Mortgage Rates Go Down for the Second Consecutive Week

Decorative wall
Decorative wall

Freddie Mac just released it’s weekly Primary Mortgage Market Survey. It shows U.S weekly average mortgage rates as of  June 7th, 2018.

Freddie Mac 6_7_2018. Primary Mortgage Market Survey. US weekly mortgage averages
Freddie Mac. Primary Mortgage Market Survey. US weekly mortgage averages as of 6/7/2018

This survey shows how U.S weekly average mortgage rates change during the week.

This week’s, June 7th, 2018, survey shows, that 30-year fixed rate mortage went down by 2 points since the last week’s survey.  Mortgage rates went down to 4.54 percent, since the last week survey when it was 4.56 percent.

The 30-year fixed rate mortgage increased by 65 points in a year. For the week of June 8th 2017, when rate average was 3.89%.

The 15-year fixed-rate mortgage went down by 5 points in one week. It is at 4.01 percent now, when last week was 4.06 percent.

The 15-year fixed rate mortgage for the year increased by 85 points. It was 3.16 percent on June 8th, 2017

 

Freddie Mac. US weekly average mortgage os af 6_7_2018
Freddie Mac. US weekly average mortgage as of 6/7/2018

Since April 1971, Freddie Mac has surveyed lenders across the U.S. weekly to determine the average 30-year fixed-rate mortgage rate

A Hurricane Season Plan

Parking lot is flooding during the heavy rain
Parking lot is flooding during the heavy rain

We are in a hurricane season right now. Please do not wait untill the hurricane is coming to the shore. There is plenty of time right now to make a hurricane evacuation plan. 

Refer to the Federal Emergency Management Agency’s (FEMA) Ready.gov/hurricanes for detailed information on hurricane preparedness at home and in your community.

It is one of the most important plans you need to make before a hurricane threatens the area. Questions you should be asking yourself now are :

Is your home in a storm surge zone?
Where will you go?
What will you take with you?

 

Here are very important things to to remember before hurricane threatens :

 

Self Sufficiency:

When making a plan, think about being self sufficient for at least three days after a hurricane hits your area.  Emergency crews and government agencies will likely be tending to the hardest hit areas, so you should not rely on their assistance immediately following a storm.

Organize your hurricane supply list

 

Evacuations:

Do you know if you live in an evacuation zone? If an evacuation order is given for the area where you live, where would you go? Do you have family members or friends outside of evacuation zone area, that you could go and stay during and after the storm?

 

Protect Your Property:

Do you know how to prepare your house and propety in case hurricane comes through the area? You need to have shutters for the windows, fortify garage door, prepare your boat, etc. Trim the trees before the hurricane season starts to avoid the property damage. Check the generator if it is working properly.

 

Emergency Contacts:

Make a decision who are going to be people to call in case of emergency. These emergency contacts should be inside and outside your general area. This way it helps to ensure that your friends and loved ones know status of you and your family during the hurricane emergency.

 

Shelters:

Hurricane evacuation shelters can not provide the comfortability relative’s home. Shelters can get full fast.

Going and staying at the hurricane evacuation shelter should be last consideration of where to spend time during and after the hurricane.

But just to be prepared, learn where the shelters are located in your area.

 

Special Medical Needs:

If you have a relative with special medical needs, please make appropriate arrangements for them. You also can register them for accommodation at a Special Medical Needs Shelter.

To get more information, call Broward County Emergency Management at 954.831.3902 TTY 954.831.3940.

 

Pets:

Please, make sure to have enough food and water for your pet and you keep them indoors with you during a hurricane.

If you deside to evacuate and would like to find out about placing pet in a pet-friendly shelter, please call the Humane Society of Broward County at 954.989.3977.

 

Mortgage Rates Go Down

Fence around the property in Hollywood, FL
Fence around the property in Hollywood, FL

Freddie Mac released another weekly Primary Mortgage Market Survey on May 31st,2018. It shows U.S weekly average mortgage rates for the week ending on May 31st,2018.

Mortagge rate dropped during the last week.

Freddie Mac 5_31_2018. US weekly average mortgage rates.
Freddie Mac 5/31/2018. US weekly average mortgage rates.

30-year fixed-rate mortgage dropped by 10 points since May 24th, 2018, when it was 4.66 percent, and current is at 4.56 percent.

15-year fixed-rate mortage dropped by 6 points since the last week’s May 4th, 2018 results of 4.16 percent. Now the 15-year fixed rate mortgage is at 4.06 percent.

Broward County, FL Real Estate Market Update: Homes for Sale – May 2018

Palm in front of the house in Davie, FL
Palm in front of the house in Davie, FL

It is the end of another month, May, so we can review the real estate market in Broward County, FL during this month.

Lets look at the info table I made using the information I got from MLS REALTORS® of the Palm Beaches and Greater Fort Lauderdale. Here is the current information about homes for sale in Broward County, Fl during the month of May 2018:

Market Update_Broward County, FL homes for sale-May 2018
Market Update: Broward County, FL homes for sale-May 2018

There are 4578 single family houses available for sale in Broward County, FL and 1267 new active listings during month of May.

Houses listed at the price of $251,000-$500,000 are selling the fastest, which is 39 days. This price range also has the biggest number of active single family homes- 2056, with new homes for sale 878.

The next very popular price range group is houses listed between $501,000-$750,000. There are 971 homes for sale in this price group, and 322 of those a new listings.

Median days on the market for the houses under a million dollars are about 65 days, and median  days on the market for the houses over a million is is around 140 days.

The data used to make the chart from the MLS REALTORS® of The Palm Beaches and Greater Fort Lauderdale, which has data that is deemed reliable but not guaranteed and has the most accurate and up-to-date information about local home sales.

If you want more information about local market, please look into Local Market Conditions and Home Prices category or Market Update category.

If you are looking for a house to buy or sell, please let me know. I would like to help!