Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed loan was 4.36% this week, down from 4.42% last week. The average rate on a 15-year fixed [...]
- Existing Condo Sales Increase In Florida
August 24, 2010 By Leave a Comment
Existing condominium sales in Florida rose 11% in July, with a total of 5,557 condos sold statewide compared to 4,991 units sold in July 2009, according to the latest housing data released by Florida Realtors®. Eleven of Florida’s metropolitan statistical areas (MSAs) reported higher existing condo sales in July, according to Florida Realtors. The statewide [...]
- Mortgage Rates Hit 4.42%
August 20, 2010 By Leave a Comment
Mortgage rates fell to the lowest level in decades for the eighth time in 9 weeks, a sign that investors are concerned about the weak economy. The average rate for 30-year fixed loans this week was 4.42%, down from 4.44% last week. That’s the lowest since 1971. The average rate on 15-year fixed loans dropped [...]
- Another Low For Mortgage Rates!
August 13, 2010 By Leave a Comment
Growing pessimism over the weak economic recovery pushed mortgage rates to the lowest level in decades for the seventh time in eight weeks. The average rate on a 30-year fixed mortgage hit 4.44% this week. Some brokers say home owners looking to refinance have even managed to do so for as low as 4%. Still, [...]
Panama City/Bay County Florida Receive High Rankings
August 7, 2010 By Leave a Comment
While the nation’s economy continues to slowly crawl out of the recession, there’s two pieces of promising news for our area. One points to economic growth, the other to major growth in the housing market. Local business leaders say the reports could help rebuild some momentum lost during the recent oil spill. Bloomberg Business Week [...]
- Lowest Mortgage Rates Since 1971
August 6, 2010 By Leave a Comment
Mortgage interest rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home. Thursday the average rate for 30-year fixed loans this week was 4.49%, down from 4.54% last week. That’s the lowest since 1971. The average rate [...]
