Average rate on the 30-year fixed mortgage fell this week to a record low, the 9th time that has happened in the last year. The rate on the 30-year loan dropped to 3.87% this week below the previous record of 3.88% hit just two weeks ago. The average on the 15-year fixed mortgage dropped to [...]
Florida’s Real Estate Activity Higher in 2011
January 20, 2012 By
At the close of the year 2011, Florida’s existing home and condominium markets reported higher sales compared to the previous year. It was the third consecutive year for statewide home and condo sales activity to end the year on a positive upswing. Higher year-over-year sales also were reported at the close of 2010 and 2009. [...]
30-Year Mortgage Rate Declines
January 6, 2012 By
This year looks to be another year of opportunity for the few who can afford to buy or refinance. The average rate on the 30-year fixed mortgage fell to 3.91% this week. That matches the record low reached two weeks ago. The average on the 15-year fixed mortgage declined to 3.23% from 3.24%. That’s up [...]
Existing Condo and Home Sales Continue to Rise in Florida
December 22, 2011 By
Florida’s existing home and condominium sales continued its positive upswing during November. Existing home sales increased 11% last month with a total of 12,993 homes sold statewide compared to 11,664 homes sold in November 2010. Seventeen of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales in November and 10 MSAs had higher existing condominium [...]
Pier Park North Shopping Development Coming to PCBeach
December 10, 2011 By
A new 400,000-square-foot shopping center is coming to Back Beach Road, another sign developers think the beach economy is on the upswing. The new development, calling itself Pier Park North, will be on about 60 acres on the north side of Back Beach Road directly across from the Pier Park shopping village. Panama City Beach [...]
Florida Condo And Home Sales Show Gains
November 21, 2011 By
Florida’s existing home and existing condo sales continue to show gains in October. Existing home sales increased 13% last month with a total of 13,755 homes sold statewide compared to 12,145 homes sold in October 2010. Statewide, both sales and prices are above where they were this time on 2010. The monthly median prices have [...]
Existing Home/Condo Sales Rise In Florida
November 9, 2011 By
Florida’s existing home and condo sales continued to show gains in the 3rd quarter 2011 compared to the same period a year earlier. Existing home sales rose 12% in 3rd quarter 2011 with a total of 46,759 homes sold statewide; during the same period the year before, a total of 41,728 homes changed hands. Statewide [...]
30-Year Fixed Rates At 4%
November 4, 2011 By
The average rate on the 30-year fixed mortgage fell to 4% this week, close to matching the all-time low hit just one month ago. Thursday the rate on the 30-year loan dropped from 4.10% last week. Four weeks ago, it dropped to 3.94%. The average rate on the 15-year fixed mortgage fell to 3.31% from [...]
Florida’s September Condo And Home Sales Increase
October 21, 2011 By
Florida’s existing home and existing condo sales continued their upswing in September. Existing home sales increased 10% last month with a total of 15,036 homes sold statewide compared to 13,723 homes sold in September 2010. One of the most overlooked statistical trends in all of real estate is the growth in sales, both single-family and [...]
30-Year Fixed Mortgage Rates Fall To 3.94%
October 7, 2011 By
Average rate on the 30-year fixed mortgage fell this week to below 4% for the first time ever, to 3.94%. Thursday, the average rate dropped from 4.01% last week, the previous low. The average rate on a 15-year fixed loan, a re-fi option, fell to 3.26%, also a record. The 15-year loan has fallen for [...]
Florida Condo/Home Sales Rise In August
September 21, 2011 By Leave a Comment
Real estate sales activity and median prices for Florida’s existing home and existing condo markets rose during the month of August. Existing home sales increased 15% last month with a total of 16,206 homes sold statewide compared to 14,131 homes sold in August 2010. The statewide median sales price for existing homes last month was [...]
Record Low 30-Year Mortgage Rates Fall To 4.12%
September 9, 2011 By Leave a Comment
The fixed mortgage rates fell this week to the lowest levels in 6 decades. But few Americans can take advantage of the rates to refinance or buy. Average rate for the 30-year fixed mortgage fell to 4.12%, down from 4.22%. The average rate on a 15-year fixed mortgage, a popular re-fi option, fell to 3.33% [...]
Mortgage Rates Rise
August 26, 2011 By Leave a Comment
The average rate on the 30-year fixed mortgage climbed to 4.22% on Thursday … up from 4.15% just last week. The average rate on the 15-year fixed mortgage, a re-fi option, rose to 3.44% … up from 3.36%. The low rates have yet to revive the weak real estate market. Mortgage applications to purchase fell [...]
Floridas Existing Condo Sales Rise In 2nd Quarter
August 10, 2011 By Leave a Comment
Florida’s existing condo sales experienced an upswing in the second quarter of 2011 compared to the same period a year earlier. Statewide sales of existing condos in the second quarter rose 14% compared to the year-ago sales figure. Statewide condo sales in the second quarter also increased over 1Q 2011’s sales figures. For 2Q 2011, [...]
Fixed Mortgage Rates Inching Up
July 22, 2011 By Leave a Comment
Fixed mortgage interest rates remained mostly unchanged this week; but, inched up a bit from their yearly lows. The average rate on the 30-year fixed loan is up to 4.52% from 4.51% a week ago. It reached its yearly low of 4.49% just a month ago. The average rate on the 15-year fixed loan, popular [...]
