Mortgage rates continued higher today, extending a sharp move that began on Friday following stronger-than-expected employment data. There are two distinctly different ways to look at the current rate environment. On the one hand, the average conventional 30yr fixed rate continues hovering in the mid 3's on top tier scenarios. While that's not quite as low as it was in early July, or on some occasions in 2012-2013, it's still in the territory of "all-time lows" in the big picture. On the other hand, current rates are near the highest levels in just over a month. This means they're 'threatening' --for lack of a better term--to break out of the low range that followed The UK's vote to leave the EU (Brexit). According to some schools of thought, once rates move up and out of that range, it could
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Monday, August 8, 2016
A Trendy Solution for Home Interiors: The Barn Door
Photo credit: Malte Strauss, Trust International Real Estate LLC
By Melissa Dittmann Tracey, REALTOR® Magazine
Sliding barn doors can add a modern twist to an interior space. Malte Strauss, broker and owner of Trust International Real Estate LLC in Deltona, Fla., says the barn door trend has caught on in central Florida.
“They are great for locations where a swinging door would infringe on the space and where there is not a conventional doorway,” Strauss says. “We use them all the time in master bathrooms where there is a vanity area that is separate from the tub commode area.”
They can also be a great solution in modernizing the vanity area of homes from the 1970s and 1980s, which tended to have the vanity in the master bedroom rather than in the bathroom. “Now we just close those off with a barn door and buyers love that solution,” Strauss says.
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Friday, August 5, 2016
Rates Jump Following Strong Jobs Data; Proposed Changes to HPML Appraisals; MBA Tunes Up Credit Availability Index
Mortgage rates moved higher at the fastest pace in more than 3 weeks today, following a much stronger-than-expected jobs report. The Employment Situation is widely regarded as the single most important economic report month in and month out. It always has the potential to move markets--especially interest rates. Economists and analysts actively attempt to predict the results of the report and the median forecast is generally "priced-in" to markets ahead of time. In other words, high or low job creation, in and of itself, doesn't push rates higher or lower on the actual day of the report. Rather, it's the gap between the consensus forecast and the actual result. In today's case, the median forecast called for the creation of 180k new jobs while the actual tally was an impressive 255k. Wages
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Going Global - Show 391
Real Estate Today Radio - SHOW 391
On this week's Real Estate Today, it's our special show "Going Global."
This Week's Show Includes:
- Top News Of The Week
- Americans Buying Abroad
- Buying in the USA
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)
Become a part of the community at http://retradio.com!
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On this week's Real Estate Today, it's our special show "Going Global."
This Week's Show Includes:
- Top News Of The Week
- Americans Buying Abroad
- Buying in the USA
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)
Become a part of the community at http://retradio.com!
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Roundup: The Boiling, Jack's Pizza opening downtown; Metro Diner adding third outpost
Seafood restaurant The Boiling is taking space where its oddly named predecessor lasted mere months, while Metro Diner is coming to a college campus.
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Former funeral home on East 10th Street to become events center
A downtown developer has bought the large, Victorian-style home that was built in 1898 by Fremont Alford, a prominent Marion County judge.
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Downtown Ruth's Chris to undergo $2M renovation as stakes rise
The steak house will close for three weeks in early September to allow for updates to the 20-year-old space in Circle Centre. It faces growing competition downtown among red-meat purveyors.
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