Real Estate Financial News

May 21, 2015

Mortgage Rates up 3rd Week in a Row

Mortgage Rates are climbing!

Hold on to your wallets! Mortgage rates have risen for the last three weeks. Average long term United States 30 year mortgage rates have risen to the lofty height of 3.85% according to Freddie Mac the Mortgage Giant. Last week the number was 3.80 ...

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May 12, 2015

Florida is great for businesses

Florida is Number 2 for CEOs for Business

Chief Executive Magazine surveyed CEOs across the country to determine which states rank the best to do business in. Texas takes the top spot once again with Florida getting even closer to edging them out of the first place position. The magazine ...

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May 5, 2015

Canadians can profit depending on Factors

Canadians that purchased years back are profiting

Canadians that purchased homes back when prices were low after the economy was flattened out about 3 to 4 years ago may be in a great position to sell. Now that the U.S. dollar is outperforming the Canadian dollar, purchasing power for the Canadians has ...

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April 29, 2015

Single Family Company owned raising Rents

Rents Going Up – Buy a Home Now

According to some of the top CEO’s of some of the nation’s largest rental companies, rents are going to be increased this year for single family homes. Not a good thing for the tenants, looks like it’s time to cut the landlord ...

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April 25, 2015

Mortgage Rates Drop A Little

Average U.S. Mortgage Rate drops to 3.65%

Mortgage giant Freddie Mac says that the average long term U.S. mortgage rates are down slightly this week to 3.65%. Again, these are historically low interests rates that homebuyers should be taking advantage of.
The average rate for a ...

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April 24, 2015

Americans Feel Real Estate is a Good Investment

Americans Confident in Real Estate Investing

A Recent study/survey done by Gallup has indicated that Real Estate is moving up in the confidence of Americans to invest in Real Estate. About 31% of Americans felt that Real Estate was the top long term investment. This is the second year ...

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April 23, 2015

Bank of America wants reconsideration

Bank of America wants fine repealed

Bank of America is upset with the fine that has been assessed to them and they want it removed/repealed. The bank which is based in Charlotte, North Carolina say the case brought by the United States government never should have went to trial ...

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April 21, 2015

Strong U.S. Dollar encourages Selling of U.S. Property

Strong Dollar having effect on Some Foreign Owners of U.S. Real Estate

The euro has fallen dramatically recently in comparison to the U.S. dollar, and it may have a definite effect on some European owners of Real Estate here in Florida. Some Europeans may be in a position to ...

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April 18, 2015

NAR asks Congress to ease Mortgage Access

National Association of Realtors President Chris Polychron talks to Congress about Mortgages

Chris Polychron talked to Congress recently about the tight restraints in the Mortgage Lending arena. The U.S. toughened mortgage lending standards in the wake of the housing meltdown to hopefully prevent a repeat performance. A lot of ...

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April 17, 2015

Higher Wages could boost Florida Housing

Rising Wages could lead to a better Housing Market

At the Westin Cypress Creek, Doug Duncan, the chief economist for Fannie Mae addressed about 300 real estate professionals at a seminar. He talked about the economy and how incomes have been basically flat for some time but are seeing an ...

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