Panama City Beach (WEST BAY) — Traffic at the new Northwest Florida Beaches International Airport still is exceeding expectations as the new facility moves into 2011. Despite the customary slow winter months, the airport passenger count is running about three times more than the number of passengers through the old airport in Panama City. Monday morning, [...]
- 30 Year Fixed Average Mortgage Rates Rise To 4.83%
December 17, 2010 By Leave a Comment
Fixed mortgages rates surged for the 5th. straight week. Thursday the average rate on a 30-year fixed mortgage rose to 4.83% from 4.61% the previous week. Last month, the rate hit a 40-year low of 4.17%. The average rate on the 15-year loan also increased to 4.17% from 3.96% after hitting 3.57% in November. Rates [...]
- Mortgage Rates Up At 4.61%
December 10, 2010 By Leave a Comment
Average rates on 15 and 30-year fixed loans have increased sharply since last week. The 30-year rate rose to 4.61% from 4.46% last week. That is well above the 4.17% rate hit a month ago. The average rate on a 15-year fixed loan, rose to 3.96%. Rising mortgage rates are chilling the market for refinancing, [...]
- Average Mortgage Rates Up At 4.39%
November 19, 2010 By Leave a Comment
Fixed mortgage interest rates jumped on Thursday … average rate for a 30-year fixed loan rose to 4.39% . The 15-year loan also climbed to 3.76%. The recent jump in rates rippled through the mortgage market. The number of people filling out mortgage applications fell this past week. Purchase applications dropped by 5% from the previous week, while refinancing applications [...]
- Mortgages Rates Fall Again To New Lows
November 12, 2010 By Leave a Comment
Rates on fixed mortgages again fell to their lowest levels in decades this week, after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. That marked more than a half-year of record lows. But housing activity has still faltered. The average rate on 15-year fixed loans, a popular choice for refinancing, [...]
- Existing Condo Sales In Florida On The Rise
November 11, 2010 By Leave a Comment
Existing condominium sales in Florida rose 15% in third quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 16,938 existing condos sold statewide in third quarter 2010; during the same period the year before, a total of 14,793 units changed hands. Fourteen [...]
- Northwest Florida Beaches Airport Reporting Record Traffic
November 8, 2010 By Leave a Comment
The new Northwest Florida Beaches International Airport in Panama City Beach continues to log record passenger numbers compared to the old airport located in Panama City. The old airport officially closed to commercial airline flights May 23, 2010 and general aviation traffic on September 30th. According to Airport Executive Director Randy Curtis, 67,967 total commercial [...]
- Mortgage Rates Rise To 4.23%
October 29, 2010 By Leave a Comment
The average rate for 30-year fixed loans inched up from 4.21% the previous week. Earlier in the month, rates fell to 4.19%, the lowest average on records dating back to 1971. The average rate on 15-year fixed loans rose to 3.66%. That was up from 3.64% a week earlier. Continued low rates haven’t helped the [...]
- Existing Condo Sales Increase In Florida
October 25, 2010 By Leave a Comment
Sales of existing condominiums in Florida were up 10% in September, with a total of 5,675 condos sold statewide compared to 5,140 units sold in September 2009, according to the latest housing data released by Florida Realtors®. Ten of Florida’s metropolitan statistical areas (MSAs) reported higher existing condo sales in September. The statewide existing condo [...]
- Mortgage Interest Rates Rise
October 22, 2010 By Leave a Comment
Mortgage rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21%. The average rate for 30-year fixed loans was up from 4.19% the previous week. That was the lowest level on record since 1971. The average rate on 15-year fixed loans rose to 3.64%. [...]
- VentureCrossings Moving Closer To Development
October 20, 2010 By Leave a Comment
WEST BAY (Panama City Beach) — Infrastructure is being created and development near the newly opened Northwest Florida Beaches International Airport is just beginning. The VentureCrossings Enterprise Centre, located adjacent to the new airport, is 71,000 acres of land being primed for development. The mixed-use development will feed into the master plan for West Bay [...]
- Mortgage Rates Hit Decades Low
October 15, 2010 By Leave a Comment
Interest Rates on 30-year mortgages fell this week to 4.19%, the lowest level in decades. Investors are buying up Treasury bonds in anticipation of a move by the Federal Reserve designed to lower mortgage rates and yields on corporate debt. As a result, the average rate for 30-year fixed loans dropped to the lowest level [...]
- Mortgage Rates Fall To 4.27%
October 8, 2010 By Leave a Comment
Rates on 30-year mortgages fell to the lowest level in decades for the ninth time in 12 weeks. The average rate for 30-year fixed loans dropped to 4.27%, and down from 4.32% the previous week. The average rate on 15-year fixed loans (a popular choice for refinancing), dropped to 3.72% from 3.75%. That was lowest [...]
- Condo Associations Gain Abandoned Units
October 6, 2010 By Leave a Comment
Shortly after winning a lawsuit against Wells Fargo that claimed the bank purposely delayed foreclosure proceedings on a condominium unit for more than a year, a Pompano Beach condominium association was been awarded title to the unit without owing a dime on the original $184,400 mortgage. Many condominium and homeowners associations across Florida suffer financial [...]
- Foreclosures Delayed In 23 States By BOA
October 4, 2010 By Leave a Comment
Bank of America is delaying foreclosures in 23 states as it examines whether it rushed the foreclosure process for thousands of property owners without reading the documents. The move adds the nation’s largest bank to a growing list of mortgage companies whose employees signed documents in foreclosure cases without verifying the information in them. Bank [...]
