Tag Archives: mortgage interest rates

Mortgage Rates Are Getting Ready To….

Mortgage rates. Where are they and what are they getting ready to do? Last December 31, 2013 the 30 year fixed mortgage rate was at 4.69 percent. That’s the highest it has been over a 3 month period. Right now the mortgage rate for a 30 year fixed is hovering around 4.5 percent. A year ago it was a full percentage point lower than that. But what does the future hold? On January 28-29 the Federal Open Market Committee (FOMC) will hold one of eight scheduled...
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Crystal Coast Real Estate Market Report

Here is the painful truth about the Crystal Coast real estate market place. The Crystal Coast has a Wal-Mart size of inventory but it has a convenience store sized customer base. The area has never been able to handle successfully more than 1,000 active homes for sale at a single time. We’ve been above 2,000 active properties since the year 2005. Normally when you have an excess of inventory you reduce price to motivate sales. Crystal Coast homes are on average about 10 percent...
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Crystal Coast Real Estate and Home Report

Fall real estate activity can be interesting along the Crystal Coast. October for example is traditionally one of the most active sales month of the year. With the month of September nearly under our belt, how is the end of the year starting to shape up? What about Crystal Coast home prices? The home market looks in decent shape. The average price of a Crystal Coast home is currently at $219K with a 16 month supply of inventory.

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Mortgage Interest Rates On 5 Week Rise

Mortgage interest rates are on the rise. For five consecutive weeks 30 year fixed mortgage interest rates have gone up and it has caused a panic in both the lending and housing markets. The weekly rise has averaged 10 points bringing interest rates that were around 3.50 percent to currently tipping over the 4 percent mark. Applications for home loans have spiraled down. Why the rapid increase in historically low mortgage…

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Crystal Coast Housing Market Report – May 2013

Crystal Coast. Big news in real estate mortgage rates came at the end of the month of May. The average 30 year fixed mortgage rate hit a yearlong high at 3.99 percent. The last time 30 year rates were that high was May 2, 2012 when it was at 4.02 percent. Ironically last year’s figure marked an all time low for mortgage interest rates….

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Hot Real Estate Market

Hot Real Estate Market! Really? For the past three consecutive Tuesday’s some type of great news about the real estate market and home prices have been released. The news has come from typical sources like the National Association of Realtors. But network news and even the President of the United States have offered up a much needed reprieve from the years of real estate bankruptcy…

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