After high numbers out of the Palm Beach County foreclosure auctions last week the numbers dropped this week and that is an understatement. In fact you could say they dropped like a large rock dropped from a hot air balloon. We are seeing a lot of news lately about how foreclosures are down; in fact one report last week reported a 40- month low across the country and these are generally speaking of initial filings but this is the first sign I have seen at the end of the process. Is (1 comments)
Interest rates decreased last week for the 3rd week in a row and brings us a new 21 week low for 30 year fixed mortgages. This marked the 1st time since September 5th of last year that we have seen rates slide for 3 consecutive weeks. Rates still remain very low and the market remains perfect for buyers and those who still have not taken this historical opportunity to purchase or refinance. As of Sunday the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate (2 comments)
Interest rates down for the 1st time in four weeks
Interest rates increased decreased last week for the first time in a month and still remain very low and the market remains perfect for buyers and those who still have not taken this historical opportunity to refinance. As of Sunday the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.85% down 5 basis points from the 4.90% we were at last week. Remember this is the average overnight rate and those with good credit will still be able to (7 comments)
Interest rates increased again last week but still remain very low and the market remains perfect for buyers and those who still have not taken this historical opportunity to refinance. As of Sunday the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.90% up 6 basis points from the 4.84% we were at last week. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages. The overall sentiment (4 comments)
Interest rates increased again last week but still remain very low and the market remains perfect for buyers and those who still have not taken this historical opportunity to refinance. As of Sunday the average overnight rate, as reported by Bankrate.com, for a 30 year fixed rate sits at 4.84% up 3 basis points from the 4.81% we were at last the previous week. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages. The overall (0 comments)
florida realtor: Investors I think You Missed the Easy Money Bus in South Florida Real Estate
- 03/15/11 11:54 PM
I have spent the last couple hours updating some information for investors that I work with and thought I would share this part of an e-mail I just shot off;No matter what you might read or hear, the south Florida real estate market has been on fire. To give you an idea I just updated another investor who regularly participated in bank owned offerings at one of my favorite target "investor" developments in Palm Beach Gardens. We could buy 1 bedroom units in there in the low to mid $60,000's not more than a couple months ago. It had been about (1 comments)
For the third straight week, we have seen an increase in the 30 year fixed rate but again in was a small one of only 5 basis points. It has been 7 weeks since we last saw three weekly increases in a row but certainly we are not seeing the volatility in the markets and rates seem to be “settling” in to a tighter trading range. As of this morning, the average overnight rate for a 30 year fixed rate sits at 4.89% up from the 4.84% we were at a week ago. Remember this is the (2 comments)
florida realtor: Interest Rates Up Slightly for the 2nd Straight Week
- 01/29/11 09:55 PM
For the second straight week, we have seen an increase in the 30 year fixed rate but again in was a small one of only 4 basis points. It has been 6 weeks since we last saw back to back increases but certainly we are not seeing the volatility in the markets and rates seem to be “settling” in to a tighter trading range. As of this morning, the average overnight rate for a 30 year fixed rate sits at 4.84% up from the 4.80% we were at a week ago. Remember this is the average overnight rate and those with (1 comments)
Interest rates jump for the first time in 3 weeks.
We began 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage and until last week it had been all downhill. But, as of this morning, the average overnight rate for a 30 year fixed rate sits at 4.82% up for the 1st time in 3 weeks and the highest weekly overnight rate we have seen since January 9th. Remember this is the average overnight rate and those with good credit will still be able to lock in rates below these averages.
Rates drop over 10 basis points for the 3rd time in a month!
We began 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage and since then it has been all downhill. As of this morning, the average overnight rate for a 30 year fixed rate sits at 4.76% down another 10 full basis points from where we were a week ago at 4.86%. This is the second significant weekly drop in a row bringing us back down from the 5.02% on January 2nd. Remember this is the average overnight (1 comments)
Welcome to the New Year! Here at “Results Driven Real Estate” we are looking forward to bringing you the latest numbers affecting the local real state market.
We begin 2011 with a slight increase in the overnight rate on a 30 year fixed mortgage bringing us back up slightly above the 5% threshold. As of this morning, the average overnight rate for a 30 year fixed rate sits at 5.02% up 5 basis points from where we were a week ago at 4.97%. Remember this is the average overnight rate and those with good credit (3 comments)