Average 30-year mortgage rate down to 4.22%

By Marcy Gordon, Associated Press WASHINGTON – Oct. 4, 2013 – Average U.S. rates on fixed mortgages fell for the third straight week to their lowest point in three months, as a decline in consumer confidence and the onset of the government shutdown forced rates down. Mortgage buyer Freddie Mac said Thursday that the average…

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What do luxury buyers want in a home?

NEW YORK – Sept. 12, 2013 – Luxury homeowners and buyers place a high value on real estate, according to a new survey of 500 luxury homebuyers conducted by Better Homes and Gardens.

According to the survey, 75 percent of luxury homebuyers believe homeownership is a sounder investment than the stock market. What’s more, 57 percent of luxury homeowners said homeownership is a bigger indicator of success than their job or title.

“The luxury consumer is considered a trendsetter in most industries, and to see the strong connection this consumer has with ‘home’ is very significant as we look at the real estate market as a whole,” says Sherry Chris, president and CEO of Better Homes and Gardens Real Estate LLC. “The luxury homebuyer has high standards and invests the money, the time, and the commitment to making their home fit their needs and reflect who they are. It’s remarkable that they do this so well that nearly all – 93 percent – believe their house is the best one on their block.”

The survey revealed some of the following insights into the luxury homebuyer and owner:

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3 smart locks that are opening the door to an automated keyless future

Here’s a blog post we came across showcasing some new choices in home automation:  deadbolts that are automated and can connect to your smartphone — meaning you don’t have to get your key out to enter the home. Read more about this new technology here: http://capitalconnect.com/blog/3-smart-locks-that-are-opening-the-door-to-an-automated-keyless-future/ Dreambuilder Custom Homes always works to stay on top…

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Jumbo loans cheaper than conventional for first time

NEW YORK – Sept. 6, 2013 – For the first time ever, interest rates for jumbo mortgages have dropped below the average rates for conforming mortgages, lenders say. The average interest rate for a 30-year fixed-rate conforming mortgage last week was 4.73 percent while the average for a jumbo 30-year fixed-rate mortgage was 4.71 percent,…

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