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Thirty Year Mortgage Rates Rise Sharply October 31st 2008

WASHINGTON – Oct. 31, 2008 – Rates on 30-year mortgages spiked this week as the tumult in financial markets continued to be felt in housing finance. Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.46% this week, up from 6.04%...

Housing Shows Signs of a Comeback

OCALA, Fla. – Oct. 30, 2008 – After looking at five houses in the past several months, Matt and Carrie Geiger made an offer on a home in the Ashton neighborhood in Gainesville a day after it came on the market. They were motivated to buy in the neighborhood near...

Homeowners With Leaking Pipes May Qualify For Free Replacement

TALLAHASSEE, Fla. – Oct. 30, 2008 – Florida Agriculture and Consumer Services Commissioner Charles Bronson is reminding consumers whose homes contain a polybutylene pipe system that time is running out to file a claim in a nationwide class-action settlement. Many...

Challenge to Florida Property Tax Breaks Dismissed

TALLAHASSEE, Fla. (AP) – Oct. 30, 2008 – Three recent home buyers who moved to Florida from other states will appeal a judge’s ruling that dismissed their challenge to property tax breaks offered by two state constitutional amendments, one of their lawyers said...

Thirty Year Mortgages Fall to 6.2 Percent

Mortgage rates fell this week as consumers cut their spending amid an economic downturn and a major slump in the labor market. Mortgage finance firm Freddie Mac reported Nov. 6 that 30-year fixed-rate mortgages averaged 6.2 percent this week. That’s down from 6.46...