rightAsbestos Information
Asbestos is a tiny fiber that was used in the past primarily as insulation. It was also added to some building materials to provide added strength and flame resistance. The problem with asbestos is that it has been shown to cause lung cancer and mesothelioma in individuals that were exposed to large amounts of free-floating asbestos fibers in the air. These conditions typically did not become apparent until around 30 years after the exposure. Because of the health hazards of asbestos fibers, its use in insulation and paint was banned in the 1970’s. 

What you need to know about asbestos
Homes built prior to the 1970’s could contain asbestos in insulation, plumbing, paint, wall joint compound, and other building materials. However, as long as the materials are in good condition, they pose no danger. Asbestos is only a threat if the fibers are released into the air and can be inhaled. 

Renovations or demolitions of materials containing asbestos can release the fibers into the air. Therefore, the National Emissions Standards for Hazardous Air Pollutants (NESHAP) requires the owner of any property containing asbestos building materials to get an asbestos inspection prior to any demolitions or renovations of that property. 

leftHow can asbestos be removed?
If your home contains asbestos, you have two options:  removal of the material or sealing the material to prevent it from releasing fibers. Either option requires the help of a trained professional.

How do I know if my home contains asbestos?
If you suspect your home or a home you are considering buying may contain asbestos, it’s vital you get a thorough inspection by a qualified professional. Asbestos can only be detected by a special microscope. Our inspectors are trained in asbestos detection and will take samples from your home for further analysis. Please contact our office for further information.

 


Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed3.87%4%
15-yr Fixed3.14%3.31%
1-yr Adj2.76%3.42%
* national averages



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Mortgage Daily News:
 
MBS Relative Performance and Bond Duration - An Intro
2/7/2012 2:06 PM

Posted To: Secondary Markets

MBS went through an interesting Employment Friday.  I know it’s hard to remember back after a long weekend (especially for N.E. fans), but the bond market sold off pretty substantially on Friday after a better-than-expected employment report.&nbs...Read More

 
MBS and Treasuries Battling Back After 3yr Auction, Greece News
2/7/2012 1:31 PM

Posted To: MBS Commentary

Bond markets had already been trending into negative territory leading up to today's 3yr auction, but took a turn for the worse afterwards with some help from a few newswires out of Greece. All that is detailed in the following alert from MBS Live. 3 Year Auction Moves The Whole St...Read More
 
Majority of States Reported on Board with Robo-Signing Settlement
2/7/2012 10:29 AM

Posted To: MND NewsWire

Details are still sketchy, but apparently a settlement has been agreed upon between five major banks and a majority of the states' attorneys general. The settlement involves Bank of America, Wells Fargo, Citigroup, JPMorgan Chase, and Ally Financial and arises out of charges that the banks and thei...Read More
 
MBS MID-DAY: 2/7/2012
2/7/2012 10:17 AM

Posted To: MBS Commentary

MBS Live : MBS MID-DAY Open MBS Live Dashboard FNMA 3.5 103-17 : -0-10 FNMA 4.0 105-15 : -0-07 FNMA 4.5 106-23 : -0-05 FNMA 5.0 108-00 : -0-04 GNMA 3.5 104-32 : -0-08 GNMA 4.0 107-21 : -0-08 GNMA 4.5 109-02 : -0-05 GNMA 5.0 110-27 : -0-05 FHLMC 3.5 103-08 : -0-10 FHLMC 4.0 105-03 :...Read More
 
Google Ends Mortgage Ads; Streamlines to be Nixed from FHA Compare Ratios; Servicing Agreement Bumping Along
2/7/2012 10:00 AM

Posted To: Pipeline Press

This is Black (African-American) History Month. The event began as Black History Week in 1926. For many years, the second week of February was set aside for this celebration to coincide with the birthdays of abolitionist/editor Frederick Douglass and Abraham Lincoln ...Read More
 
The Day Ahead: Relatively Insignificant Scheduled Events
2/7/2012 6:59 AM

Posted To: MBS Commentary

There are all sorts of ways to divide market moving information into different categories. One of our favorites is also one of the most broad: scheduled vs unscheduled. At first glance, it might seem a bit odd to classify something scheduled as "market moving information" before it...Read More
 
January Housing Scorecard Released by HUD, Treasury
2/6/2012 3:41 PM

Posted To: MND NewsWire

The Departments of Housing and Urban Development (HUD) and Treasury issued the administration's January Housing Scorecard on Monday. The report is essentially a summary of data on housing and housing finance released by public and private sources over the previous month and/or quarter. Most of the ...Read More
 
Industrial and Multi-family Loans Drive Annual CRE Increase
2/6/2012 3:17 PM

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) reports that commercial and multifamily loan originations were down 7 percent in the fourth quarter of 2011 compared to the third quarter but were 13 percent higher than originations in the fourth quarter a year earlier. The year-over year change was driven by...Read More
 
MBS RECAP: 2/6/2012
2/6/2012 3:17 PM

Posted To: MBS Commentary

MBS Live : MBS RECAP Open MBS Live Dashboard FNMA 3.5 103-28 : +0-05 FNMA 4.0 105-23 : +0-07 FNMA 4.5 106-27 : +0-02 FNMA 5.0 108-02 : +0-04 GNMA 3.5 105-08 : +0-05 GNMA 4.0 107-29 : +0-05 GNMA 4.5 109-07 : +0-03 GNMA 5.0 110-30 : +0-02 FHLMC 3.5 103-19 : +0-04 FHLMC 4.0 105-11 : +...Read More
 
European Headlines Help Mortgage Rates Bounce Back
2/6/2012 2:34 PM

Posted To: Mortgage Rate Watch

Following Friday's employment data, Mortgages Rates moved quickly higher. In most cases, the changes were seen not in the quoted interest rates themselves, but rather in the closing costs required to obtain those rates. A small number of lenders' Best-Execution rates rose to 4.0%, ...Read More




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