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Foreclosures are at a 15 year low

According to an article appearing in FloridaRealtors on January 17th, foreclosures were down nationally 21% from 2018 and down 83% from their peak in 2010. The foreclosure rate is the lowest since 2005, when ATTOM Data Solutions began to keep records. Florida was the top state in the nation for foreclosures but is now in [...]

By |2020-01-21T14:54:27+00:00January 21st, 2020|Uncategorized|Comments Off on Foreclosures are at a 15 year low

It is better not to abbreviate "2020." For example it is recommended that you write 1/7/2020 rather than 1/7/20. The space behind the first "20" makes it easier for scammers to change document dates.

By |2020-01-07T15:39:28+00:00January 7th, 2020|Uncategorized|Comments Off on

Fake rental listings increase

In a report by Spencer Evening World as reported in Florida Realtors, fake rental listings are on the rise. Forty-three percent of renters say they saw fake listings during their search for a rental home. The FBI found more than 37 million dollars in losses associated with fraud complaints that include the word "rent." In [...]

By |2019-12-18T15:56:34+00:00December 18th, 2019|Uncategorized|Comments Off on Fake rental listings increase

In October 2019 the growth of wages was higher than mortgage rates for the first time since 1972. The US Department of Labor stated that the average hourly earnings for non-supervisory and production workers rose 3.8 percent over October of 2018. The average 30 year fixed mortgage rate was about 3.7 percent in October of [...]

By |2019-12-17T13:45:35+00:00December 17th, 2019|Uncategorized|Comments Off on

FICO Scores

According to FloridaRealtors, the average credit score has increased to a record high. The average credit score, known as FICO, is up to 706. During the recession in 2009 the average FICO score was 686. A score between 670-739 is considered good and between 740 and 799 is considered very good. The source of this [...]

By |2019-09-19T13:03:41+00:00September 19th, 2019|Uncategorized|Comments Off on FICO Scores

Thirty year home mortgage rates drop to 3.9%. This is a three year low, declining from last week's 3.58% average. The average rate for a fixed rate 15 year home loan drop from 3.06% to 3%.

By |2019-09-06T13:06:44+00:00September 6th, 2019|Uncategorized|Comments Off on

Buying a Home

According to an article appearing in Florida Realtors Magazine, homebuyers in the U.S. visited 19 homes on average before finding the home they purchased.  The research was done by Zolo.  10% of Buyer’s made only one visit to the home they bought, 23% visited the house twice, 30% visited the house 3 times, 20% visited [...]

By |2019-07-24T20:10:32+00:00July 24th, 2019|Uncategorized|Comments Off on Buying a Home

Mortgage delinquency rate hits 20 year low

According to a report in Florida Realtors, only 3.6% of mortgages were in some stage of delinquency (meaning 30 days or more past due) in April 2019. This is a decline of .7% compared with April 2018. It is the lowest delinquency rate for any month in more than 20 years. The rate of seriously [...]

By |2019-07-11T19:53:59+00:00July 11th, 2019|Uncategorized|Comments Off on Mortgage delinquency rate hits 20 year low

According to a Harris Poll done for LightStream Home Improvement, 73% of homeowners surveyed say they will make home improvements this year. This is a 26% increase over last year. The average amount of the renovations would be about $9,000 according to the poll. Also, homeowners planning to spend $25,000 or more on improvements grew [...]

By |2019-07-09T13:58:47+00:00July 9th, 2019|Uncategorized|Comments Off on

Mortgage interest rates fall to 3.73 for fixed rate 30 year mortgages, which is the lowest rate since November 2016. The average rate for 15 year fixed rate mortgages is 3.16%.

By |2019-06-28T12:42:09+00:00June 28th, 2019|Uncategorized|Comments Off on