Monthly Archives: July 2011

Mortgage Rates– short term rates creeping down– long term creeping up?

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Rates July 27th, 2011 Conventional 30 yr Fixed  –  4.625% with .375 points  (4.75% giving
back .375 lender credit)
Conventional 15 yr Fixed  –  3.75% no points
Conventional 5/1- 2.99% no points
Jumbo 5/1yr arm – 3.875% no points
Jumbo 30 year fixed  – 4.75% no points
FHA 96.5%- 4.375%  – 30 year fixed  no points
VA 100%- 4.375% – 30 year fixed no points

All conventional loan rates are based on a middle credit score of 740 
or higher and a loan amount of $150k or higher on a primary residence
purchase.  All rates based on purchase money mortgages for primary
residences.  Jumbo loans are loan amounts over $417k with 20% down
minimum. Rates are subject to change based on market conditions and are
intended to be used as a guide only.  For up to the minute rates,
please call for a rate quote.

For Apr example calculations—please visit
www.suntrustmortgage.com/aprexamples.asp For more information on our loan programs or to make an application,
please contact:

Tyler Oden
Tyler.oden@suntrust.com
www.tyleroden.com
NMLSR# 659664 
Office:  850 425-6716 
Fax:  850 425-6730 
Mobile: 850 294-6626

Rates up a little…

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Rates July 20th, 2011 Conventional 30 yr Fixed  –  4.625% no points

Conventional 15 yr Fixed  –  3.75% no points Conventional 5/1 – 3.375% no points

Jumbo 5/1yr arm – 4.125% no points Jumbo 30 year fixed – 4.75% no points

FHA 96.5%- 4.375% – 30 year fixed  no points VA 100%- 4.375% – 30 year fixed no points

All conventional loan rates are based on a middle credit score of 740 
or higher and a loan amount of $150k or higher.  All rates based on
purchase money mortgages for primary residences.  Jumbo loans are loan
amounts over $417k with 20% down minimum. Rates are subject to change based on market conditions and are
intended to be used as a guide only.  For up to the minute rates,
please call for a rate quote.
For Apr example calculations—please visit
www.suntrustmortgage.com/aprexamples.asp

For more information on our loan programs or to make an application,
please contact:
Tyler Oden
Tyler.oden@suntrust.com
www.tyleroden.com
NMLSR# 659664 
Office:  850 425-6716 
Fax:  850 425-6730 
Mobile: 850 294-6626

Killearn Lakes Deer

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Killearn Lakes is Tallahassee’s most Northern Subdivision. It looks 

like houses were sprinkled in the woods. The many green spaces and
wooded conservation easements support a lot of wildlife. Deer are
everywhere.. this one was by the side of the main road. We stopped for
photo and she gave us a once over and then went back to eating.

Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

You never know what your going to find…

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The Carpenter got creative on this house trim!

Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

Rates back down again!

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      Rates July 14th, 2011

      Conventional 30 yr Fixed  –  4.5% no points

      Conventional 15 yr Fixed  –  3.75% no points

      Conventional 5/1 3.375% no points

      Jumbo 5/1yr arm  – 3.875% no points

      Jumbo 30 year fixed  – 4.75% no points

      FHA 96.5%- 4.25%  – 30 year fixed  no points

      VA 100%- 4.25% – 30 year fixed no points

      All conventional loan rates are based on a middle credit score of 740 or higher and a loan amount of $150k or higher on a primary residence purchase.  All rates based on purchase money mortgages for primary residences.  Jumbo loans are loan amounts over $417k with 20% down minimum. 

      Rates are subject to change based on market conditions and are intended to be used as a guide only.  For up to the minute rates, please call for a rate quote. 

      For Apr example calculations—please visit

      www.suntrustmortgage.com/aprexamples.asp

       

      For more information on our loan programs or to make an application, please contact:

       

      Tyler Oden

      Tyler.oden@suntrust.com

      www.tyleroden.com

      NMLSR# 659664

      Office:  850 425-6716

      Fax:  850 425-6730

              Mobile: 850 294-6626

              

      Rewarding Bad Behavior and Putting Tax Payers at risk?

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      The WSJ had a good article describing the options open to the Obama 

      Administration to speed up the housing recovery. From my read, all the
      options are rewarding bad behavior or putting more of the tax payers
      money at risk. We need to deal evenly with everyone rather than just
      bail out bad or underwater borrowers. Any attempt to prop up folks at
      the bottom is unfair to the people who have made their mortgage
      payments and stayed in their homes.

      I keep wondering what we could do that will help but is FAIR: Why not
      reset everyone’s mortgage at a 4% fixed rate? Can you think of another
      creative fix?

      Here is a link to the article:
      http://online.wsj.com/article/SB10001424052702304584404576440033488980192.htm… Barry Bevis, Broker/Realtor
      C-850-491-3600
      F-877-870-9066
      www.BevisRealty.com

      Rates July 7th, 2011

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      Rates July 7th, 2011 Conventional 30 yr Fixed  –  4.75% no points

      Conventional 15 yr Fixed  –  3.875% no points Conventional 5/1 3.25% no points

      Jumbo 5/1yr arm  – 3.875% no points Jumbo 30 year fixed  – 4.75% no points

      FHA 96.5%- 4.5%  – 30 year fixed  no points VA 100%- 4.5% – 30 year fixed no points

      All conventional loan rates are based on a middle credit score of 740 
      or higher and a loan amount of $150k or higher on a primary residence
      purchase.  All rates based on purchase money mortgages for primary
      residences.  Jumbo loans are loan amounts over $417k with 20% down
      minimum. Rates are subject to change based on market conditions and are
      intended to be used as a guide only.  For up to the minute rates,
      please call for a rate quote.

      For Apr example calculations—please visit
      www.suntrustmortgage.com/aprexamples.asp For more information on our loan programs or to make an application,
      please contact:

      Tyler Oden
      Tyler.oden@suntrust.com
      www.tyleroden.com
      NMLSR# 659664 
      Office:  850 425-6716 
      Fax:  850 425-6730 
      Mobile: 850 294-6626