Average rate on 30-year mortgage dips to 5 percent

Source: Associated Press/AP Online Publication date: February 17, 2011 NEW YORK – Fixed mortgage rates inched down this week, following a dip in Treasury yields.Freddie Mac says the average rate on a 30-year fixed mortgage slipped to 5 percent from 5.05 percent last week. It hit a 40-year low of 4.17 percent in November. The…

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Internet Plan of the Week: This one really is a castle!

Dreambuilder presents the Balmoral, a true castle by Archival Designs. This 22,188 SF behemoth features 12 chambers (i.e., bedrooms), 16 bathrooms and a 6-car garage over three main floors.  Three additional floors in the towers make for a six-story home.  Soaring ceilings, grand spaces and luxury outfit every corner of this home.  The house even has…

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Dreambuilder supports Habijax ReStore

The HabiJax ReStore is a 38,000 sq. ft. home improvement retail outlet where new and refurbished building materials, cabinets, appliances, furniture, lighting and accessories are sold to the public at reduced prices.  All materials sold are donated, and proceeds from the ReStore provide an important source of additional funding for HabiJax to build and renovate…

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Kitchens.com provides great design ideas

We here at Dreambuilder recently discovered Kitchens.com and encourage you to visit.  One of the things we really like about the site is the vignettes of various styles that the site provides.  For example, if you select the “casual coastal” kitchen, you not only see pictures of a beautiful kitchen in this style, but also…

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30-year mortgages rise to 5.23%

From interest.com Interest.com’s weekly survey of major lenders, taken Feb. 9, found the average interest rate for a: 30-year, fixed-rate loan increased to 5.23% from 5.02%. Interest rates are now higher than they were at this time last year, when a 30-year loan averaged 5.15%. 15-year, fixed-rate loan jumped to 4.48% from 4.29%. A year…

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