Nowhere to go but up.

You can make that statement about so many things these days.
The economy, a living wage, the loaf of bread that you tried to bake last weekend.
But no truer statement was ever made about interest rates. Money is truly ON SALE.

The rate on 30-year FRM stays at record 3.87%

Mortgage Rate Trend Index

Two-thirds of mortgage rate experts (64%) say rates will stay the same over the short term, and 36% foresee an increase. No one predicted a decrease.

 

From Florida Realtors : WASHINGTON – Feb. 10, 2012 – The average rate on the 30-year fixed mortgage stayed at a record low this week, providing some added incentive for those looking to buy a home or refinance.

Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan was unchanged at 3.87 percent. That’s the lowest level on records dating back to the 1950s.

The average on the 15-year fixed mortgage rose to 3.16 percent, up from last week’s record low of 3.14 percent.

To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. The average rates don’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for the 30-year loan was unchanged at 0.8; the average on the 15-year fixed mortgage dipped to 0.7 from 0.8.

For the five-year adjustable loan, the average rate rose to 2.83 percent from 2.80 percent, and the average fee was unchanged at 0.7.

The average on the one-year adjustable loan rose to 2.78 percent from 2.76 percent, and the average fee was unchanged at 0.6.

Palm City Splendor - 8635 SW Keats Avenue will be Open this Sunday 1-4PM

WESTWOOD COUNTRY ESTATES

1/2 acre property

863 SW Keats Avenue, Palm City, FL

 OPEN ON FEBRUARY 12TH,  1-4pm

 Click here:  Keats Avenue Virtual Tour

$369,000                 ML# 3147634

Nestled into bucolic Palm City with room to move, this solidly built home, circa 2003 is waiting for you and your family. 3,673 square feet of total space with a 3 car garage. 

Custom house. Original owner.

Coastal Dream Condo Open Today 1-4

INDIAN RIVER PLANTATION, STUART

40 N. Plantation Road

Coastal Living Magazine would give this space an A rating!

I expect an early turn out today (just past 1 pm) due to football start time!
Please stop by and see this wonderful beach pad. With expansive lake, golf course and of course...intracoastal views as well. This 2 bedroom/2 bath condominium is on the top of the building at the end (there ARE elevators) and takes advantage of the beautiful vistas which abound in IRP.
All amenities are here and just waiting for you to partake...tennis, fitness center, full service marina, beach club, gorgeous pool, world class golf...whatever your heart desires.
Footloose and fancy free here in beautiful Indian River Plantation,

Click Here for a taste... 
Coastal Dream Condo

Hope to see you there! 

Wistful Thoughts of Gazumping

In the world of real estate, listings are king. We all work very hard and diligently to get them and harder still to tend and nurture them. We treat them with the same strategic care as any beauty pageant mother vying for first place. But it is the buyer that is really The Queen in the current marketplace.  Pre-qualified for a loan? Great. Got cash? Greater still.
As we begin what promises to be an interesting and hopefully pivotal year in real estate and the country at large, I am thinking of dreamy past sales, Realtor nirvana really, of bidding wars and multiple offers.
In England and Australia they have a term that is used when a seller accepts a verbal offer of full asking price and then subsequently accepts someone else's higher offer. If this happens, one can consider themselves "gazumped."  We don't use this term here in the States.  We're partial to written offers in these parts that when accepted (in writing), bind the seller. Inspection periods in purchase and sale contracts thankfully make gazumping a non issue here but still...a girl can dream of sales gone by and closes.
http://www.guardian.co.uk/money/2002/apr/14/houseprices.uknews

SEEK MOVE NEST: One time coming in third is preferred in Florida.

SEEK MOVE NEST: One time coming in third is preferred in Florida.: FORECLOSURE DAYZ IN FLORIDA http://www.realtytrac.com/content/news-and-opinion/third-quarter-2011-top-state-foreclosure-timelines-6892?a...

One time coming in third is preferred in Florida.

 FORECLOSURE DAYZ IN FLORIDA

http://www.realtytrac.com/content/news-and-opinion/third-quarter-2011-top-state-foreclosure-timelines-6892?a=b&accnt=305786

Reading these numbers for the third quarter of this year takes my mind in several directions.
My Realtor brain wonders what the real impact of all these yet-to-be-foreclosed properties will have
on our inventory and absorption rate for the next few y-e-a-r-s. Will they trickle or flood onto the market?
The Personal part of my brain feels relief for friends and friends of friends who though living with a gavel over their heads, can stay in their homes for over two years while they figure out what they are going to do and where they are going to go from here.
None of it is good for the spirit or the bottom line of us collectively and individually.

It's time for...Monday Morning Metaphor

With the start of the 2-F's, Fall and football... let's revisit this incredible
display of human skill and agility. Inspiring.
 Pick me!