The 30-year FRM declined marginally since last week – down by .01% – but it still hovers a bit above the 4% mark. Source: Florida Realtors
Buying a Home? Do You Know the Lingo?
Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. Freddie Mac has compiled a more exhaustive glossary of terms in their […]
Legislature OKs bill that oversees condo boards
Fla. lawmakers passed a bill that imposes criminal penalties for some condo board violations, such as election fraud, conflicts of interest and misappropriation. Source: Florida Realtors
Get All the Facts about PMI
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance […]
Court: Miami can sue big banks for predatory lending
The U.S. Supreme Court said Miami may sue large U.S. lenders over allegations that their Fair Housing Act violations played a role in the housing meltdown. Source: Florida Realtors
Is the Current Pace of Home Sales Maintainable?
There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why the […]
College debt no longer a buyer deal breaker
Parents can now tap into home equity to pay off student loans, and it will be easier for millennial buyers to qualify. But it’s not for everyone. Source: Florida Realtors
Homes are Selling Fast Across the Country [INFOGRAPHIC]
Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in 60 […]
Average 30-year mortgage rate rises to 4.03%
Long-term mortgage rates rose for the first time in five weeks, and the 30-year FRM pushed above the key threshold of 4 percent. Source: Florida Realtors
Your Tax Return: Bring it Home
This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?” The results of the […]
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