Florida Mortgage News Update from Kevin Sandridge

7:17 AM |

Mortgage Rates Spike On Strong Retail Sales Data. Could 4 Percent Rates Be Done?

2010-11-16 08:48:10-05
Rising Retail Sales and Consumer Confidence data hints that the days of 4 percent, 30-year fixed rate mortgages may be nearing its end. Related posts:

Florida Mortgage Rates Lower as Consumer Confidence Falls Florida mortgage rates will see a drop as consumers show...
How Rising Consumer Sentiment Is Linked To Higher Home Prices Consumer Sentiment has been on the rise since last February...
Florida Mortgage Rate Update for the Week of June 1, 2010 Conforming and FHA mortgage rates rose for the first time...

Homebuilders Expect A Surge In New Home Sales

2010-11-17 08:47:28-05
According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism. Related posts:

As Buyer Foot Traffic Rises, So Does Homebuilder Confidence According to the NAHB, October's HMI reading of 16 is...
As Homebuilder Confidence Stagnates, Deals Abound Home builder confidence held firm this month, according to the...
Sagging Homebuilder Confidence Opens The Door For Good Deals Remember, it wasn't too long ago that most builders were...

Housing Starts Data Much Better Than The Headlines Would Have You Believe

2010-11-18 08:48:23-05
Newspaper stories can be misleading sometimes -- especially with respect to real estate. We saw a terrific example of this Wednesday. Related posts:

Housing Starts Rise In August, But By Less Than The Headlines Report The number of single-family Housing Starts rebounded in August, climbing...
Bad News for Florida Home Buyers as Housing Starts Trend Downward Florida mortgage rates are great right now, holding steady at...
May Housing Starts Fall – Pushing Home Prices Higher Single-family housing starts plummeted to a one-year low in May,...

Mortgage Rates Still Rising. Is This The End Of The Refi Boom?

2010-11-19 08:48:01-05
With the sudden rise in mortgage rates, we have to question whether the Refi Boom is ending. Related posts:

Florida Mortgage News for the Week of October 18, 2010 The United States is experiencing a Refi Boom. As compared...
Florida Mortgage Update – 30 Year Mortgage Rates at All Time Low No doubt you've heard that Florida mortgage rates are low....
Time To Refinance? Mortgage Rates Down 1.00 Percent Since April. The rate-and-fee combination you'd get in your home state is...

Florida Mortgage Update for the Week of November 22, 2010

2010-11-22 08:47:41-05
The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago. Related posts: