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Mortgage rates on a 30-year fixed rate mortgage dropped to the lowest rate seen in 30 years, according to mortgage giant, Freddie Mac. Dropping to 4.15% from 4.32% in a weekly comparison, the rates have not been lower since the 1950's when typical long term home loans were only 20 or 25 years.Rates [Read More]

Finally, after the real estate market started to decline in 2009, we have found some positive news regarding the housing market today, according to mortgage giant Freddie Mac's U.S. Economic and Housing Markeet Outlook for August!1. The unemployment rate showed a decline and is coming in at 9.1%.2. [Read More]

Mortgage rates on a 30-year fixed rate mortgage dropped this week from 4.39% to 4.32% in an weekly comparison, according to mortgage giant, Freddie Mac. The average rate on a 15-year fixed rate mortgage also dropped this week to a record low of 3.50%, from 3.54% the week before.Mortgage rates tend t [Read More]

Existing home sales and existing condominium sales in Florida rose during the second quarter of 2011 in an annual comparison, according to Florida Realtors latest housing statistics. Existing home sales saw a 1% increase in sales, while existing condominiums saw a 14% increase, however while compari [Read More]

Homeownership is experiencing the lowest rates seen in 13 years, according to the U.S. Census Bureau Reports. The homeownership rate reached a record high of 69.2% during the second and fourth quarters of 2004, a sight not seen in 7 years. In June of this year they dropped to a low of 65.9%, in an a [Read More]

As part of Realtor Safety and Security Month, Florida Realtors will attempt to break the Guinness World Record for the "Largest Business Lesson, Multiple Venues. On September 9th, 2011 the association will be hosting its "Safety and Security Program" with the hopes that 10,000 people will participat [Read More]

Rates on a 30 year fixed rate mortgage showed little change this week even during the Government stall in regards to raising the debt ceiling. The rates showed a slight incline from 4.52% to 4.55% in a weekly comparison, according to mortgage giant, Freddie Mac. Rates on a 15-year mortgage, popular [Read More]

As optimism rises in making large purchases, so does consumer confidence, according to the new monthly index taken by the University of Florida. There are five components that make up the index, they are; purchasing big-ticket items, perceptions of personal finances, expectations of personal finance [Read More]

There is talk of the Obama Administration considering a plan that would not only take a large portion of the foreclosed homes off the market, but will provide more homes available to rent. This move is in an effort to prevent the drop of home values, according to the Wall Street Journal.Foreclosed h [Read More]

Existing home sales dropped in June by .08%, however home prices took a slight incline, according to the National Association of Realtors (NAR). The gains in the Midwest and the South offset the loss in the Northeast and West.According to Lawrence Yun, Chief Economist of NAR, Home sales had been tre [Read More]