by Elsa Soto | May 10, 2018 | Buyers, Homes, Villas and Condos, Investment Property in Florida, Mortgages, News, Property for Sale in Orlando, Real Estate News, Uncategorized
WASHINGTON (AP) – May 10, 2018 – The key long-term U.S. mortgage rate held steady this week, providing a lure for potential homebuyers as the spring buying season goes forward.
Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.55 percent, unchanged from last week. The benchmark rate rose steadily for most of April, reaching its highest level in more than four years. By contrast, the rate averaged 4.05 percent a year ago.
The average rate on 15-year, fixed-rate loans declined slightly to 4.01 percent from 4.03 percent last week.
Despite higher borrowing costs and home prices, demand for home purchases has grown in the spring buying season as the economic outlook has continued to improve and bolstered consumer confidence.
Homes sold at a solid annual pace of 5.6 million in March, the National Association of Realtors reported last week, even though the number of houses for sale has plunged. As a result, average home prices are rising at more than twice the pace of wages.
The tight job market, solid economic growth and restrained inflation have kept mortgage rates steady, Freddie Mac chief economist Sam Khater suggested. “As we head into late spring, the demand for (mortgage) credit remains rock solid, which should set us up for another robust summer home-sales season,” he said.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.
The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. The fees on 30-year and 15-year fixed-rate mortgages were unchanged from last week at 0.5 point and 0.4 point, respectively.
The average rate for five-year adjustable-rate mortgages rose to 3.77 percent from 3.69 percent last week. The fee remained at 0.3 percent.
In your search for your Orlando Vacation Home, considering mortgage rates and fees play an important role. Be in the know with your Local Realtor at Bardell!! We are sure to keep you up to date with fitting properties for your situations and the best loan options to fit your budget. You are not alone in this journey! Contact us today to lock in your mortgage rate with a reputable lender and find your investment or second/vacation home today.
Source: Florida Realtors
by Elsa Soto | May 10, 2018 | Buyers, Homes, Villas and Condos, Investment Property in Florida, Mortgages, News, Property for Sale in Orlando, Real Estate News, Uncategorized
WASHINGTON (AP) – May 10, 2018 – The key long-term U.S. mortgage rate held steady this week, providing a lure for potential homebuyers as the spring buying season goes forward.
Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.55 percent, unchanged from last week. The benchmark rate rose steadily for most of April, reaching its highest level in more than four years. By contrast, the rate averaged 4.05 percent a year ago.
The average rate on 15-year, fixed-rate loans declined slightly to 4.01 percent from 4.03 percent last week.
Despite higher borrowing costs and home prices, demand for home purchases has grown in the spring buying season as the economic outlook has continued to improve and bolstered consumer confidence.
Homes sold at a solid annual pace of 5.6 million in March, the National Association of Realtors reported last week, even though the number of houses for sale has plunged. As a result, average home prices are rising at more than twice the pace of wages.
The tight job market, solid economic growth and restrained inflation have kept mortgage rates steady, Freddie Mac chief economist Sam Khater suggested. “As we head into late spring, the demand for (mortgage) credit remains rock solid, which should set us up for another robust summer home-sales season,” he said.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.
The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. The fees on 30-year and 15-year fixed-rate mortgages were unchanged from last week at 0.5 point and 0.4 point, respectively.
The average rate for five-year adjustable-rate mortgages rose to 3.77 percent from 3.69 percent last week. The fee remained at 0.3 percent.
In your search for your Orlando Vacation Home, considering mortgage rates and fees play an important role. Be in the know with your Local Realtor at Bardell!! We are sure to keep you up to date with fitting properties for your situations and the best loan options to fit your budget. You are not alone in this journey! Contact us today to lock in your mortgage rate with a reputable lender and find your investment or second/vacation home today.
Source: Florida Realtors
by Elsa Soto | Nov 15, 2017 | Uncategorized
Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
If your home is located in a retirement/active adult community, placing your homes on the market during snowbird season would be most beneficial as foot traffic in our local retirement communities picks up from October-March.
Here are seven great reasons not to wait to List Your Home!
- Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
- Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
- You can restrict the showings on your home to the times you want it shown. You will remain in control.
- Homes show better when decorated for the holidays.
- There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:
- The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
- The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.
Bottom Line
Waiting until after the holidays to sell your home probably doesn’t make sense.
Still weighing your options? Contact us today and speak with your Local Disney Area Specialist about getting your home on the market at the right time to maximize showings and get you an offer!
by Elsa Soto | Nov 15, 2017 | Uncategorized
Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
If your home is located in a retirement/active adult community, placing your homes on the market during snowbird season would be most beneficial as foot traffic in our local retirement communities picks up from October-March.
Here are seven great reasons not to wait to List Your Home!
- Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
- Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
- You can restrict the showings on your home to the times you want it shown. You will remain in control.
- Homes show better when decorated for the holidays.
- There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:
- The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
- The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.
Bottom Line
Waiting until after the holidays to sell your home probably doesn’t make sense.
Still weighing your options? Contact us today and speak with your Local Disney Area Specialist about getting your home on the market at the right time to maximize showings and get you an offer!
by admin | Mar 30, 2017 | Uncategorized
Retirement Villa SOLD in Outdoor Resorts
9000 US Hwy 192 lot #896
9000 US HIGHWAY 192 #896
Clermont, FL 34714
Outdoor Resorts
$97,500
2 Bedroom | 2 Bathroom
2016 Taxes: $1,206.00| 770 Sq. Ft.
RETIREMENT HOME SOLD – HERE IT IS! JUST WHAT YOU’VE BEEN WAITING FOR!! A 2011 2-bed/2-bath all one level home ON THE GOLF COURSE and priced to sell. This home has a great open feeling, a great porch overlooking the 4th tee/green, and is within walking distance to the clubhouse. What a way to retire! ORO is a gated lakefront community and features two large heated pools, one heated kiddie pool, children’s playground, lighted tennis courts, pickle ball, shuffleboard, par 3 golf course, mini golf fun site, volley ball court, basketball court, bocce ball and horseshoes. There are facilities for all water sports, including a boat ramp. Bring your boat or jet ski and enjoy water skiing and fishing. The clubhouse has a library, lounge where you can play cards or relax, and a large auditorium for community events. The HOA fees at $470/qtr ($157/mo) cover water/sewer/basic cable/trash/lawn mowing.
Retirement Villa SOLD in the Beautiful Community of Outdoor Resorts
Click Here to See More Property in Davenport Lakes
by Elsa Soto | Mar 17, 2017 | Uncategorized
The saying is “April showers bring May flowers”, in our case “The Winter Flyers, Bring Spring Buyers!”
Entering real estate’s traditionally busiest time of year, the housing market is buoyed by a stronger economy and consumer confidence. Job creation is 30 percent stronger year-to-year, unemployment is near a nine-year low, and wages and incomes are growing at the highest levels in about eight years, says Jonathan Smoke, realtor.com’s chief economist.
Some buyers are in more of a hurry this season too, and speed may count. Spring buyers will soon arrive!
Though mortgage rates are on the rise – they may be easier to secure.
In the last two weeks, the 30-year fixed-rate mortgage rose by nearly a quarter point. The Federal Reserve has also strongly indicated that it plans to raise short-term rates more than once this year, which would could directly affect adjustable-rate mortgages and, indirectly, fixed-rate mortgages. Smoke predicts three to four interest rate increases this year, and he predicts that they’ll rise from 10 to 25 basis points in one- to two-week spurts, followed by some holding patterns.
“The upside of higher rates is that it is getting easier to get a mortgage,” Smoke says. Mortgage credit access has increased 6.5 percent since September, the Mortgage Bankers Association reports.
“Arguably the biggest challenge to spring buyers will be simply finding a home to buy and getting it successfully under contract,” Smoke says. “That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”
In January, the nation saw the lowest inventory of homes available for sale ever at realtor.com. Inventory managed a 2 percent increase in February, but it’s still down 11 percent compared to last year.
With lower inventories and higher demand, homes are selling faster. Twenty-seven percent of listings sold in less than 30 days in February, according to realtor.com.
“The early birds who decided to buy in the winter faced less competition and enjoyed lower rates than we are seeing now,” Smoke says. “It gets more expensive and more competitive going forward, but the early-ish buyer, at this point, is still likely to come out on top, when you consider that prices and rates are likely to be much higher later in the year.”
Source: “Forget the Snow: Spring Has Sprung in the Nation’s Housing Markets,” realtor.com® (March 13, 2017)
© Copyright 2017 INFORMATION, INC. Bethesda, MD (301) 215-4688
Contact Bardell Real Estate today and one of our experienced real estate agents can help you prepare for a busy Spring buying season. They will be able to answer important questions to ensure you are equipped with the knowledge to make the right purchase for your family. Finding a home can be difficult but not at Bardell Real Estate, we’ll make sure the process is as smooth sailing as it can be.
