South Tampa Realtor
I asked Katie Hughes with Prospect Mortgage to give me her Home Shopping Holiday Bargain advice! Mortgage rates have dropped AGAIN and are at their lowest point in generations. Here’s what she said about the Tampa Bay Housing Market: If you have been on the fence about buying or refinancing a home, now is the […]
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 […]
Historic Fed Move Cuts Both Ways for Borrowers Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007. In its statement last week, the Fed said it had decided to cut the federal funds […]
Fed Surprises with Deepest Cut since 1984 The Federal Reserve surprised everyone Tuesday with an emergency intersession rate cut of .75%, the deepest cut in the Fed Funds Rate since 1984. The Fed Governors are acting in direct response to recent reports that the country is on the brink of recession. If you have credit […]
Mortgage Rates Down to the Low Levels Continuing declines in mortgage rates — down to the lowest levels we’ve seen in nearly two years — should be brightening the outlook for anyone interested in buying or selling real estate.Equally important: Federal Reserve chairman Ben Bernanke has strongly hinted that the Fed will lower short-term rates […]
Lower Fed Rate Means Opportunities on the Rise For the first time in more than four years, the Federal Reserve cut its Fed Funds Rate, which directly impacts millions of American borrowers. And while this important decision has many implications, there’s still some debate among experts about what this means to the economy as a […]
