OPEN HOUSE!!!! Saturday, 11 a.m. to 1 p.m. at Lot 71 Fairfield Cir, Royersford, PA 19468

Amazing opportunity to purchase an awesome Quick Delivery Townhome in Providence Corner. With 3 Models and 4 Homesites to choose from – Barrie (lot 71), Dexon (lots 153 & 155), Eden (lot 152) We will satisfy you with one of our great Floor Designs. Every Spec/Model features 3 Bedrooms & 2 1/2 Baths, Large Familyrooms, Kitchens, and Owner Suites. All 4 Models will be Spec Homes – built with QUICK DELIVERY in mind. Models square footage range from 2314 – 2736. Granite Countertops – GE Stainless Steel Appliances – Full Unfinished Basements – 2 Car Garages – Gas Heat – Gas Hot Water are just some of the wonderful Standard Features being offer by Rouse/Chamberlin, Ltd. a well respected and trusted Builder in the Region. Take advantage of this unique opportunity to buy New Construction/quick delivery Townhomes. Call and schedule your private tour today.

Tax Information
Taxes / Yr: $0 / 2011 Blk  
Assessment: 0 Lot 71
Association Info
Condo / HOA: N / Y
Recur Fee / Freq: $60.00/M
One-time Fee: $800.00
Lot Information
Acr / SF: 0.00 /
Lot Dim: 0x0
Land Use:  
Waterfront: N
Zoning: res
Utilities: GasHeat, HotAirHeat, EnrgyEfficientHt, GasHotWater, CentralAir, PublicWater, PublicSewer, 200-300AmpEl   Parking: 2-CarGarage, Att/BuiltInG, InsideAccess, GarDoorOpner, 2-CarParking, DrivewayPrk   Exterior: Sidewalks, StreetLights, VinylExt, StoneExt, ConcreteFoun, LevelLot, RearYard, ShingleRoof, Deck, NoPool   Bsmt: FullBasement, UnfinishBsmt   Interior: AccessPanel, OneFirePl, FamRoomFireP, Gas/Propane, FinishedWood, W/WCarpeting, Vinyl/LinFl, Cathedral/Va, 9Ft+Ceiling, CeilngFan(s), CableTVWired, EnrgyEfficntWdws, FulBathMnBed, WalkInClstMB, Foyer/VestEn, NoModifs/Unk, UpprFlrLndry   Kit: EatInKitchen, GasCooking, KitPantry, SelfClnOven, BuiltInDishW, EnrgyEfficntApl   Assn Inc: ComAreaMaint, SnowRemoval, TrashRemoval   Finance: ConventnalFi, FHA   Cond: Average+  

MLS #: 5972053  
MLS Area: 10619
Royersford Boro
County: Montgomery
Tax ID #: 0000000
Subdiv / Nei: None Available
School Dist: Springford
– High: Spring-Frd
– Middle: Spring-Frd
– Elem:  
Beds, Baths: 3     2/1
Ownership: FeeSimple
Type: Row/Townhous
Design: 2-Story
Style: CarriageHous , Colonial
Basement: Y
Age: 0   NewCon
Int SF: 2,314/    S
Unit Floor #:  
Central Air: Y
Internet: Y / Y

Rate on 30-year mortgage ticks up to 4%

The average rate on the 30-year mortgage hovered above the record low for a third straight week.

Freddie Mac said Thursday that the rate on the 30-year loan ticked up to 4 percent from 3.99 percent. Six weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research.

The average rate on the 15-year fixed mortgage rose to 3.31 percent from 3.30 percent. Six weeks ago, it hit a record low of 3.26 percent.

Rates have been below 5 percent for all but two weeks this year.

Bargainers agree to raise size of FHA-backed loans

Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives.
Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to $729,750 in the most expensive regions of the U.S. for the next two years. The ceiling had been raised to that level during the financial crisis, but by law it dipped down to $625,500 on Oct. 1.
However, in a bow to conservatives, the bargainers would not increase the current $625,500 limit on mortgages that can be backed in expensive communities by Fannie Mae and Freddie Mac, the government-controlled mortgage giants, and by the Veterans Affairs Department.

NAR: Gradual recovery for housing and economy in 2012

Although the housing market struggled to maintain an even footing in 2011, gradual improvement is expected in 2012 and beyond, according to projections at the 2011 Realtors® Conference & Expo.
Lawrence Yun, chief economist of the National Association of Realtors (NAR), said home sales should be stronger. “Tight mortgage credit conditions have been holding back homebuyers all year, and consumer confidence has been shaky recently,” he said. “Nonetheless, there is a sizeable pent-up demand based on population growth, employment levels and a doubling-up phenomenon that can’t continue indefinitely. This demand could quickly stimulate the market when conditions improve.”
Yun projects growth in Gross Domestic Product to be 1.8 percent this year, then rising moderately at a rate of 2.2 percent in 2012. With job growth of 1.7 to 2.2 million next year, the unemployment rate is expected to decline to 8.7 percent by the second half of 2012. Mortgage interest rates should gradually rise from recent record lows and reach 4.5 percent by the middle of 2012.
“Housing affordability conditions, based on the relationship between median home prices, mortgage interest rates, and median family income, have been at a record high this year,” Yun said. “Very favorable affordability conditions will dominate next year as well, which will probably be the second best year on record dating back to 1970. Our hope is that credit restrictions will ease and allow more homebuyers to take advantage of current opportunities.”

New rules aim to simplify refinancing for troubled homeowners

If you are a troubled homeowner hoping to refinance, pay attention next Tuesday as details come out on a new federal program that could make it easier starting in late December or early in 2012.
In the meantime, be sure you keep up with your mortgage payments so that you can qualify for the new deal.
The revised Home Affordability Refinance Program (HARP) could apply to a broader base of people.
If, for instance, you owe $100,000 on a house that would appraise at just $50,000 – too deep underwater for a conventional refinancing – you might be able to refinance under the new HARP. That was not true under the old HARP, launched in 2009, which had a 125 percent maximum on loan-to-value ratio.
The new plan is expected be a big help for many homeowners in states that have been hard hit by drastic drops in home values, such as Michigan, Florida, California, Arizona and Nevada.

Homeowners’ monthly mortgage down about 40%

Improving housing affordability mixed with low mortgage rates means that homeowners are paying a lot less for their monthly mortgage payment than they did just a few years ago. In fact, they’re paying nearly 40 percent less on their monthly mortgage payment than homeowners paid in 2006.
According to Fiserv, the monthly mortgage payment for a median-priced single-family home today is $700 – a drop of close to 40 percent from 2006, when it was $1,140.

U.S. foreclosure activity hit 7-month high in Oct.

More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.
Some 77,733 properties received an initial default notice last month, up 10 percent from September, foreclosure listing firm RealtyTrac Inc. said Thursday.
The number of homes scheduled to be auctioned or repossessed by lenders also posted monthly increases.
All told, notices of default, scheduled auctions and bank repossessions – warnings that can eventually lead to a home being lost to foreclosure – hit a seven-month high in October.
The numbers are further evidence foreclosure activity is picking up.
The activity slowed a year ago after problems surfaced with the way many lenders were handling foreclosure documentation, namely shoddy mortgage paperwork comprising several shortcuts known collectively as robo-signing. Many of the nation’s largest banks reacted by temporarily ceasing all foreclosures, re-filing previously filed foreclosure cases and revisiting pending cases to prevent errors.
But banks appear to be moving past those problems now and starting to tackle a swelling backlog of homes with mortgages that have gone unpaid – something that lenders are seeing more of as the economy struggles and unemployment remains high.
The rate that homeowners were 60 or more days late on their mortgage payment rose in the June-to-September period for the first time since the last three months of 2009, according to TransUnion.
The credit reporting agency said 5.88 percent of homeowners missed two or more payments, an early sign of possible foreclosure. That was up from 5.82 percent in the second quarter of 2011.
The number of U.S. homeowners underwater on their mortgage, or who owe more than their homes are worth, represents another potential source of trouble for lenders.
As of June 30, some 22.5 percent of all U.S. homes had a mortgage that was underwater, according to CoreLogic. That’s 10.9 million properties. Another 2.4 million borrowers had less than 5 percent equity in their home, the firm said.
A housing market turnaround isn’t likely to occur as long as there remains a glut of potential foreclosures hovering over the market, so October’s increase in foreclosure activity means a potentially faster revival for housing.