Florida Mortgage News Update from Kevin Sandridge

6:33 AM |

Florida Mortgage Update for the Week of February 14, 2011

2011-02-14 08:47:50-05
According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher. Related posts:

Florida Mortgage Rate Update for the Week of September 20, 2010 Mortgage markets were highly volatile, yet relatively unchanged last week...
Florida Mortgage Update for the Week of November 22, 2010 The 7-month rally in rates may be nearing its end....
Florida Mortgage Update for the Week of October 12, 2010 This week, there's a number of releases that should keep...

Home Builders Report Higher Sales Levels In January

2011-02-16 08:47:48-05
Homebuilder confidence in the market for newly-built, single family homes appears stable as the spring buying season gets underway. Related posts:

Home Builders Slowed By Economy, But Seeing More Foot Traffic Homebuilder confidence held firm for the second straight month this...
Why Builder Confidence Surveys Matter To Buyers Of New Homes Despite an unfavorable HMI reading, home builders might still less...
As Homebuilder Confidence Stagnates, Deals Abound Home builder confidence held firm this month, according to the...

Single-Family Housing Starts Fell In January, Despite What The Headlines May Have Told You

2011-02-17 08:48:09-05
Annualized Single-Family Housing Starts dropped 1 percent in January to 413,000 units nationwide, it's lowest reading almost 2 years. The headlines would have you believe otherwise. Related posts:

Housing Starts Data Much Better Than The Headlines Would Have You Believe Newspaper stories can be misleading sometimes -- especially with respect...
Single-Family Housing Starts Hold Steady For The 8th Straight Month Single-family Housing Starts idled last month, dropping just 3,000 units...
Housing Starts Rise In August, But By Less Than The Headlines Report The number of single-family Housing Starts rebounded in August, climbing...

Florida Mortgage Update for the Week of February 22, 2011

2011-02-22 08:48:59-05
For just the second time in 2011, conforming mortgage rates fell on a week-to-week basis. Related posts:

Florida Mortgage Update for the Week of January 10, 2011 Mortgage markets gained last week. Demand for mortgage-backed bonds outweighed...
Florida Mortgage Update for the Week of February 7, 2011 Mortgage rates rose for the 4th time in 5 weeks...
Florida Mortgage Rate Update for the Week of May 10, 2010 Florida mortgage markets improved to their best levels of 2010...

New Home Sales Crater In January, Opening The Door For Deals With Builders

2011-02-25 08:48:02-05
In its monthly New Home Sales release, the U.S. Department of Commerce showed a 13 percent drop-off in annualized new construction sales between the months of December and January. It's the biggest one-month drop in New Home Sales since May 2010. Related posts: