Panama City Homes for sale 
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Panama City Mortgage Update
Wednesday, July 6th, 2011 at 8:32am. 571 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 quantitative…
Mortgage Market Update Week Ending May 27, 2011
Monday, June 6th, 2011 at 9:52am. 495 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 Claims…
HB 1141 - tax break for military homestead owners
Friday, June 3rd, 2011 at 8:57am. 501 Views, 0 Comments.
For my clients who served in Iraq or Afghanistan during 2010...
The bill HB 1141 was signed by Governor Scott on 5/31:
Here are the details:
HB 1141 implements a constitutional amendment approved by voters in 2010 and provides a new homestead exemption for military personnel on active duty overseas. The exemption is based on the amount of time the individual served overseas.
How to calculate the tax break
Taxable value of the property multiplied by the percentage of time spent overseas in 2010. (Calculate percentage of time spent overseas by taking the number of days overseas and dividing it by 365).
So, if someone spent six months overseas in 2010, he or she would get a 50 percent discount. If someone spent the entire year overseas (12 months), he…
Market Update Week Ending May 6, 2011
Monday, May 9th, 2011 at 10:27am. 522 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…