The best thing for all of us is seeing this happen! More people are buying and a few are refinancing. And the deals are actually going through!! Yeah!! Here is an interesting article that was recently published. Provide us your feedback at www.InvestSmarter.com
Mortgage Volume Up 7.5%, Rates Down The Mortgage Bankers Association reports a 7.5-percent increase in home loan demand during the week ended Aug. 29. The index indicates a 10.5-percent jump in purchase applications and a more modest 2.1-percent rise in refinancing requests. Additionally, the group's index tracking mortgages backed by the FHA surged 19.9 percent. Refi demand accounted for 34 percent of all application volume and adjustable-rate loans accounted for 6.6 percent--versus 35.2 percent and 7.9 percent, respectively, the prior week. The report also shows a drop in the 30-year fixed mortgage rate to 6.39 percent from 6.44 percent and a decrease in the one-year adjustable mortgage rate to 7.11 percent from 7.15 percent, while the 15-year fixed rate edged up to 5.96 percent from 5.94 percent. Source: MarketWatch, Amy Hoak (09/03/08)
For more information on Destin Real Estate please visit us online and for more information on Destin Florida Condominiums view our new Destin Florida Condo website for all availalbe properties along the emerald coast.
Friday, September 5, 2008
Sunday, August 3, 2008
Rates Drop, Should Help with What Buyers Can Afford
One of the biggest problems we continue to see is the minimum monthly payment scenario. We all can only afford so much. The problem is when we begin getting closer and closer to that out of pocket amount...many people push the envelop. We discuss this at www.InvestSmarter.com and try to provide a good outlay on where you put your money. Take it out of your pay before it hits your account if possible or set up multiple accounts. In today's market there are great buys. Just don't get yourself overextended. What we see below is going to hopefully continue for a while:
Daily Real Estate News August 1, 2008
Rates Drop Slightly on 30-Year Mortgages
Freddie Mac reports a decline in the 30-year fixed mortgage rate to 6.52 percent during the week ended July 31 from 6.63 percent the prior week, while the 15-year fixed mortgage rate dropped to 6.07 percent from 6.18 percent over the same time span. Additionally, the five-year adjustable mortgage rate slipped to 6.07 percent from 6.16 percent, and the one-year ARM fell to 5.27 percent from 5.49 percent. Analysts attribute the decrease in mortgage rates to the housing bill that recently was signed into law. Source: Baltimore Sun (08/01/08)
With these rates the Destin Florida Real Estate market should begin to see some wonderful increases. To search more Destin Florida Condominiums please click on this link and always feel free to search the entire Northwest Florida area online at www.RandBCoastalRealEstate.com
Daily Real Estate News August 1, 2008
Rates Drop Slightly on 30-Year Mortgages
Freddie Mac reports a decline in the 30-year fixed mortgage rate to 6.52 percent during the week ended July 31 from 6.63 percent the prior week, while the 15-year fixed mortgage rate dropped to 6.07 percent from 6.18 percent over the same time span. Additionally, the five-year adjustable mortgage rate slipped to 6.07 percent from 6.16 percent, and the one-year ARM fell to 5.27 percent from 5.49 percent. Analysts attribute the decrease in mortgage rates to the housing bill that recently was signed into law. Source: Baltimore Sun (08/01/08)
With these rates the Destin Florida Real Estate market should begin to see some wonderful increases. To search more Destin Florida Condominiums please click on this link and always feel free to search the entire Northwest Florida area online at www.RandBCoastalRealEstate.com
Tuesday, April 22, 2008
Groups Add Driving to Home Cost
Daily Real Estate News April 22, 2008
Groups Add Driving to Home Cost
The real cost of housing is significantly higher than we think when transportation is factored into the equation, according to a joint study by the Center for Neighborhood Technology and the Center for Transit Oriented Development.These organizations have developed a database that measures affordability in 52 major metropolitan areas around the country. Its interactive maps show the cost of housing alone as a percentage of income and then the cost of housing plus transportation as an income percentage.The farther from public transportation a community is located the higher its cost of living. In some cities, the cost of housing is less than 30 percent of income, but when transportation is added in the costs can be as much as 65 percent of income. "Gasoline at $1 and gasoline at $3 are whole different worlds," says Dave Van Hattum, program manager for the St. Paul-based Transit for Livable Communities. "This (Web site) map brings it home to people."Source: Center for Neighborhood Technology and St. Paul Pioneer Press, Bob Shaw (04/22/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Destin-Florida-Condominiums.info
Groups Add Driving to Home Cost
The real cost of housing is significantly higher than we think when transportation is factored into the equation, according to a joint study by the Center for Neighborhood Technology and the Center for Transit Oriented Development.These organizations have developed a database that measures affordability in 52 major metropolitan areas around the country. Its interactive maps show the cost of housing alone as a percentage of income and then the cost of housing plus transportation as an income percentage.The farther from public transportation a community is located the higher its cost of living. In some cities, the cost of housing is less than 30 percent of income, but when transportation is added in the costs can be as much as 65 percent of income. "Gasoline at $1 and gasoline at $3 are whole different worlds," says Dave Van Hattum, program manager for the St. Paul-based Transit for Livable Communities. "This (Web site) map brings it home to people."Source: Center for Neighborhood Technology and St. Paul Pioneer Press, Bob Shaw (04/22/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Destin-Florida-Condominiums.info
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