Crystal Coast Real Estate Market Report. Very Positive. Conditions not seen in almost 15 years!
Tag Archives: mortgage rates
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...Read more
We’ve got to spread the good news! Mortgage rates have nose-dived and are at near historic low levels. The opportunity is now to get interest rates that may not be seen again. Residential property inventory in some of the prime locations along the Crystal Coast are at supply levels not seen in 10 years that make sales conducive for both the seller and buyer. Mortgage Rates In terms of buying a home and getting a 30 year fixed mortgage, now is almost a once in a lifetime...Read more
Generally speaking, anyone in business or in sales is looking for bigger numbers. But sometimes big numbers can register a “false positive”. Sometimes what you are looking for are smaller numbers. It is in these areas we will look at and see why sometimes less is much, much better when dealing in real estate. But first, let’s take a year over year comparison of the month of May along the Crystal Coast. It proved to be a very...Read more
Fannie Mae, who is a “leading source of financing for mortgage lenders”, has just released poor economic outlook that actually holds some very wonderful news for those trying to sell or buy a house! In their recent report titled, “Economic Growth Outlook Subpar Again as 2016 Progresses. Consumers and Businesses More Cautious Amid Slowdown in Labor Market” Fannie Mae states that their, “full-year economic growth forecast” has been lowered to “1.7 percent, down from 1.9 percent growth in...Read more
Money.CNN is reporting on some very big mortgage rate news. In a video report titled, “Will You Ever See Mortgage Rates This Low Again” the host in this brief news segment talks about 3.59 percent rates for a 30 year mortgage and 2.88 percent for 15 year loans. The subtitle beneath the video reports says, “If you're looking to buy a home this spring, you're [sic] timing couldn't be better. Mortgage rates are hitting their lowest levels in years.” The news reports ends with this important thought....Read more
2015 looks to be a great year!
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...Read more
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