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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Dreambuilder hits 400 fans on Facebook

We are so excited to hit 400 ‘likes’ on Dreambuilder Custom Homes’ Facebook page!  Thanks to all of you we are fast becoming one of the more well-known custom builders in the area. If you’re not already a fan, just click here to visit our Facebook page.

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Average rate on 30-year mortgage at 4.58%

By Marcy Gordon, Associated Press   WASHINGTON – Aug. 23, 2013 – Average U.S. rates for fixed mortgages rose this week to their highest levels in two years, driven by heightened speculation that the Federal Reserve will slow its bond purchases later this year. Mortgage buyer Freddie Mac said Thursday that the average rate on…

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Why it might be cheaper to get a jumbo loan

NEW YORK – Aug. 21, 2013 – The summer of 2013 has seen a new kind of blockbuster that could be titled: “Honey, I Shrunk the Jumbo Rate.” The spread between average rates for jumbo loans and government-backed conforming loans is the narrowest in five years – even with the recent rise in interest rates.…

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First Look: Dreambuilder 16 Photos

Courtesy of Deremer Studios, Dreambuilder’s official photographer: http://deremerstudios.wordpress.com/2013/08/19/dreambuilders-newest-welcoming-and-warm-architecture-in-jacksonville-beach/

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