key solutions news and events

30-Year Fixed Mortgage Rate Continues to Rise
Posted by Brian Tresidder on Friday, July 17, 2020 at 3:49 AM By Brian Tresidder / July 17, 2020 Comment

Sarasota Interest Rates

This week mortgage rates rose again. For homeowners looking for a 30 year fixed rate they can expect a 3.39 rate. This is up from a week ago. It seems that rates seem to be staying right between 3.19 and 3.39 percent. This information is being quoted by the Zillow Mortgage Marketplace.

The reason for the slight rise in rates may be linked to the fact that the Federal Open Market Committee announced a job report that was stronger than was expected. So while rates seem to fluctuate back and forth, for the most part, they remain steady and are expected to stay in this pattern in the near future. Bright information concerning the job market is not expected. This continues to be good news for the new homeowner.

And for those looking for a shorter...

Sarasota Real Estate Market Stable
Posted by Brian Tresidder on Friday, July 17, 2020 at 3:44 AM By Brian Tresidder / July 17, 2020 Comment

Sarasota real estate home sales

Continuing a three-year spring trend, Sarasota County saw more than 1,000 property sales during March, 2014. Evidence of a rebounding Sarasota housing market included sales of distressed properties at levels significantly lower than those seen four years prior. Wild price swings have also been largely absent among single-family home and condo sales over the previous 12 months, further indication of market stability.

There were 1,050 home sales recorded in March, up from 787 in February, but slightly below last March’s figure of 1057. Of this figure, 698 were single-family homes and 352 were condo sales. By comparison, monthly sales of similar properties have lingered around the mid-300s for the low end of the last decade....