mortgage rates: Buying a House Tips: The Elusive 3% Loan Rate and What to Expect
- 07/20/23 06:14 AM
Are you waiting for the 3% mortgage loan rate to return? Discover why economists believe it may never happen and get practical tips for buying a house in the current rate atmosphere. If you've been holding off on buying a house due to the current interest rates, you might need to rethink your timeline. The highly desirable 3% loan rate that we witnessed in 2021, as reported by Freddie Mac, may not be making a comeback. Here's why. The unprecedented circumstances that led to historically low rates, such as the global pandemic in 2020, are not likely to repeat anytime soon. Economists unanimously … (2 comments)
mortgage rates: Buying a home vs renting. What's the difference?
- 10/14/22 05:54 AM
Buying vs renting Are you trying to decide if it makes more sense to rent or buy a home today? If so, here’s what you need to know. Renting and owning are fundamentally different in so many ways. And owning a home has the power to change your life. Take a look at this. The net worth of a homeowner is significantly greater than a renter. On average, a homeowner’s net worth is about three-hundred-thousand dollars. On the other hand, a renter’s net worth is about eight thousand dollars. Let that sink in for a moment. That means a homeowner’s net worth … (2 comments)
mortgage rates: Mortgage Rates Today. Where are They Headed?
- 09/16/22 06:22 AM
Mortgage Rate Predictions As inflation rose this year, interest rates climbed significantly too. According to the latest data from NAR, today, the typical monthly mortgage payment is now almost seven hundred dollars higher than it was a year ago. If that’s making you press pause on your home search, I get it. But here’s the thing. Experts project mortgage rates should start to stabilize, not continue their steep climb. This chart shows the latest mortgage rate projections from several industry experts. On average, they’re forecasting rates will remain fairly steady over the next four quarters, hovering in the low-five percent range. The … (2 comments)
mortgage rates: Renting or Buying a home?
- 10/10/11 11:13 AM
Housing affordability is at an all time high. Interest rates at record lows and home prices reflective of those in 2001. More house for the money and you can own now cheaper than paying rent. The video below references the record low for the national average for a 30 year fixed rate mortgage of 3.94% and focuses on payments using a VA loan and FHA loan scenario based on this interest rate. The fact is....you're paying a mortage. Is it your mortgage or someone elses? www.ShopJacksonvilleHomes.com www.ShopJacksonvilleForeclosures.com www.ShopJacksonvilleWaterfront.com Mike & Cindy Jones, Realtors 904 874-0422 Keller Williams Realty … (1 comments)
mortgage rates: Mortgage rates sliding up?
- 04/02/10 08:08 AM
Find Jacksonville homes for sale now 30-Year Rate Back Above 5 Percent Mortgage rates rose to 5.08 percent from 4.99 percent a week ago, pushing the average interest rate offered on 30-year fixed-rate mortgages to its highest level since the first week of 2010, according to Freddie Mac. The increase in mortgage rates occurred as long-term interest rates rose higher due to concerns about inflation as the economy improves, and as the Federal Reserve ended its program to buy $1.25 trillion in mortgage-backed bonds issued by Fannie Mae, Freddie Mac and other government-sponsored agencies. Also, the 15-year fixed mortgage rose to … (0 comments)
mortgage rates: 10 Things to Know About Real Estate in 2010
- 01/03/10 05:10 AM
Jacksonville Real Estate Listings 10 Things to Know About Real Estate in 2010 by Luke MullinsTuesday, December 29, 2009provided by Is 2010 the year to buy a house? It certainly looks that way: After a steep run-up in prices during the first half of the decade, home values have plummeted back to 2003 levels. Fixed mortgage rates are sitting near record lows. And the foreclosure epidemic--while painful for many home owners--has created some wonderful opportunities for bargain hunters. If that's not enough, Uncle Sam is handing out thousands of dollars in tax credits to nearly all first-time buyers and the bulk … (4 comments)
mortgage rates: Still enjoying FANTASTIC mortgage interest rates!
- 05/15/09 06:25 AM
Rates Below 5% for Ninth Week Straight Freddie Mac reports a slight rise in the 30-year fixed mortgage rate to 4.86 percent during the week ended May 14 from 4.84 percent the previous week.Rates have been below 5 percent for nine weeks in a row. Last year at this time, the average 30-year rate was 6.01 percent.The 15-year fixed mortgage rate climbed to 4.52 percent from 4.51 percent. Meanwhile, the five-year adjustable mortgage rate slipped to 4.82 percent from 4.9 percent; and the one-year ARM fell to 4.71 percent from 4.78 percent. Freddie Mac collects mortgage rates on Monday through Wednesday … (1 comments)
mortgage rates: If you ain't buyin' now.....when will you??
- 01/16/09 04:08 AM
If you have been waiting for the perfect time to own your own home in Jacksonville, Orange Park, Middleburg or anywhere in Northeast Florida.....Read This! Mortgage rates dropped to their 11th straight weekly decline, reaching new record lows, according to Freddie Mac. Interest rates on 30-year, fixed rate mortgages averaged 4.96 percent this week, down from a previous week's 5.01 percent. The low rates have caused a spike in home refinancing loans and a welcome relief to cash-strapped home owners facing a slowing economy and rising unemployment rates. "The fact that interest rates have dropped to a record low is an … (0 comments)
mortgage rates: Thanks! I think????
- 01/08/09 11:19 AM
Banks Offer Mortgage Rates Below 5 Percent Homes for sale in Jacksonville and Orange Park Florida have never looked better! Thanks to good 'ole Uncle Sam and a move by the Federal Reserve intended to "perk up" the ailing residential real estate market, some major banks across the nation are offering Fixed Home Loans under 5%...yea baby! The Federal Reserve began purchasing $500 billion in mortgage securities backed by Fannie and Ginnie Mae and Freddie Mac. For anyone who has ever dreamed of owning a home...this is your chance! The money is cheap and there are many fantastic deals to be had. Real estate is and always … (0 comments)
It's finally here! We have been waiting ever so patiently for the interest rates to fall but prior to today they had been stubbornly high. Everyone in the mortgage industry realized that rates should be lower than they have been but due to the amazingly historic events of the past year every time they began to fall some record breakign headline with cause the rates to rise again. What … (0 comments)
Selling your Jacksonville or Orange Park home, vacant land investment property in todays highly competitive real estate market. Pricing and marketing are the name of the game today. Buyers, get information on how to take advantage of one of the best buyers markets ever
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