Can I Refinance My Current Home If I Have It Up For Sale?
Updated Oct. 9, 2013
Last week Florida home loan interest rates dropped even lower. While already at historic lows many homeowners who have been unable to sell their home quickly considered keeping their home if they can refinance to a low enough interest rate thus seeing an improvement in their monthly mortgage payment.. Our...

Florida Home Mortgage Market Guide
Updated Oct. 9, 2013
Last week we had a large rally, but over all we had a relatively quiet week for mortgage rates, Florida mortgage rates included. In the economic reports released this week, inflation remained low and the economic growth data was mixed. Florida mortgage rates ended the week with very little change.. Retail Sales...

Florida Home Mortgage Market Guide
Updated Oct. 9, 2013
Last week Frank Nothaft, vice president and chief economist at Freddie Mac was quoted with "Mortgage rates nudged lower this week as consumer spending showed signs of weakness. Retail sales contracted for the second time in three months, falling 0.4 percent in March. In addition, the University of Michigan...

Affordability Is At An All Time Low
Updated Oct. 9, 2013
In 1980, the average home price was just over 90k. Now in day the average home price is just over 180k. Taxes and Insurance in the early 80's were about $150 per month less than they are today. However, mortgage rates back then were over 12%, compared to today's which are around 3.5%. The total mortgage...

Florida Home Mortgage Market Guide
Updated Oct. 9, 2013
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac. "The housing market is getting a boost with mortgage rates hovering at or near record lows. For instance, existing home sales averaged an annualized pace of 4.94 million over the first three months of this year, the most since the...