contact Karl... 02/02/2011

    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 home ownership! Real Estate Mortgage Network Inc.        NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755,  Brick NJ 08723, Brick NJ 08724 Mortgages in Ocean County NJ, Mortgages in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731 02/02/2011

   For the first time this year we saw last week end on a slightly positive note with Fannies up a few 32nds. That slightly positive week was a bit bouncy with auctions that were just "ok", Fed comments that were supportive of "status Quo" and some mixed data that was mostly in-line with expectations. For the most part rates will look unchanged for the week, to slightly better. This week we have a new month of data for the market to begin to chew on, and we have things not on the calendar to consider. Here is the Calendar for the week: MondayJanuary 31: December personal Income expected +0.4% Spending +0.5% and PCE +0.1%. The actual numbers came in at +.4 +.7 and Unchanged. With the consumption index being the most important of the group we have Fannies trading pretty flat after opening... 01/31/2011