30-YEAR FIXED RATE FALLS TO AT LEAST A 37-YEAR LOW

Hot off the press from Freddie Mac is that rates have just gotten better. Affordability is at its best in years…
The average 30 yr fixed rate was 5.19 percent with .7 points. That’s pretty darn good!
If you’re in Jacksonville and interested in taking advantage of these historically low rates shoot me an email [...]

Florida Housing Help

Wanted to discuss a recent article on the FAR website…  It’s been a while since my last posting but it’s time to get back in the swing of things!
In regards to the July $700B Economic Stimulus Package the question has oft been asked, “where is that money going?”  Well, if you’re a Floridian there is [...]

The Bailout Bill

Hard to keep up with all of the news that’s been happening in finance and economics of recent.  This is the kind of stuff that will be written and talked about for years to come.  Just wanted to talk briefly about the upcoming bill that is going to be passed by President Bush and Congress [...]

Fannie mae and Freddie Mac Bail Out

Was speaking with a friend of mine who’s also a mortgage originator for Wachovia.  He had a customer who had 1 day prior been approved for a 30 year fixed rate loan @ 6.25% (give or take) and then after the Fannie/Freddie bail-out this same customer’s rate dropped over 3/8 of a point.  
Currently, this [...]

A Great Tool for Those Searching for a Home

If you are looking for a home in Jacksonville, FL and want the ability to customize your search by area of town, type of property, size, price range, etc…   This is the tool for you!  Click here for access
Again, homes for sale in Jacksonville have never been more accessible. Unlike most other sites, [...]

Have we hit bottom?

Recently there was an article written in the Times Union discussing the positives of our current real estate market.  The one thing not mentioned was inventory levels for existing homes.  They talked quite a bit about new construction, but there was very little regarding existing homes.
So, a look at our july-inventory…
So we can see that [...]

The New Housing Bill

Should you have any questions about the below article (or the bill itself) feel free to ask. I myself have mixed feelings about the bill. It’s a good thing to help homeowners who are in over their heads at no fault of their own. However, the bailing of Fannie & Freddie may [...]

Parents of students – UNF, FCCJ, and JU

Parents looking to avoid paying escalating college dorm costs, this is the option for you.  Buy an investment property for your son/daughter to live in while in school.  Available in Jacksonville, FL  the FHA Kiddie Condo loan is not just for condos. It gives you the opportunity to get a low interest, low down payment [...]

Weekly Mortgage Rates

NO BIG CHANGES IN MORTGAGE RATES ACCORDING TO FREDDIE MAC WEEKLY SURVEY
Long- and Short-Term Rates All Well Above Figures At the Same Time Last Year
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 6.37 percent with an average 0.6 [...]