Some buyers panic after mortgage rates surge · PERT Florida Real Estate School

Understanding Mortgages for First Time Buyers. Obtaining a mortgage loan, when purchasing real estate in Florida, can be done with ease when you understand the types of real estate you are purchasing. At High Definition Mortgage Inc., we want to help you understand those unforeseen 3rd party costs of obtaining certain types of mortgage loans.

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Retain the option to approve your buyer’s mortgage lender. Make sure that the buyer doesn’t use a lender with a history of deliberately underestimating property values. A good real estate agent should know which lenders routinely under value homes. Keep records of repairs and upgrades, including costs. Take "before" and "after" photographs.

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Average long-term mortgage rates were above 6 % during the height of the last housing boom, and they hadn’t hit 5 percent before 2008. So someone looking to buy a home in the next couple of months doesn’t need to panic, said Svenja Gudell, chief economist at Zillow, a real estate information company.

Long-term mortgage rates climb again – to 4.40% By Association News February 22, 2018 Uncategorized PERT-news The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week’s average 4.38%.

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View timely mortgage rate trends data at realtor.com® Mortgage. Search local rates in your area and learn which factors determine your mortgage interest rate.

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