Posts Tagged ‘luxury homes in clay county’

Average rate on 30-year mortgage at 4.58%

Sunday, August 25th, 2013

By Marcy Gordon, Associated Press

 

WASHINGTON – Aug. 23, 2013 – Average U.S. rates for fixed mortgages rose this week to their highest levels in two years, driven by heightened speculation that the Federal Reserve will slow its bond purchases later this year.

Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan jumped to 4.58 percent, up from 4.40 percent last week. The average on the 15-year fixed loan rose to 3.60 percent from 3.44 percent. Both averages are the highest since July 2011.

Rates have risen more than a full percentage point since May. The latest spike comes after more Fed members signaled they could be open to reducing the bond purchases as early as September. The purchases have helped keep long-term interest rates low, including mortgage rates.

Despite the increase, mortgage rates remain low by historical standards. And recent reports suggest the jump in rates has yet to sap the housing recovery’s momentum. (more…)

First Look: Dreambuilder 16 Photos

Tuesday, August 20th, 2013

Courtesy of Deremer Studios, Dreambuilder’s official photographer:

http://deremerstudios.wordpress.com/2013/08/19/dreambuilders-newest-welcoming-and-warm-architecture-in-jacksonville-beach/

Jumbo mortgage loans are back on the table

Friday, July 19th, 2013

CHICAGO – July 18, 2013 – It’s a good time to buy an expensive home.

Jumbo mortgage loans, which sizzled during the housing market’s run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to the terms offered to buyers of much less luxurious homes.

As a result, more consumers are able to consider the purchase of luxury homes, a market that has been long stalled. Nationally, the annual dollar volume of jumbo loans is on pace to be the best since 2007, and a growing field of lenders is seeking to build a customer base or cement established relationships by offering those mortgages.

“For a long time, it was, ‘Oh, God, wait and see what happens with the mortgage,’” said Matt Farrell, managing partner of Urban Real Estate in Chicago. “The banks have a renewed confidence in the collateral.” (more…)

Oceanfront home Dreambuilder 17 is now underway!

Tuesday, June 4th, 2013

Dreambuilder 17 Architectrual RenderingDreambuilder Custom Homes is excited to announce that we recently began construction on Dreambuilder 17, an oceanfront home in Jacksonville Beach.

Dreambuilder 17 is a three-story, 3,400 SF home custom-designed for Matt and Alexis Kane and their family.  Dreambuilder assisted the Kanes from the very beginning, including consulting with them on lot selection and connecting them with Realtor Sherri Beno to negotiate the transaction.  Dreambuilder then assembled a team of professionals to bring the Kanes’ project to life, including architects, engineers, coastal consultants and interior designers, all working together to enable the Kanes’ vision for their home. (more…)

Dreambuilder’s remodeling expertise profiled in Florida Homebuyer magazine

Thursday, May 16th, 2013

FHBDreambuilder Custom Homes not only builds beautiful new homes, but also builds beautiful new kitchens and baths in existing homes.  One of our kitchen renovations, Dreambuilder 13, was profiled in this month’s issue of Florida Homebuyer magazine.

Dreambuilder 13 is an award-winning kitchen renovation that completely uprooted and relocated the kitchen and breakfast areas and opened up the rear wall of the home to take in the view of the Intracoastal waterway.

You can view the digital edition of Florida Homebuyer here.  See pages R10 and R11 for Dreambuilder’s coverage.  Contact us today to get started on your own home make-over!