did you know that Sustainable energy will soon be the new normal

05 Sep

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Sustainable energy will soon be the new normal WASHINGTON – July 31, 2017 – The United States is going through an energy revolution, experts said at the National Association of Realtors®‘ (NAR) 2017 Sustainability Summit in Washington, D.C., last week. Within 20 years, this revolution will reshape people’s homes and communities. However, most people aren’t... Read more »

What are the top Mortgage-Shopping Mistakes to Avoid

05 Sep

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7 Top Mortgage-Shopping Mistakes to Avoid Buying a home is one of the biggest decisions you can make, and it’s likely the largest purchase you will ever make. So it’s no surprise that there are multiple ways you can trip up. Getting a mortgage is about more than having your offer accepted and signing on... Read more »

Did you know the average mortgage rates fall again to new 2017 low

01 Sep

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Average mortgage rates fall again to new 2017 low WASHINGTON (AP) – Aug. 31, 2017 – Long-term U.S. mortgage rates fell this week. It was the fifth straight weekly decline for the benchmark 30-year rate, which again reached a new low for the year. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages... Read more »

Fla. consumer sentiment down slightly in August

30 Aug

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Consumer sentiment down slightly in August GAINESVILLE, Fla. – Aug. 29, 2017 – Consumer sentiment among Floridians dropped 1.2 points in August to 96.5. Among the five components that make up the index, one increased and four decreased. Respondents’ overall views of their personal financial situation now compared with a year ago ticked down one-tenth... Read more »

Do you know the seven things international investors should consider

29 Aug

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Seven things international investors should consider NEW YORK – Aug. 28, 2017 – If you’re going to purchase foreign property to grow your wealth, the U.S. is one of the easiest and most profitable places to purchase your investments. If you’re a U.S. citizen living abroad, your financing options will be different than if you’re... Read more »

What if Some owners consider a mortgage recast?

28 Aug

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Some owners should consider a mortgage recast NEW YORK – Aug. 25, 2017 – Mortgage recasting is one way to reduce your monthly mortgage payments. It’s less common than refinancing or modifying a loan, and it’s rarely advertised, but it decreases mortgage payments for those who can apply a lump sum toward their loan’s principal.... Read more »

Did you know Jumbo loans get less expensive

28 Aug

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Jumbo loans get less expensive NEW YORK – Aug. 25, 2017 – The interest rate for jumbo loans – those greater than $421,100 – dropped five basis points last week, averaging 3.99 percent for the week. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates... Read more »

Fla. housing market: Sales, median prices up in July

25 Aug

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ORLANDO, Fla. – Aug. 24, 2017 – Just like the weather, Florida’s housing market was hot in July with more closed sales, higher median prices, increased pending sales and more new listings, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 24,546 last month, up 2 percent compared... Read more »

Do you know that Freddie Mac wants to restrict one percent down payment mortgages

24 Aug

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Freddie Mac to restrict 1% down payment mortgages WASHINGTON – Aug. 2, 2017 – Mortgage financing giant Freddie Mac says it will tighten its restrictions on low-downpayment mortgages starting this fall. Freddie is targeting mortgages that allow borrowers to purchase a home with a 1 percent downpayment, and it says borrowers will need to come... Read more »

Why does more buyers putting less down payment on a home

22 Aug

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More buyers putting less down payment on a home NEW YORK – Aug. 21, 2017 – A 20 percent down payment is no longer the norm. In the past year, 1.5 million borrowers purchased their homes with down payments of less than 10 percent, according to Black Knight Financial Services. That marks a seven-year high.... Read more »