Mortgage applications up. Rates still low.

This article was in our Realtor® Magazine and it is encouraging news for the real estate market and for the turnaround we expect here in Naples, Florida.
The volume of applications for home loans rose 11.4 percent last week, the highest level since October 2005, according to the Mortgage Bankers Association.
Lower mortgage rates are the main […]

Tags: Naples Florida Real Estate by Rick Bethem
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Fed rate stays at 5.25 percent

The Federal Reserve had their meeting this week and distributed the following press release.
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth has slowed over the course of the year, partly reflecting a substantial cooling of the housing market. Although recent indicators have been mixed, […]

Tags: Naples Florida Real Estate by Rick Bethem
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