Watson Realty- Wekiva- Longwood

04/14/2016

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04/11/2016

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference

03/28/2016

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Average rate on 30-year mortgage falls to 3.71%

WASHINGTON (AP) – March 24, 2016 – Average long-term U.S. mortgage rates declined this week after three straight weeks of increases. The decline could be a spur to prospective buyers as the spring homebuying season gets started.

Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage slipped to 3.71 percent from 3.73 percent last week. The benchmark rate is above the 3.69 percent level it marked a year ago.

The average rate on 15-year fixed-rate mortgages eased to 2.96 percent from 2.99 percent last week.

After the Federal Reserve's decision last week to keep a key interest rate unchanged in light of global economic pressures, prices of U.S. government bonds have risen sharply. That has pushed down the yields on the bonds, which mortgage rates follow.

The yield on the 10-year Treasury bond stood at 1.87 percent Wednesday, down from 1.91 percent a week earlier. The yield declined further to 1.85 percent Thursday morning.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average doesn'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 a 30-year mortgage was unchanged from last week at 0.5 point. The fee for a 15-year loan also held steady, at 0.4 point.

Rates on adjustable five-year mortgages averaged 2.89 percent this week, down from 2.93 percent last week. The fee remained at 0.5 point.

Copyright © 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

03/16/2016

WOW! Now's the time to buy! Read this~

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03/15/2016

03/09/2016

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03/08/2016

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03/07/2016

Find out if you're ready to buy a home by carefully considering these factors and taking a deep look into your budgets and future plans.

02/19/2016

Door Knocking Friday~!

02/15/2016

President’s Day 2016: How Does the White House Compare to the Average Home
Posted in Economist Commentaries, by Brandi Snowden, Research Survey Analyst on February 12, 2016

In the spirit of President’s Day we can use data from the 2015 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.

Typical Home Purchased in the U.S.
◦84% of buyers purchased a previously owned home, with 83% of buyers choosing a detached single-family home.
◦Looking at first-time and repeat buyers, both also purchased detached single-family homes more often with 80% of first-time buyers and 84% of repeat buyers.
◦52% of all buyers purchased their home in a suburb/subdivision. The typical detached single-family home purchased was 1,900 square feet.
◦Homes purchased also had a median of 3 bedrooms, 2 bathrooms, and was built in 1991.
◦Of all buyers, the expected length of tenure in the home purchased was 14 years.

The White House
◦The White House was built in 1792, and in comparison is located in an urban or central area.
◦The White House contains 6 levels, has 132 rooms, including 35 bathrooms.
◦It also includes features such as: a tennis court, jogging track, swimming pool, billiard room, movie theatre, and bowling alley.
◦While tenure in the median expected tenure in home lasts around 14 years, in the White House the expected tenure is between 4 and 8 years.

02/01/2016

If you are thinking about selling ......Now is the time! Buyers are out there and ready to Buy!

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01/23/2016