August 23rd, 2010
By Julie Haviv
NEW YORK (Reuters) – U.S. mortgage rates fell in the past week to the latest in a series of record lows amid concerns about the state of the U.S. economy, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Rock-bottom rates should continue to spur demand for home loan refinancing, putting extra cash into consumers’ hands that they can save, use to pay off existing debt or funnel into the economy through extra spending.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.42 percent for the week ended August 19, down from the previous week’s 4.44 percent and its year-ago level of 5.12 percent, according to the survey.
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August 11th, 2010
Dreambuilder Custom Homes is very proud to announce its sponsorship of the Southern Oak Insurance Company Tailgate: Kick-off to a Cure, benefiting the Cystic Fibrosis Foundation. Dreambuilder is a Game Day Sponsor of the September 19th event.
Supporting the Cystic Fibrosis Foundation is important to the Dreambuilder family: president Shawn Starr’s 10-year-old niece, Courtney, suffers from the disease, along with about 30,000 others in the United States, most of whom are children. Read the rest of this entry »
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August 9th, 2010
Dreambuilder Custom Homes is pleased to announce that it is able to refer its custom home building, renovation and remodeling clients to reputable contacts for financing. These companies offer construction-permanent loans, which is the typical product for the custom home client. With this product, clients make interest-only payments during construction, and only on what has been spent on construction so far. At the end of construction, the loan automatically converts to the permanent mortgage, resulting in an easy, streamlined process.
Mortgage companies also offer products specific to renovations and remodeling, in addition to traditional second mortgages or home equity lines of credit.
Dreambuilder’s ability to refer clients for financing options is just one more way Dreambuilder can provide its clients with a concierge-style building experience.
Please click here for more information.
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August 2nd, 2010
– During these economic times, new housing design has adaped to the conditions by becoming smaller and with more thoughtful decisions by architects, builders and consumers about what goes into the home so that the best value is achieved. Fortunately, Dreambuilder Custom Homes, a custom home designer and builder in Jacksonville, can help you imagine and create a home of any size, with just the amenities you want. A custom home does not have to mean a large, million-dollar mansion. It can mean 2,000 square feet of beautiful, livable, optimized space with the luxury touches you want, so you can live the life you’ve dreamed of. To learn more about the affordability of our custom homes, click here. We can also connect you with information on financing your dream.
JACKSONVILLE, Fla. – July 28, 2010 – The house of the near future could look more like, well, a home.
After the economic recession and collapse of the housing market, “smaller, better, smarter” may win out over grand, oversize showpieces, said Jacksonville architect Michael Dunlap. “That’s what I think they’ll be.”
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tags: affordability, architecture, custom homes, custom homes builder, custom homes builders, custom homes in jacksonville fl, custom homes Jacksonville, custom homes jacksonville fl, design, design trends
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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
A service of YellowBrix, Inc.
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