Mortgage rates continue to surge

Mortgage rates on fixed mortgages surge for the fifth straight week. Freddie Mac said last Thursday the average rate on a 30-year fixed mortgage rose to 4.83 percent from 4.61 percent last week. In November, the rate was at a 40-year low of 4.17 percent.

The average rate on the 15-year loan also increased to 4.17 percent this week from 3.96 percent. It reached 3.57 percent in November, the lowest level on records dating from 1991.

Home Sale Trends improve as Interst Rates Increase

Today, 12/13/2010 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.625% up from 4.46% just a few short days ago. A year ago the 30 year rate was 4.71%.

As the interest on bonds go up the interest rates on home mortgages follow. There is continued evidence that the housing market in Southwest Florida is improving including increases in closed transactions.

Beach Front Condo Smuggler's Cove on Fort Myers Beach

Smuggler’s Cove on Fort Myers Beach consists of two buildings that offer a total of 84 two bedroom units, all directly on Fort Myers Beach with excellent views of the Gulf of Mexico. Although the average square feet in each unit is 811 – 900, the layout and light from the screened lanai opens the space up.

Buying a Home Without the Stress

Removing the stress from the home buying process is the Real Estate Agents number two objective after finding your buyers the perfect home of their dreams. Rated as one of the most stressful times in a human's life, buying a home does not have to be stressful. There are several things that you can do to remove layers of the stress from your shoulders.

Tips to Get it SOLD!

When selling your home you only have one opportunity to make a grand and lasting impression. Whether it is a real estate professional or potential buyer, this first impression on your home's condition will determine if and when your home will sell. The two fixed constants of a property is first impressions and location. The two variables in selling a home is marketing and price. An agent can put forth and extensive marketing budget and execute a strategy that includes a virtual tour, personalized property website, internet marketing and print, but if the property does not show better than comparable properties on the market, the strategy may fail.

Save Money On Your Home Owners Policy

One of my most biggest suprises when I moved to Southwest Florida was the price of home owner insurances. The two significant exposures for homes in Southwest Flroida is flooding and hurricanes. Home owner insurance prices are reflected with quotes my clients receive from the insurance companies. As a real estaet professional, I am always trying to save my clients money anywhere I can and insurance is one of those areas.

My Home Has Not Sold, What is Wrong with the Market?

Even though the real estate market is “bad”, homes are selling; maybe not at the rate they were four years ago, but there are traditional sales happening around us every single day.  So why is it that your home is not selling? I believe that there are four key dynamics that keep homes from selling in any market.