Archive for July, 2010

Mortgage rates hit low of 4.54 percent

Saturday, July 31st, 2010

NEW YORK – Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.

Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. That’s the lowest since Freddie Mac began tracking rates in 1971.

The last time home loan rates were lower was during the 1950s, when most mortgages lasted just 20 or 25 years.

The rate on the 15-year fixed loan dropped to 4 percent, down from 4.03 percent last week and the lowest on record.

Rates have fallen since the spring. Yields on U.S. Treasury bonds have dropped as jittery investors seek safer investments. Mortgage rates tend to track yields on Treasurys.

– from Big Builder Online

Source: Associated Press/AP Online
Publication date: July 29, 2010

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Custom homes in Jacksonville FL should have architectural style

Friday, July 23rd, 2010

– If you drive through older sections of Jacksonville like Riverside, Avondale and Springfield, you will see a great mix of small and large homes of varying architectural styles.  These homes were all built when residential architecture brought high value, character and definition to the home, regardless of its size.  Most homes built today, unfortunately, are big-box, dumbed-down structures that are devoid of any true architectural style.  As a custom home builder, Dreambuilder Custom Homes can educate you on the different styles available so that you can select the style that best suits your vision for your home, bringing beauty, value and real architectural integrity for years to come.

This link is a great start in that direction.  Click on it to see a handful of residential architectural styles and pictures.

Many more styles are available.  Contact Dreambuilder Custom Homes today to find out more about bringing true architectural style to your new custom home.

Habitat for Humanity now a top 10 U.S. builder

Wednesday, July 21st, 2010

– Dreambuilder Custom Homes supports Habijax, Jacksonville’s chapter of Habitat for Humanity.  To find out how you can help, click here.  To find out more about other organizations that Dreambuilder supports, see our support page.

MANATEE COUNTY, Fla. – July 21, 2010 – The market forces that bumped Habitat for Humanity up into the top 10 on a list of leading U.S. home builders prevent the nonprofit group from celebrating the milestone.

Habitat for Humanity moved up three spots to eighth on Builder magazine’s Builder 100 list for 2009, partly because for-profit builders struggled and potential homebuyers put off new-home purchases.

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Dreambuilder Custom Homes featured in Realty/Builder Connection

Wednesday, July 14th, 2010

Dreambuilder Custom Homes was featured in the July issue of the Realty/Builder Connection.  Read more below.

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Mortgage rates hit another record low

Friday, July 9th, 2010

McLEAN, Va. – July 9, 2010 — U.S. mortgage rates fell for the second straight week to the lowest level in five decades, as a refinancing boomlet took hold.

Mortgage company Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) average 4.57 percent, down from last week when it averaged 4.58 percent. That’s the lowest level since Freddie Mac began tracking rates in 1971.

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