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
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