Tag Archives: credit

Mortgage Rates and the Talking Heads

In 1980 the band the “Talking Heads” had a hit song called, “Once in a Lifetime”. One of the repeating lyrics of the song was, “Same as it ever was. Same as it ever was”. Who would have ever thought that 37 years later that the David Byrne lyric would be used to describe the mortgage rates! For the third straight week BankRate.com is reporting that the average rate for a 30 year fixed mortgage is at 3.56 percent. And the forecast for that 3.56...
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Crystal Coast Home and Mortgage Report

Local conditions affect price. National conditions affect financing. There have been a lot of changes nationally that affect the sale of real estate locally . Let’s take a look at what they are. The National Association of Home Builders report that as of September, “291 metropolitan areas across the country now qualify as improving housing markets”. This is determined by looking at local employment, new construction permits issued and home appreciation rate. 80 percent of the designated…

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Mortgage Rates Spike Then Slide

Mortgage rates climbed at the fastest pace in two months last Friday, May 3 as a result of the just released “Employment Situation Report” for April. This report which is a product of the US Bureau of Labor showed that unemployment decreased by 673,000 since the beginning of the year. Good news in the job market tends to cause lending rates to increase….

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