Well this article just doesn't want to post! Third time the charm to try to get the information out there on rates and today's trends. 9 month high. For more information go to www.InvestSmarter.com and see what else is happening in today's world of real estate in and around Panama City Beach Real Estate. So one more time......
Daily Real Estate News June 20, 2008
Mortgage Rates Climb to 9-Month High Freddie Mac reports a jump in the 30-year fixed mortgage rate to 6.42 percent during the week ended June 19 from 6.32 percent the prior week, marking a nearly nine-month high. The 15-year fixed mortgage rate rose to 6.02 percent from 5.93 percent, the five-year adjustable mortgage rate climbed to 5.89 percent from 5.70 percent and the one-year ARM jumped to 5.19 percent from 5.09 percent. Freddie Mac chief economist Frank Nothaft attributes the gains to concerns about inflation after the consumer- and producer-price indexes for May were issued. Higher mortgage rates sparked an 8.7-percent drop in loan applications in the past week and a 21-percent decline year over year, according to the Mortgage Bankers Association. Source: The Wall Street Journal (06/20/08)
To search properties located in the Panama City Beach Real Estate market please visit www.panama-city-beach-florida-mls.com to see all of the homes and condos for sale in the area. Sorry for this being short...but again this is the third attempt to get the info out there!!!
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