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MBA Reports a Decline of 8.9% in Mortgage Loan Applications

by the zac team at Ponce Realty

Hello neighbors,

According to recent reports from the Mortgage Bankers Association (MBA), mortgage loan applications experienced a decline in numbers by 8.9% last week.

The MBA reported a decline in the refinance index for the second consecutive week after a month and a half of consecutive increases with a 10.8% decrease from the week prior.

In addition, the MBA reported a decline of 0.4% with the seasonally adjusted purchase index as well as the unadjusted purchase index with a drop of 21.9% from the week before, and is 39.7% below the previous year's number.

In relation to the four-week moving averages, there was a 0.8% drop in the seasonally adjusted market index and a 2% increase in the purchase index with the refinance index being off by 1.4%.

Lastly, refinancing applications made up 80.5% of all the mortgage applications last week which was actually down from 81.9% a week earlier.

Great Condo at a Great Deal at 13101 Windbush Lane

by the zac team at Ponce Realty

Greetings neighbors,

Here we have a lovely 2 bedroom, 2 bath condo at 13101 Windbush Lane, near historic downtown Alpharetta!

You are guaranteed to love this ranch styled brick home and its many interior features such as: 9 ft ceilings on the main level, hardwood flooring, fireplace, private front entry, ceiling fans, and walk-in closets.

In addition, you will appreciate the well-rounded kitchen with features such as: a breakfast bar, white cabinets, pantry, and a view to the family room. The kitchen also includes appliances such as a dishwasher and self cleaning oven/electric range.

The home's bedrooms, you will find them to be cozy with the master bath including a double vanity and shower only!

As for the exterior features of this wonderful home, you will find a 2 car garage, covered/enclosed porch, professional landscaping, and patio!

You are sure to love the amenities of the community itself with a clubhouse, gym facilities, home owners association, and pool!

Definitely a must see! View pictures of home here!

Hello neighbors,

It finally happened, the trend of the falling mortgage rates was rudely interrupted with a rise of the 30-year FRM and the 5-year adjustable rate mortgage.

According to Freddie Mac's Primary Mortgage Market Survey, for the week ending September 9th, the 30-year FRM reported an average 4.35 percent with an average point of 0.7. This number was an increase from the previous week's average of 4.32 percent. In comparison to a year ago at this time, the average for the 30-year FRM was 5.07 percent.

As for the 15-year FRM, there was a continued and unchanged record low of 3.83 percent and an average 0.6 point. A year ago the 15-year FRM was averaging 4.50 percent at this time.

Like the 30-year FRM, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) experienced an increase with an average 3.56 percent and an average point of 0.6 in comparison to last week's average of 3.54 percent. Last year during this time, the 5-year ARM was averaging 4.51 percent.

Lastly, the 1-year Treasury-indexed ARM kept the falling trend with an average 3.46 percent and an average point of 0.7 from the previous week's average of 3.50 percent. Last year at this time, the average was 4.64 percent.

It's Labor Day Weekend, Check Out What's Going on in Atlanta

by the zac team at Ponce Realty

Greetings neighbors,

Well, it's another gorgeous holiday weekend for our enjoyment. For those who want to get out and enjoy the city take a look at a few events we've found to do.

Chocolate: Seed to Sweet

Come and experience the world of chocolate @ Atlanta Botanical Garden -1345 Piedmont Ave. NE, Atlanta, GA, 30309, (404) 876-5859. Time: 9am - 7pm. Price: $15.

Dragoncon 2010 Art Show

This is an event for the art lovers around town @ Hyatt Regency Atlanta - 265 Peachtree St. NE, Atlanta, GA, 30303, (404) 577-1234. Come out and purchase great works exhibited. Time:10am

Atlanta International Music Festival

Come and enjoy this tribute to international music legends @ Underground Atlanta -50 Alabama St. SW, Suite 007, Atlanta, GA, 30303, (404) 523-2311. Time: 12pm - 10pm, Price: Free

Georgia Tech Vs. South Carolina State

This is sure to be an exciting game as the Yellow Jackets take on the Bulldogs @ Bobby Dodd Stadium at Historic Grant Hill - 142 North Ave. NW, Atlanta, GA, 30332, (404) 894-5447‎. Time: 1pm

Kick Off Classic: North Carolina vs. LSU Football

Watch these teams go head to head @ the Georgia Dome - One Georgia Dome Dr. NW, Atlanta, GA, 30313, (404) 223-9200. Time: 8pm, Price: $44-$259.

Goapele Live in Concert

Come and experience the sultry sounds of soul and R&B singer/songwriter Goapele @ The Loft at the CW Music Complex - 1374 West Peachtree Street, Atlanta, GA, 30309. Time: 8pm, Price: $30/$45 VIP.

Mortgage Rates Continue to Decline Marking the 11th Consecutive Week

by the zac team at Ponce Realty

Greetings neighbors,

Continuing to follow the record low trend; 30-year FRM's hit another low for the 11th week in a row according to the Primary Mortgage Market Survey produced by Freddie Mac.

For the week ending Sept. 2nd, the 30-year FRM came in at 4.32% with an average origination point of 0.7 which is down from the previous week's average of 4.36% and last year's average of 5.08% at this time.

As for the 15-year FRM, there was a record low of 3.83% and an average origination point of 0.6. This number was also down from last week's average of 3.86% as well as last year's average of 4.54%.

This week's 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) came in with an average of 3.54% with an average 0.6 point in comparison to last week's average of 3.56% and last year's average of 4.59%.

Lastly, the 1-year Treasury Indexed ARM came in at 3.50% with an average 0.7 point. This averaged also proved to be less than last week's average of 3.52% and last year's average of 4.62% at this time.

Wonderful Sale Opportunity @ 580 Oak Landing

by the zac team at Ponce Realty

Hello neighbors,

Here we have a lovely traditional styled stucco home located at 580 Oak Landing in Alpharetta.

You and your family are guaranteed to love this 4 bedroom, 2.5 bath with features such as: hardwood flooring, trey ceilings, wall to wall carpet, fireplace, and walk-in closets!

Other notable features of this home include dishwasher in the kitchen as well as a breakfast room.

You will surely appreciate this home's separate dining and living room as well as a large family room, and bedrooms constructed on a split bedroom plan. In addition, you will find a double vanity, separate tub/shower, and garden tub in the master bath.

For the home's exterior features you will find a two car garage and lovely deck!

Act fast, short sale opportunity, view pictures here!

Displaying blog entries 1-6 of 6

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
1189 S. Ponce de Leon Avenue
Atlanta GA 30306
Office: 404-564-7272

 

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