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From the category archives:
If you’ve been on the fence about buying a home in the Tampa Bay area; you’ll want to read this news article about interest rates. It’s hard to believe in today’s economic environment, but the overall Bond market, including Mortgage Bonds, are contending with the “I” word this morning…inflation…thanks to Fed member Frederic “Uncle Freddy” [...]
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Here are some quick updates on how the mortgage industry will change your ability to buy a home in the Tampa Real Estate market. It’s not as bad as most people think! Although it can be confusing since things are changing every day! Here are the changes for FHA loans: Compliments of Katie Hughes, Prospect Mortgage [...]
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Credit Crisis & Real Estate Markets Report Federal Reserve Board Slashes Fed Funds Rate On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery. The press release [...]
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I asked Katie Hughes with Prospect Mortgage to give me her Home Shopping Holiday Bargain advice! Tampa Bay Area Attractionsclick here to see my photo album Here’s what she said about the Tampa Bay Housing Market: Mortgage rates have dropped AGAIN and are at their lowest point in generations. If you have been on the [...]
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Just a quick update on the lowest mortgage rates we’ve seen in a long time! I was sent this today: Conforming 30 yr fixed : 5.25% Conforming 30 yr fixed: 5.0% 30 yr FHA rates: 5.125% 30 yr VA rates: 5.375% JUMBO 5 YR ARM: 5.5% JUMBO 7YR ARM: 5.75% Here is what happened that [...]
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