News & Notes

December 18, 2016

Real Estate Market Pulse

Area mortgage rates jumped substantially this week. Thirty-year fixed rate conforming mortgages rose to an average of 4.38% in Northeast Florida from 4.20% last week. APR’s on thirty-year fixed rate jumbo mortgages increased to 4.40% from 4.23% a week ago. In the Ponte Vedra Beach market area 29 single-family homes went “Pending” (under contract without…

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December 11, 2016

Real Estate Market Pulse

Area mortgage stabilized this week. Thirty-year fixed rate conforming mortgages eased slightly to an average of 4.20% in Northeast Florida from 4.21% last week. APR’s on thirty-year fixed rate jumbo mortgages crept up to 4.23% from 4.21% a week ago. In the Ponte Vedra Beach market area 27 single-family homes went “Pending” (under contract without…

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December 4, 2016

Real Estate Market Pulse

Area mortgage rose once again this week. Thirty-year fixed rate conforming mortgages moved up to an average of 4.21% in Northeast Florida from 4.186% last week. APR’s on thirty-year fixed rate jumbo mortgages increased to 4.21% from 4.18% a week ago. In the Ponte Vedra Beach market area 25 single-family homes went “Pending” (under contract…

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November 27, 2016

Real Estate Market Pulse

Area mortgage continued to climb again this week. Thirty-year fixed rate conforming mortgages jumped up to an average of 4.18% in Northeast Florida from 4.06% last week. APR’s on thirty-year fixed rate jumbo mortgages rose to 4.18% from 4.08% a week ago. In the Ponte Vedra Beach market area 25 single-family homes went “Pending” (under…

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November 20, 2016

Real Estate Market Pulse

Ouch! Area mortgage rose substantially again this week. Thirty-year fixed rate conforming mortgages jumped up to an average of 4.06% in Northeast Florida from 3.87% last week. APR’s on thirty-year fixed rate jumbo mortgages increased to 4.08% from 3.92% a week ago. In the Ponte Vedra Beach market area 26 single-family homes went “Pending” (under…

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November 13, 2016

Real Estate Market Pulse

Area mortgage rose substantially this week. Thirty-year fixed rate conforming mortgages increased to an average of 3.87% in Northeast Florida from 3.70% last week. APR’s on thirty-year fixed rate jumbo mortgages jumped to 3.92% from 3.71% a week ago. In the Ponte Vedra Beach market area 27 single-family homes went “Pending” (under contract without contingencies)…

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November 6, 2016

Real Estate Market Pulse

In the Ponte Vedra Beach market area 26 single-family homes went “Pending” (under contract without contingencies) in the past four weeks compared to 33 in the same period last year. The most recent five year average for this four week interval is also 33 contracts. In Southeast Jacksonville 36 homes went “Pending” during the past…

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October 30, 2016

Real Estate Market Pulse

Area mortgage rates rose this week. Thirty-year fixed rate conforming mortgages increased to an average of 3.69% in Northeast Florida from 3.62% last week. APR’s on thirty-year fixed rate jumbo mortgages jumped to 3.73% from 3.63% a week ago. In the Ponte Vedra Beach market area 25 single-family homes went “Pending” (under contract without contingencies)…

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October 23, 2016

Real Estate Market Pulse

Area mortgage rates eased slightly this week. Thirty-year fixed rate conforming mortgages fell to an average of 3.62% in Northeast Florida from 3.63% last week. APR’s on thirty-year fixed rate jumbo mortgages dropped to 3.63% from 3.65% a week ago. In the Ponte Vedra Beach market area 29 single-family homes went “Pending” (under contract without…

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October 21, 2016

Ponte Vedra Beach Real Estate Market ~ Hurricane Matthew

Hurricane Matthew raised havoc in the Ponte Vedra Beach area two weeks ago bringing down many trees and tree limbs and causing some water damage. But all in all we were very fortunate and can be thankful that the hurricane wobbled to the right before passing Ponte Vedra Beach. The hurricane also dampened the Ponte…

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