Real estate blog entries tagged with financing by John Elwell (CENTURY 21 Bill Nye Realty, Inc)

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financing: 30 Year Fixed-Rate Mortgage Interest Up Slightly, 15 Year Fixed-Rate Mortgage Interest Unchanged - 12/28/07 08:19 PM

Yesterday 12/27/07, Freddie Mac reported that the average mortgage interest rates for 30 year fixed-rate loans were up just a bit and 15 year fixed-rate interest rates remained unchanged. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.17% (6.17% in the southeast), up from 6.14% a … (0 comments)

financing: Housing Market Continues to Drag, Yet Interest Rates Keep Falling - 11/23/07 10:49 PM

On 11/21/07, Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans were virtually unchanged from last Thursday's averages. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.20% (**% in the southeast), down from 6.24% a week ago. The … (1 comments)

financing: Finding Financing for Older Mobile Homes in Zephyrhills, Florida and in Other Areas - 10/27/07 06:56 PM

In Zephyrhills, Florida and in other parts of the country (especially in southern states), there are many mobile home subdiviisons. Here a lot of them are registered 55+ parks. These types of dwellings are affordable dwellings for winter visitors and year round residents. If they are on their own land … (0 comments)

financing: National Association of Home Builders (NAHB) Applauds Federal Reserve Move to Calm Markets - 08/18/07 04:57 PM

In response to the troubles in the credit markets, evidenced by the large numbers of mortgage lenders jumping off the cliffs like lemmings, the Federal Reserve lowered the discount rate that it charges banks by 1/2 of a percentage point. They felt that the crisis had arrived at a point … (0 comments)

financing: Tips For Avoiding Predatory Lenders in Florida and the Rest of the United States - 07/09/07 10:40 AM

A couple of years ago I had some buyers I was working with. They chose to use a mortgage broker that I was unfamiliar with. All seemed to go well until we got to the closing table. It appeared that the loan terms the buyers had been given earlier on … (0 comments)

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