homes for sale: 55+ Housing Market is one of the Strongest in the Country
- 01/23/15 06:40 AM
LAS VEGAS – Jan. 23, 2015 – The 55+ housing market fared quite well in 2014, and 2015 should be no different, according to industry experts at a press conference held today at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas.
"The 55+ housing market has been one of the healthiest segments of the overall housing market, and is likely to remain that way over the next several years," said Paul Emrath, NAHB's vice president of survey and housing policy research. "When you look at age-restricted single-family starts, there were as many in the first … (0 comments)
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homes for sale: Good Economic News on Many Fronts, Including Lower Mortgage Rates!
- 01/15/15 09:20 AM
Yesterday, 1/15//2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.66% down from 3.73% last week. The average interest rate for 15 year fixed-rate mortgages was 2.98%, down from 3.05% last week. A year ago the 30 year rate was 4.41%.
Freddie Mac's spokesperson said, "Mortgage rates fell for the third consecutive week as oil prices plummeted and long term treasury yields continued to drop despite a strong employment report. The economy exceeded expectations by adding 252,000 jobs in December which followed an upward revision of 50,000 jobs to the prior
two months. The unemployment rate … (0 comments)
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homes for sale: Starting 2015 with Lower Mortgage Interest Rates
- 01/08/15 07:46 AM
Yesterday, 1/8//2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.73% down from 3.87% last week. The average interest rate for 15 year fixed-rate mortgages was 3.05%, down from 3.15% last week. A year ago the 30 year rate was 4.51%.
Freddie Mac's spokesperson said, "Mortgage rates fell to begin the year as 10-year Treasury yields slid beneath 2 percent for the first time in three
months. Meanwhile, the Fed minutes indicated ongoing discussion regarding the timing of the first rate hike. Of the few economic releases this week, ADP Research
Institute reports the private sector … (0 comments)
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homes for sale: We End 2014 with Low Mortgage Interest Rates
- 01/01/15 06:05 AM
Yesterday, 12/31//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.87% up from 3.83% last week. The average interest rate for 15 year fixed-rate mortgages was 3.15%, up from 3.10% last week. A year ago the 30 year rate was 4.53%.
Freddie Mac's spokesperson said, "While mortgage rates edged up this week, they remain near 2014 lows. Looking at full year data, the 30-year fixed-rate average for 2014 was 4.17 percent, the highest annual average since 2011. Also, the Conference Board reported that confidence among consumers rose in December and the S&P/Case-Shiller Seasonally-Adjusted National house price … (1 comments)
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homes for sale: At Christmas 2014 Mortgage Interest Rates Remain Very Low
- 12/24/14 06:10 AM
Today, 12/24//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.83% up from 3.80% last week. The average interest rate for 15 year fixed-rate mortgages was 3.10%, up from 3.09% last week. A year ago the 30 year rate was 4.48%.
Freddie Mac's spokesperson said, "Mortgage rates were up slightly, following a week of mixed economic releases. Existing home sales were down 6.1 percent in November to annual rate of 4.93 million units, below economists' expectations. New home sales fell 1.6 percent last month to an annual rate of 438,000, also below expectations. Meanwhile, the … (0 comments)
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homes for sale: After Last Week's Increase, Mortgage Interest Rates Drop to New Lows!
- 12/18/14 05:48 AM
Today, 12/18//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.80% down from 3.93% last week. The average interest rate for 15 year fixed-rate mortgages was 3.09%, down from 3.30% last week. A year ago the 30 year rate was 4.47%.
Freddie Mac's spokesperson said, "The 30-year fixed mortgage rate dropped to its lowest point of 2014 this week. Mortgage rates fell along with 10-year Treasury yields, which closed at their lowest level since May 2013. November housing starts came in at a seasonally adjusted annual rate of 1.028 million starts, down 1.6 percent from an upwardly-revised … (0 comments)
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homes for sale: Mortgage Interest Rates Creep Upward a Bit - Still Under 4%
- 12/11/14 01:46 AM
Today, 12/11//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.93% up from 3.89% last week. The average interest rate for 15 year fixed-rate mortgages was 3.20%, up from 3.10% last week. A year ago the 30 year rate was 4.42%.
Since rates are still below the 4% mark, that makes homes much more affordable, even though prices for the homes themselves are creeping higher as well. So give serious thought to making a move. Once the New Year begins and the other party takes control of Congress, who knows what can happen. I am … (0 comments)
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homes for sale: Mortgage Interest Rates Drop to Lowest Level Since May 2013
- 12/04/14 05:47 AM
Today, 12/4//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.89% down from 3.97% last week. The average interest rate for 15 year fixed-rate mortgages was 3.10%,down from 3.17% last week. A year ago the 30 year rate was 4.46%.
The rate of 3.89% is the lowest it has been since May of 2013! Are you going to take advantage of this situation and buy a home? Don't wait until rates go back above the 4% point and beyond!
Freddie Mac's spokesperson said, "Mortgage rates were down across the board on a week of underwhelming … (0 comments)
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homes for sale: December 2014 Real Estate Newsletter from John Elwell in Florida
- 12/03/14 07:34 AM
My December 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download December 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
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homes for sale: 2014 Annual Tree Lighting Celebration in Zephyrhills, FL. Our 30th!
- 12/02/14 07:32 AM
On Sunday, December 7, 2014, Zephyrhills, Florida will hold its annual tree lighting event for the 30th year! It will take place on the grounds of the Florida Hospital Zephyrhills on US 301, just north of the center of the town. The event will last from 1:00 PM to 6:30 PM.
There will be 53 decorated trees on display. Light refreshments will be served and guests are encouraged to bring lawn chairs along with their friends and families. I am sure one and all will enjoy this wonderful community event.
The schedule of events for the day is as follows:
1:00 … (1 comments)
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homes for sale: Mortgage Interest Dips Below 4% Yet Again!
- 11/20/14 06:15 AM
Today, 11/20//2014, ;Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.99% down from 4.01% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%,down from 3.20% last week. A year ago the 30 year rate was 4.22%.
Freddie Mac's spokesperson said, "Fixed mortgage rates were slightly down as housing starts declined 2.8 percent in October below the upwardly revised September rate. However, building permits increased 4.8 percent in October after a 2.8 percent boost a month earlier. Lastly, industrial production slipped by 0.1 percent in October, below the market consensus forecast."
… (0 comments)
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homes for sale: Mortgage Interest Rates Continue to Circle the Lowest Levels of 2014
- 11/13/14 05:26 AM
Today, 11/13//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.01% down from 4.02% last week. The average interest rate for 15 year fixed-rate mortgages was 3.20%, down from 3.21% last week. A year ago the 30 year rate was 4.35%.
Freddie Mac's spokesperson said, "Fixed mortgage rates were slightly down on mixed results from October's employment report. While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings."
The economy is … (0 comments)
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homes for sale: Mortgage Interest Rates a Bit Higher for the Second Week
- 11/06/14 05:46 AM
Today, 11/6//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.02% up from 3.98% last week. The average interest rate for 15 year fixed-rate mortgages was 3.21%, up from 3.13% last week. A year ago the 30 year rate was 4.16%.
Freddie Mac's spokesperson said, "Mortgage rates continued to rise this week with the 30-year fixed-rate mortgage eclipsing the 4 percent mark. The rate increases coincide with real Gross Domestic Product beating consensus expectations of 3.0 percent growth by growing at an annualized rate of 3.5 percent in the third quarter. The ISM Manufacturing Index also beat expectations … (0 comments)
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homes for sale: John Elwell's November 2014 Florida Real Estate Newsletter is Here!
- 11/05/14 06:50 AM
My November 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download November 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
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homes for sale: Mortgage Interest Rates Bounce Back Higher This Week
- 10/30/14 07:11 AM
Today, 10/30/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.98% up from 3.92% last week. The average interest rate for 15 year fixed-rate mortgages was 3.13%, up from 3.08% last week. A year ago the 30 year rate was 4.10%.
Freddie Mac's spokesperson said, "Mortgage rates grew across the board this week, rebounding from the lowest rates of the year. New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of … (0 comments)
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homes for sale: Mortgage Interest Rates Fall to Lowest Level in 2014 Again This Week!
- 10/23/14 03:11 AM
Today, 10/23/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.92% down from 3.97% last week. The average interest rate for 15 year fixed-rate mortgages was 3.08%, down from 3.18% last week. A year ago the 30 year rate was 4.13%.
Freddie Mac's spokesperson said, "Fixed mortgage rates continued to fall this week after the yield on 10 year Treasuries dropped to their lowest point of the year. Existing home sales beat expectations in September clocking in at an annual rate of 5.17 million units, up 2.4 percent from August. Housing starts were up 6.3 percent in … (0 comments)
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homes for sale: For the First Time in 2014, Mortgage Interest Rates Drop Below 4%!
- 10/16/14 09:41 AM
Today, 10/16/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.97% down from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.18%, down from 3.30% last week. A year ago the 30 year rate was 4.28%.
Freddie Mac's spokesperson said, "Mortgage rates were down sharply following the decline in the 10-year Treasury yield for the second straight week. Rates are at their lowest levels since June 2013 amidst continued investor skepticism regarding the precarious economic situation in Europe."
Do keep in mind that we are a very large country, So figures … (0 comments)
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homes for sale: October 2014 Real Estate Newsletter from John Elwell is Ready for You!
- 10/03/14 09:13 AM
My October 2014 Real Estate Newsletter is now available for download as a PDF (Adobe Acrobat) file that all computers should be able to open.
Just click on the following link to download this month's newsletter: Download October 2014 Newsletter
I hope that you will find this month's articles interesting and helpful.
If you would like to receive these newsletters automatically each month in the future, just send me an e-mail and let me know. I would be glad to add you to my e-mailing list. You can e-mail me at: jelwell1@tampabay.rr.com or call me at: 813-783-4444
I also invite you … (0 comments)
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homes for sale: Mortgage Interest Rates Remain Very Stable This Week
- 10/02/14 09:27 AM
Today, 10/2/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.19% down from 4.20% last week. The average interest rate for 15 year fixed-rate mortgages was 3.36%, unchanged from 3.36% last week. A year ago the 30 year rate was 4.22%.
Freddie Mac's spokesperson said, "Mortgage rates were flat to slightly down across the board as the Gross Domestic Product was revised up from 4.2 percent to 4.6 percent for the second quarter and the S&P/Case-Shiller National House Price Index was up a seasonally adjusted 0.2 percent for July and up 5.6 percent from the prior July. Pending … (0 comments)
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homes for sale: Mortgage Interest Rates a Bit Higher, But Still Very Low!
- 09/11/14 07:10 AM
Today, 9/11/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.12% up from 4.10% last week. The average interest rate for 15 year fixed-rate mortgages was 3.26%, up a little from 3.24% last week. A year ago the 30 year rate was 4.57%.
Interest rates and inventory level are still low. But finally we are seeing sellers who bought after the "boom" make some money on their sales rather than just breaking even or even having to bring money to closing just to get the sale done. Hopefully that will only increase in the future as prices … (0 comments)
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LAS VEGAS – Jan. 23, 2015 – The 55+ housing market fared quite well in 2014, and 2015 should be no different, according to industry experts at a press conference held today at the National Association of Home Builders (NAHB) International Builders' Show (IBS) in Las Vegas.
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