Mortgages Are Getting More Expensive!

Getting A Mortgage?  Don’t Wait Too Long

I saw this reported by Inman News and it tells me that people thinking about buying second homes at the beach should take advantage of the still low cost of money before it’s too late. 

Mortgage Rates Continue Upward Climb
Freddie Mac reported that fixed-rate mortgages rose for a third consecutive week during the period ended Dec. 2.

· Interest on 30-year loans inched up to 4.46 percent from 4.4 percent.

· Rates on 15-year mortgages averaged 3.81 percent, an increase from 3.77 percent a week ago.

Adjustable-rate mortgages were slightly higher as well:

· One-year ARM rose up to 3.25 percent from 3.23 percent

· Five-year ARM moved up to 3.49 percent compared to 3.45 percent.

Source: Inman News (12/03/10)

Call Today

Keller Williams Realty’s At The Beach Team sells more real estate here at the beach than almost anyone and we would be happy to help you a find  a great deal here at the beach. Simply call or text me at 850-217-7618 – or send an email to JohnMoran@AtTheBeachTeam.com and we will be happy to assist in any way we can.

Real Estate News

Keller Williams Realty’s At The Beach Team  has a series of Real Estate News Blogs keep you up to date on the area your are interested in.  Simply click on the your favorite blog and find more information about it’s real estate market including all Foreclosures and Short Sales and much more. 

The Destin Real Estate News to find more information about Destin Real Estate including all Destin Foreclosures and Destin Short Sales and much more. 

30A Real Estate News to find more information about 30A Real Estate including all 30A Foreclosures and 30A Short Sales and much more. 

Panama City Real Estate News to find more information about Destin Real Estate including all Destin Foreclosures and Destin Short Sales and much more. 

Two Incredible Offers

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Sign up for our FREE Real Estate Monthly Update and we will email you a report every month showing which Homes and Condos have sold, under contract, currently for sale and all price changes.  This is incredibly valuable information that anyone that owns Real Estate or is interested in Real Estate needs to have and because we want to be your real estate resource here at the beach we will send it to you – free!

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About JohnMoran

John Moran is the Team Leader of Keller Williams Realty’s award winning At The Beach Team and a Resort Property Listing Specialist servicing the Destin / South Walton County communities. Call or text John today at 850-217-7618 for more information about real estate at the Beach or email JohnMoran@AtTheBeachTeam.com

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