Panama City Mortgage Update 
Free Panama City Florida mortgage information: home loans, refinance and Mortgage market summaries and updates.
There are currently 10 blog entries related to this category.
Panama City Homes and condos | Real Estate Market Summary
Friday, January 20th, 2012 at 8:09am. 200 Views, 0 Comments.
Thanks to Jackie Fowler Mortgage Loan Originator at Regions Mortgage for this update
Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).
The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries,
including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to…
Panama City Mortgage Update
Wednesday, July 6th, 2011 at 8:32am. 467 Views, 0 Comments.
Panama City Homes | Market Update
Here is the latest mortgage market update for the Panama City Real Estate market area provided by Jackie Fowler:
Market Update Week Ending July 1, 2011This week's economic news was nearly all positive, and the stock market posted a strong rally. Unfortunately, what's good for stocks is generally unfavorable for mortgage rates. Progress on the Greek aid package and stronger than expected US manufacturing data, along with the end of the Fed's bond buying program, combined to push mortgage rates higher this week.
While the Fed made known months ago that its $600 billion…
Mortgage Market Update Week Ending May 27, 2011
Monday, June 6th, 2011 at 9:52am. 411 Views, 0 Comments.
Panama City Homes | Market Update
Latest mortgage information and market update provided by Jackie Fowler...
Many factors were favorable for mortgage rates this week. Weaker than expected economic data, strong results for the Treasury auctions, and renewed concerns about weaker European countries all helped mortgage rates end the week at the lowest levels of the year.All of the major economic data released during the week was weaker than expected. First quarter Gross Domestic Product (GDP), the broadest measure of economic growth, was unchanged at 1.8%. Most investors expected the figures to be revised higher to at least 2.0%. April Durable Orders fell 4% from March, which was the largest monthly decline since October 2010. Weekly Jobless…
Market Update Week Ending May 6, 2011
Monday, May 9th, 2011 at 10:27am. 442 Views, 1 Comments.
Panama City Homes | Market Update
This market update is brought to you by Jackie Fowler at Region's Bank:
Weaker than expected data helped mortgage rates improve for most of the week, but Friday’s Employment report then surprised to the upside, causing mortgage rates to give back some of the improvement. In the end, as they have for each of the last few weeks, mortgage rates finished the week a little lower.
Against a consensus forecast of 185K, the economy added 244K jobs in April. Revisions to data from prior months added another 46K jobs. The private sector added 268K jobs, which was the highest level since February 2006, and the gains were broad-based across a range of sectors. The Unemployment Rate unexpectedly increased to 9.0% from 8.8% in…
Panama City Real Estate Market update
Tuesday, September 7th, 2010 at 9:57am. 573 Views, 6 Comments.
The Panama City Real Estate market summary for August 2010 has been published for your convenience.
An interesting aspect of the market numbers is that if we were not faced with a recession/depression the numbers indicate we would be entering a sellers market.
Home sales were up from July, however the price of homes decreased significantly.
Condo sales decreased slightly as prices remained about the same as July.
Banks and lenders continue to foreclose at an alarming rate, shortsales and foreclosures are now the market norm and there is no end in sight.
On the bright side, Panama City homes and condos that are not in foreclosure or short sale status and are priced correctly are sold very quickly - usually in less than 30 days.
The Ecomomic Disaster Act - and you...
Friday, August 27th, 2010 at 6:08am. 563 Views, 2 Comments.
If you've read my other blog - Panama City Real Estate Blog about some of the decisions lenders are making in large part thanks to the so called Economic Recovery Act you can understand my frustration.
Are lenders losing their insanity? Are the people in charge of the decision making process actually qualified to make these decisions?
I have to wonder at the competency of these people.
Perhaps they are more interested in taking a loss on their books than actually helping tax paying, home owners in the United States?
What do you think?
Are lenders taking advantage of a hand out for tax gains that should have been issued to home owners?
Should our government investigate the practices of these lenders?
Where are our elected officials, what are they…
Fannie Adds Incentive to Avoid Foreclosure
Monday, April 26th, 2010 at 3:32pm. 417 Views, 0 Comments.
Just released - Fannie Mae foreclosure incentives...
Source: The Wall Street Journal, Nick Timiraos (04/26/2010)
Beginning in July, Fannie Mae will allow
financially troubled home owners to complete a “deed in lieu of
foreclosure” or a short sale and be eligible to apply for a new
Fannie-backed mortgage in two years.
Currently, borrowers who have completed a
deed-in-lieu must wait four years to apply for a loan that Fannie will
purchase. Home buyers who go through foreclosure must wait five years.
All these waiting periods can be reduced further, if the potential buyer can show extenuating circumstances. "We are beginning to think about post-recession, how you address borrowers
who became unemployed through no fault of their own ...…
Panama City Real Estate | Mortgage update
Wednesday, April 21st, 2010 at 7:23pm. 260 Views, 0 Comments.
The latest mortgage market update for the Panama City, Florida area has been posted for your convenience.
Here is a short summary:
Last week’s economic data continued to be mostly positive, but mortgage rates slid downwards. This
manufacturing-lead recovery continues to maintain its pace, with Industrial Production numbers
revealing solid gains for manufacturing and mining issues. While the housing and labor market will
likely be a major drag on the recovery for some time, retail sales did tick upward more than expected.
As economically positive as most of last week’s news was, inflation at the consumer level of the
economy is all but absent. This should enable the Fed to maintain its stance regarding low interest
rates for the foreseeable…
Florida Housing’s First Time Homebuyer Program
Wednesday, January 6th, 2010 at 4:14pm. 752 Views, 5 Comments.
Here's some valuable information for Florida first time home buyers and programs that are currently available...
Florida Housing’s First Time Homebuyer Program offers low fixed-rate 30-year first mortgage programs for first time homebuyers (some exceptions exist) with qualified income and purchase price limits for the county where they are purchasing a home.
There also are down payment assistance programs that can be used with the first mortgage products.
FIRST TIME HOMEBUYER PROGRAMS offered by Florida Housing are as follows:
- Florida First: This program offers a low 30-year fixed-rate first mortgage to all borrowers who meet program guidelines and qualify for a loan. Borrowers who qualify for this first mortgage product are automatically qualified…
Mortgage update - Busy week
Monday, June 22nd, 2009 at 7:36am. 824 Views, 4 Comments.
Here's what's happening this week at Panama City Real Estate:
The latest edition of the Mortgage Summary newsletter is published for your convenience. View it online at your convenience or save it and review it later.
This week marks a milestone in education. I'll be in class all week for my Florida real estate Brokers license.
My team and assistants will be available to help with any and all questions or issues that arise. If you require my assistance directly, of course I'll always be available and checking in through out the week.
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends