Rate on 30-year mortgage declines to 4.37%

by Marcy Gordon, Associated Press WASHINGTON – July 19, 2013 – Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve’s possible slowing of its bond purchases this year. Mortgage buyer Freddie Mac said Thursday the average on the 30-year loan slipped to 4.37 percent.…

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Jumbo mortgage loans are back on the table

CHICAGO – July 18, 2013 – It’s a good time to buy an expensive home.

Jumbo mortgage loans, which sizzled during the housing market’s run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to the terms offered to buyers of much less luxurious homes.

As a result, more consumers are able to consider the purchase of luxury homes, a market that has been long stalled. Nationally, the annual dollar volume of jumbo loans is on pace to be the best since 2007, and a growing field of lenders is seeking to build a customer base or cement established relationships by offering those mortgages.

“For a long time, it was, ‘Oh, God, wait and see what happens with the mortgage,’” said Matt Farrell, managing partner of Urban Real Estate in Chicago. “The banks have a renewed confidence in the collateral.”

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30-year mortgage rate at 2-year high: 4.46%

by Marcy Gordon, Associated Press

WASHINGTON – June 27, 2013 – Average U.S. rates on fixed mortgages surged this week to their highest levels in two years, and the rate on the 30-year loan jumped by the most in 26 years.

The increase is evidence that the Federal Reserve’s comments about possibly reducing its bond purchases are already affecting consumers.

Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan jumped to 4.46 percent. That’s up from 3.93 percent last week and is the highest since July 2011. The increase was also the biggest since April 1987.

The rate on the 15-year mortgage rose to 3.50 percent from 3.04 percent last week. That’s the highest since August 2011.

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From Houzz and Dreambuilder: Creating the Farmhouse Style

We came across this article on Houzz outlining nine ways to create the farmhouse style in your own home.  While a couple of the items had to do with furniture, several had to do with the architecture and finishes of the home.  We were happy to see that these elements are clearly represented in our recently completed farmhouse in Pablo Creek Reserve, Dreambuilder 18:

Dreambuilder 03 5208 Commissioner 3631)  The wrap around porch:  Dreambuilder 18 features a beautiful wrap-around porch, complete with open-rafter detailing at the eaves.




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