Memorial Day Weekend in Destin, Florida

Beautiful Day in Destin, Florida!

Even with Debby out in the Gulf it is still beautiful in Destin, Florida!

Mortgage Rates Continue To Drop!

Mortgage Rates for a 30 year loan are down from 4.64% average in May 2011 to 3.8% average this last May 2012. With rates going even lower it is a good time to buy or refinance.

Florida Housing Market

                                                                                                                 Florida Housing Market continues to be on a positive track in May.

The recovery in Florida's housing market continues to grow stronger and stronger. Pending sales up 43.1% for single family homes and up 33.4% for condos/townhomes. Some areas in Florida are having a shortage of inventory which is resulting in multiple offers. 

Loan Mortgage Rates Tie Record Low!

The average rate on the 30 year fixed mortgage rate has dropped to 3.94%. These low rates offer historic opportunity for home ownership. The average rate on the fifteen year mortgage rate fell to 3.21%, also a record low.

Foreclosure Wave Has Crested!

Foreclosure Wave Looks As Though It Has Crested According to USA Today News. 

Fewer US homes are going delinquent and problem loans have hit 3 year lows, possibly signaling that a 5 year wave of foreclosures is starting to recede. 

Almost 4 million homes have been repossessed by lenders since 2006.