Rate on 30-year fixed mortgage dips to 4.71 pct.

Source: Associated Press/AP Online
Publication date: January 13, 2011

By JANNA HERRON

NEW YORK – Rates on fixed mortgages dipped for the second straight week as Treasury yields fell.

Freddie Mac said Thursday the average rate on the 30-year mortgage dropped to 4.71 percent this week from 4.77 percent the previous week. It hit a 40-year low of 4.17 percent in November.

The average rate on the 15-year loan slipped to 4.08 percent from 4.13 percent. It reached 3.57 percent in November, the lowest level on records starting in 1991.

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Dreambuilder announces additional financing referrals

Dreambuilder Custom Homes is happy to add two additional referrals to help its clients obtain financing for building their new custom home, or any other financing needs.

  • Meredith Porter, branch manager, Ameris Bank
  • Elysia Stobbe, branch manager, VanDyk Mortgage

You can find out more about these contacts and others by clicking here.

Dreambuilder announces completion of a kitchen remodel: Dreambuilder Eight

Dreambuilder Custom Homes is pleased to announce the completion of Dreambuilder Eight:  a kitchen transformation for the Schneider family in Jacksonville, FL.

Kirsten Schneider is a professional chef and owner of Dinners Direct, a home-delivery meal preparation service.  Her current kitchen, original to the 25-year-old home, fell woefully short of her needs, both in function and style.

The new kitchen features all-wood, raised-panel, full-overlay cabinetry with rope inlay and finished in a hazelnut glaze.  The rich warm finish is the current trend in today’s kitchen colors.  Beautiful granite countertops and a gorgeous glass mosaic tile backsplash bring luxurious touches to Kirsten’s new kitchen. 

Dreambuilder added a stainless steel undermount sink with coordinating Moen faucet.  New stainless steel appliances and fresh paint complete the new look.

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Mortgage rates remain quite low despite December’s brief spurt upward

By Mike Sante, Interest.com Managing Editor, interest.com

Mortgage rates are starting the new year about a half point higher than the record lows reached last fall.

The average cost of a 30-year, fixed-rate mortgage — the most popular type of home loan — was 5.02% in our latest survey of major lenders taken Dec. 29.

By any historical standard, that’s still quite cheap. It’s just not quite as cheap as the 4.42% average reached in early November.

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Kitchen & Bath Feature Warm, Contemporary Style

Our series on kitchen and bath design trends concludes with this project from Ann Arbor, MI.  The builder was able to create a beautiful, functional kitchen even though space was limited by its galley-style design.  Even if space is at a premium, Dreambuilder can help you maximize the storage, workspace and beauty of your kitchen.…

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