Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments on home purchases and refinancings. Mortgage company Freddie Mac said Thursday that the average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week. That’s the … Read More »
Mortgage Rates
Mortgage Rates Drop To Historic Lows
Thursday, June 24th, 2010New Home Sale For March 2010 Jump 26.9%
Friday, April 23rd, 2010According to a government report, new home sales jumped 26.9 percent for the month of March. This was the largest advance since April of 1963. This rebound can be attributed to several factors. The tax credit for first time home buyers is about to expire April 30th so there is … Read More »
Orlando Home Sale Market Report For January 2010
Thursday, January 21st, 2010The final numbers for 2009 are in and as expected the overall results were quite positive for the Orlando area Real Estate market. We saw a 59.31% increase in sales over the same period for 2008, The inventory of homes dropped by 25% , the number of properties under contract … Read More »
Federal Reserve Will keep Key Rates At Record Low
Monday, August 10th, 2009As signs of the economy begin to improve the Federal Reserve board is expected to keep Key Rates at historic lows. These key rates are what the treasury charges banks to borrow money then in return the Banks loan this money to customers and businesses. The Fed had hoped that … Read More »
Home Prices in Florida Hold Steady For May Sales
Wednesday, June 24th, 2009The Florida Association of Realtors reports that the median price for Single Family homes in May 2009 was $144,400. This is an increase of 4.3% from April which was $138,500. While this increase does not show a trend, it is a positive indicator that home prices are starting to stabilize. … Read More »