Wednesday, February 16, 2011

Mortgage Interest Rates Rise Above 5%

For the first time since October, the 30-year fixed mortgage rate rised above 5 percent last week. Experts predict the rate will continue to inch up over the next few weeks.

Currently, a prospective buyer who takes out a 30-year mortgage loan can expect to pay approximately $50 more per month (based on purchasing a $170,000 home with a 20 percent down payment) compared to October, when rates stood at 4.2 percent.

Despite the jump in rates, relatively low home prices indicate that affordability will continue to remain high for some time.

For more information on real estate market trends in Lafayette Indiana and West Lafayette Indiana or surrounding communites, contact The Romanski Group with Keller Williams Realty Lafayette today at 765-404-5095 / erin@romanskigroup.com! Visit us online to see homes in the MLS at www.RomanskiGroup.com!

Source: REALTOR® Magazine | Full Article

Tuesday, February 15, 2011

FHA PMI to increase in April 2011!

Just FYI this is VERY IMPORTANT> Effective on all FHA case numbers ordered 04/03/2011 forward the new mortgage insurance premium monthly will be increased from .90 to .115. This is a GREAT reason to get moving on buying a new home or making sure your house if priced correctly if you are a homeseller and be ready to go prior to 04/03/2011. The loan does not have to be closed prior to this date but the appraisal needs to be ordered prior to this date so we can get an FHA case number assigned.



Contact The Romanski Group with Keller Williams Realty Lafayette if you have any questions. We hate to see this increase! Now might be the time to check out the 97% conventional loans as well. Please contact us at 765-532-6148 or 765-404-5095 to get started looking for your new home in Lafayette, West Lafayette and surrounding communities today! Check out our latest listings at www.RomanskiGroup.com!

Tuesday, February 1, 2011

Lafayette Indiana Real Estate Update - February 2011

If you are thinking of selling a home in the Lafayette or West Lafayette, IN area or buying a home in the Lafayette or West Lafayette, IN area, be sure to give The Romanski Group at Keller Williams a call.

Selling a home in today's market? The Romanski Group of Keller Williams Realty has the tools and marketing strategy needed to get your home SOLD in today's market. Please visit www.RomanskiGroup.com to learn about who we are and what we do. What is my home worth in Lafayette and West Lafayette, IN? Visit http://www.lafayettehomeprice.com and see what your home may be worth!

Interested in buying a home in Lafayette or West Lafayette, IN? The Romanski Group has over 25 years of experience on our team and know what it takes to find you the right home at the best price in today's market. We use the latest technology and tools to find your dream home and have a strong reputation with other agents in the market. What does this mean to you? With a strong reputation, other agents know and want to do business with us, working together to create a win-win for our clients.

Please visit www.RomanskiGroup.com to learn more about how The Romanski Group can do for you. We have the tools to get your home sold and the knowledge to help you buy a home. Check out "This Month in Real Estate" for an update on the national real estate market...http://www.youtube.com/watch?v=86KKIRA4gXg

Check out this week's price adjustments on these great homes...

4200 Doten
Ready to move into, 2-story home in south Lafayette!
Type: Single Family Home
Location: Lafayette
Price: $99,900
www.RomanskiGroup.com/4200Doten


715 S. 10th Street
Charming and full of character is this ready to move into home near Highland Park!
Type: Single Family Home
Location: Lafayette
Price: $125,000
www.RomanskiGroup.com/715S10