Jacksonville Real Estate Market

Jacksonville, Florida

Have Refis Run Out?

The average rate on the 30-year fixed mortgage is up about a half a percentage point since the middle of February, when they hit a record low. Mortgage refinances, however, dropped 24 percent in the same period of time. That’s a huge reaction to a smal…

Refinancing Drop an Ill Wind for Housing Recovery

Does anyone remember when the rate on the 30-year fixed mortgage was up around 8 percent? I do. Perhaps that’s why it continues to stun me that a tiny shift in our now ultra low rates can have a huge effect on consumer activity, namely refinancing.

What’s Behind New Home Sales Surge?

From the last week in November, into December, the rate on the 30 year fixed mortgage surged more than half a percentage point, briefly touching 5 percent. That clearly had the effect of pushing some fence-sitters to the buy side, worried that rates mi…


This web site is dedicated to providing valuable information related to the Jacksonville, Florida real estate market and the real esate industry as it impacts the buying, selling, and renting of homes and condos.

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