Archives: September 2011

Stats. Alert: August 2011

August 2011 wasn’t a great month when it comes to real estate world but overall it was a steady month. Statistic Values YoY MoM Total Sold Dollar Volume $127,588,604 +2.63% -5.56% Closed Sales 228 -2.15% -6.56% Median Sold Price $499,500 +13.52% -0.1% Avg Sold Price $559,599 +4.88% +1.07% Avg Days on Market 58 days 0% […]

Rules for Dropping Mortgage Insurance

 What do the mortgage insurance termination rules mean to the average person? Well here it is in plain English. Rules for dropping Conventional Private Mortgage Insurance (PMI) Automatic termination comes when the Loan to Value of your home reaches 78% LTV which is based on original value at the time of purchase. This is based […]