Found 4 blog entries for July 2013.
Sharing news you can use from Florida Realtors.org - July 23, 2013
Mortgage rates recently soared to a two-year high, prompting more borrowers to take a closer look at adjustable rate mortgages (ARMs).
Thirty-year fixed-rate mortgages have moved from below 3.5 percent as of late April to above 4.5 percent recently, increasing monthly payments for new homebuyers. Meanwhile, ARM rates have stayed relatively steady in recent weeks between 2.7 percent and 3.1 percent, according to Bankrate.
Adjustable-rate mortgages are often blamed for the housing bubble, luring buyers with their low introductory rates that later rise. Some homeowners were not able to afford the higher reset payments and defaulted on their loans. In recent years, fixed-rate mortgages
West Palm Beach, June 20, 2013 – Year over year, new listings in the $200,000 to $400,000 range increased dramatically. Single-family homes priced between $250,000 and $300,000 increased 20 percent and 41.2 percent in the $300,000 to $400,000 price range. Townhomes and condominiums increased 36.6 percent in the $200,000 to $$250,000 price range and 39.1% in the $300,000 to $400,000 price range. What does this mean? According to Barb Kozlow, 2013 President-Elect of the Realtors® Association of the Palm Beaches (RAPB), “The pent-up demand and limited inventory has leveled the playing field. Homeowners with property values that are in the $200,000 and $400,000 ranges are in a much better position to sell than a year ago.”
In May, the median price of…