Tampa Mortgage - Home Loan Rates Jumped   

Tampa Florida - Friday, Tampa mortgage rates jumped from 5.875% to 6.25% as mortgage-backed securities traders joined the world wide sell-off.  Global stock markets plunged Friday and the Asian markets were weak for Monday.  Investors world wide don’t want to be invested in ANYTHING.

When the world panics, we FLOAT mortgage rates.  So, roll the projectors!  The movie “Float Club” is playing all week.

Interestingly enough, gold isn’t skyrocketing in price.  Long held as a “safe haven” during times of turmoil, investors are opting to hold their portfolios in cash instead:

Bullion is down 15 percent this month as the dollar climbed to a two-year high against the euro and the Standard & Poor’s 500 Index headed for its steepest monthly loss since 1938.

`We’re seeing some consolidation in the market today as investors pause for breath following the roller-coaster we had last week,” Zhu Lv, research manager at Shanghai Tonglian Futures Co., said from Shanghai today.

Gold for immediate delivery gained as much as 1.7 percent to $746.91 an ounce, and traded at $735.33 at 10:29 a.m. in Singapore. The metal fell below $700 on Oct. 24. Silver for immediate delivery was up 1 percent at $9.4575 an ounce.

Gold still benefits from its safe haven properties, although these days, more and more are choosing to hold just cash instead, so it won’t be surprising to see gold below $700 again,” said Zhu.

What’s this mean if you’re in the Market for a Tampa Mortgage?

What’s that mean to home buyers or property investors looking to get a home loan or mortgage in the Tampa Bay area?  It means that while investors are cautious, they aren’t completely terrified and that bodes well for mortgage-backed securities.  When investors buy mortgage-backed securities, mortgage rates drop; that’s what we think will happen in the next 7-10 days.

I cautioned borrowers to lock in all October closings last week when mortgage rates dipped below 6%.  That opportunity had a short-lived window.  Like all panics, reason eventually prevails.  Central banks world wide are slashing interest rates to avoid an economic recession.  This make US dollar denominated investments, especially mortgage-backed securities more attractive.

Hold out for a Tampa mortgage rate below 6% if you’re closing in November.  Contact us for a FREE quote and to find out your Tampa Home Mortgage Options  

Originally posted on Millionaire Real Estate Lender by Brian Brady, America’s #1 Mortgage Broker  

Call us Today at (727) 710-8036 to hear more about how we can help you! 

Copyright © 2008 Jack and Cyndee Haydon,  Clearwater REALTORS and your Clearwater Real Estate Consultants specializing in Tampa Bay Real Estate and may not be copied, reproduced, distributed, transmitted, displayed or published. 

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Tampa Bay Florida - Today I was reading one of my favorite Tampa Bay blogs and was reminded that this year’s Super Bowl is only 149 days away and will be held right here in Tampa Bay. Our community has hosted the Super Bowl before and boy does this town enjoy the festivities. If you want to find out more about this year’s Super Bowl or opportunities to volunteer or get involved then visit the Tampa Bay Superbowl website.

It’s amazing what local homes, beach condos and vacation rentals of all kinds will go for during that weekend. If you are planning to be here don’t put off making your reservations. While Jack and I don’t handle rentals you can call Patty Belloise at 727-410-1936 who does (just in case you’re looking for a great local contact).

Now if you are someone who has decided that “now is the time to buy” Tampa real estate - we CAN help you with this. :)   

Regardless of what your plans are here are some pictures of our Bucs Stadium, which I had the privledge of touring with Leadership Pinellas last year - I’ll give you a sneak peek into our stadium. 

 

 

Call us Today at (727) 710-8036 to hear more about how we can help you! 

Copyright © 2008 Jack and Cyndee Haydon,  Clearwater REALTORS and your Clearwater Real Estate Consultants specializing in Tampa Bay Real Estate and may not be copied, reproduced, distributed, transmitted, displayed or published. 

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Largo Florida Villa For Sale under $115,000 (UPDATED: SOLD)

Calling all Largo First time home buyers or investors looking for a vacation or winter home - you can’t beat this Belle Oaks Largo Villa for Sale. It is in a great location (East Bay and Belcher area) and shows pride of ownership. Enjoy hardwood floors, cathedral ceilings, updated kitchen with newer appliances and granite countertops and inside washer and dryer. You’ll also enjoy relaxing in one of the Belle Oak Villas two community pools or by the two ponds while watching the otters and ducks playing.

Quiet Largo Neighborhood with 2 Pools and 2 Ponds

You will enjoy this secluded neighborhood with not 1 but 2 pools each next to a peaceful pond. You can walk out your backdoor and be a few steps to the pond and pool. What are you waiting for…all the fun and none of the maintenance and work. Are you someone looking for maintenance free living? Look no further…just bring your towel and sunscreen.

Why buy a home in Largo Now?

Largo First Time Home Buyers if you’re renting now you really need to think about it! Right now the interest rates are low and there’s also a new a tax credit for First Time Home Buyer of $7500 (only available for a short time - call and we can explain how it works) for anyone who hasn’t bought a home in the last 3 years - this Largo villa for sale may allow you to own a home for less than it’s costing you to rent. Don’t you think you owe it to yourself to check it out.

With the price of gas today we all want to save gas and living Belle Oaks Villas will give you easy access to most things because this Largo home is close to several Largo golf courses as well as being near the beaches and is only 10-15 minutes from Indian Rocks Beach. Also it’s only 20 minutes from Tampa International Airport and 3 miles from the Clearwater / St Petersburg Airport.

Pets and Big Dogs can call this Belle Oak Villas Home

If you have pets, especially dog lovers, then this is a great find because owners say there are no pet restrictions - even if you’ve got big dogs…bring them! All pets welcome at Belle Oaks Villas - a deed restricted community.

Also if you are only using your villa for part of the year you are able to lease it - nice to have options.

If you would like to see this villa just call Jack or me at 727-710-8036.

 

 

 

 

This villa is move-in ready, no fixer upper here - neutral colors, update and just waiting for you. Cathedral ceiling, open floor plan and large windows onto ponds and patio make villa seem much larger.

 

 

 

 

 

 

 

 

 

 

 

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