When it comes to the Daytona Beach mortgage market, these days the choices can be a little confusing. Mortgages typically fall into one of three categories: fixed rate, adjustable rate (or ARM) or hybrids (a combination of features of both fixed rate and adjustable rate offerings.) No matter which type you choose, it’s best to […]

In many ways, the Daytona Beach real estate market is still paying for the sins of lax lending practices in the last housing boom. It's been five years since the Dodd-Frank financial reform bill was enacted, putting into motion new credit extension and lending rules for mortgage lenders. What it Means for Daytona Beach Real Estate […]

A Daytona Beach mortgage is probably the single largest monthly obligation you'll ever have if you own a home here. Everybody likes saving money, whether they live in Daytona Beach or another American city! And whenever you're able to save money it's especially satisfying. There are, among potential others, at least a half-dozen ways you […]

Trying to figure out how much Daytona Beach home you can buy with your income can be tricky, even though there are calculators everywhere that are supposed to enable you to figure out exactly how much you can afford. Certain variables not taken into consideration by a calculator can cause your individual figure to differ […]

The number of delinquent Daytona Beach mortgages continues to fall, but the foreclosure crisis is still taking its toll on thousands of borrowers locally, and hundreds of thousands nationwide. Nationally, of the approximately 952,000 borrowers who are 90 or more days past due on their monthly payments but not yet in foreclosure, 62 percent have […]

95 percent of Daytona Beach homebuyers know that credit scores play a significant role when purchasing a home, and those who know their credit scores feel better prepared to buy. This recent data comes from a survey from Experian Consumer Services. In addition, 45 percent of future Daytona Beach homebuyers say they have delayed buying […]

There are some expensive Daytona Beach mortgage mistakes you need to avoid at all costs. Scoring the best deal on a mortgage or refinancing involves shopping around. Yet 77 percent of borrowers applied for a loan with a single lender instead of checking out several to compare costs. A recent study by the Consumer Financial […]

Average Daytona Beach mortgage rates followed 10-year Treasury yields higher and rose for the third consecutive week last week. At 3.85%, the average 30-year fixed-rate Daytona Beach mortgage rate is just below the high for 2015. The 15-year fixed Daytona Beach mortgage rates averaged 3.07% with an average 0.6 point last week, up from the […]

If you're looking to buy Daytona Beach real estate in the next year, you might want to do so before higher interest rates make financing such big-ticket purchases a lot more expensive. The Federal Reserve, which controls the supply of U.S. dollars and short-term interest rates, has indicated that it could start raising rates as […]

The Federal Housing Administration (FHA) is exploring alternative credit scoring models for those seeking Daytona Beach mortgages. The alternative credit scoring models could expand access to mortgage credit for responsible borrowers who may have thin credit histories or extenuating circumstance like medical debt. Many Unable to Obtain Daytona Beach Mortgages Due to restrictive lending many […]