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2017 Welcome to your new home in Daytona Beach

It’s January and there are a lot of great homes coming on the market!

Interest rates are expected to rise several times this year making the first quarter a great time to  buy! Home prices have been slowly rising in the central part of Florida, on average home values rose 12.5% over the last 12 months.

Below are some of the listings in our office but dont let that limit what you see you can also search all of the homes in the area by clicking here: SEARCH FOR FLORIDA HOMES AND CONDOS.  FHA loans have some great new savings you can see more information on them below the listings.

If you have any questions or would like to see any properties give  James Jestes a call  386 315 4744


Some great new on Mortgages

HUD announced yesterday that the monthly mortgage insurance premium for FHA has decreased effective with all closings on or after January 27, 2017.

For 30 year fixed mortgages, the monthly premiums are dropping by 25 basis points, from .85% to .60%.  This can equal big savings over the life of the loan, for example:  On a $200,000 loan amount, this equates to a monthly savings of approximately $50 per month.  This also increases purchasing power!

To read the entire HUD announcement, please click on the following link:

Remember, Our lender can offer Mortgages for FHA loans down to a 580 credit score when most banks require a 620 or 640 score!   Call James Jestes today to be put in touch with a lender that can help you purchase your new home!



I look forward to hearing from you!

Your Florida Real Estate Agent

James Jestes


Beachside Studio condo for sale $48,000

Beachside Studio condo for sale $48,000  Just REDUCED $46,000
Don’t miss out on this great opportunity. Recently renovated steps from the ocean. View this live video of the property.

For more information on this studio condotel please visit:
Daytona Inn Condotel for sale

I also have another unit in this building for sale
Daytona Beach 1 bedroom condotel for sale

Call James 386 315 4744 for more information or to see these or any other homes and condos in the area!

Average rate on 30-year mortgage falls to 3.81%


WASHINGTON (AP) – Jan. 21, 2016 – Average long-term U.S. mortgage rates fell this week for a third straight week as global stock markets continued to be pounded by falling oil prices and worries over economic growth.

Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage declined to 3.81 percent from 3.92 percent a week earlier. That was its lowest level in three months. The rate has increased from its 3.63 percent average a year ago but remains well below its historic average of 6 percent.

The average rate on 15-year fixed-rate mortgages dipped to 3.10 percent from 3.19 percent.

On Wall Street Wednesday, stocks tumbled as the price of oil suffered its worst one-day drop since September. The Dow Jones industrial average dropped more than 500 points during the day. The market clawed back much of the decline but still ended sharply lower with a loss of 249.28 points, or 1.6 percent.


These are the newest homes on the market!

The continuing tumult in stock markets around the world has pushed up prices of U.S. government bonds as investors seek safety. That has depressed the yields on the bonds, which mortgage rates track.

The yield on the 10-year Treasury bond dropped to 1.98 percent Wednesday – its lowest level since October – from 2.09 percent a week earlier. The yield slipped further to 1.97 percent Thursday morning.

The benchmark yield has fallen sharply since the start of the year amid the stock market turbulence. At the end of 2015, it stood at 2.30 percent.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country at the beginning of each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for a 30-year mortgage was unchanged from last week at 0.6 point. The fee for a 15-year loan remained at 0.5 point.

The average rate on five-year adjustable-rate mortgages dipped to 2.91 percent from 3.01 percent; the fee rose to 0.5 point from 0.4 point.


Escape the cold, buy your retirement home on the beach in central Florida.

Move to Florida and escape the cold of the polar vortexWith winter fast approaching the cold is chilling down the entire North American continent, If you live in the northern states there is a pretty good chance you have already had to shovel some of the Polar Vortex snow that’s been dropping all over the country at record levels.

Its time to start looking for your new retirement home and the Daytona Beach area ( Flagler Beach )  is rated as one of the top 7 places to retire in the country.  Lets make it number 1 as it still gets all the seasons of the year without the extremes.  You still have to wear a jacket a few days of the year and you will want to put on light cardigan in the evenings of fall but you will not be pulling out the snow shovel and scraping your car in the morning just to get beyond your driveway.

Lets forget all that is cold and look at all the great homes that are available here in Central Florida. Below you will find a few featured homes for sale as well as links to look at what else is available on the market.

101 Granada St, olly Hill, FL 32117Must see completely updated $160,000 2 bedroom 2 bath with parking for your boat!  101 Granada St

Half a block from the river with million dollar reviews. Everything has been updated 2 bedroom 2 bath home one house from the river Circular driveway for guest parking. Wood burning fireplace, new carpet and tile, new roof and central air system. Kitchen has new cabinets, granite countertops and stainless appliances. Inside laundry, side entry 2 car garage (coated floor) plus boat parking area. All freshly painted and ready to move into!

119 Harrison Rd, Daytona Beach, FLWalk and Live at the Beach in this beautiful Daytona Beach 3 bedrom with small apartment $174,412

Charming 3 bedroom (3rd bedroom has no closet so could be den or office) Cape Cod home a stones throw from the beach! From the circular drive to the flagstone front patio and rounded stair entrance you will instantly know you found that place to call “home”! Warm wood floors! Kitchen open to dining area! Family room/ game room for that little getaway spot in the house! 2 rooms (1 bed & 1 den) and 1 bath downstairs! Upstairs is home to a large private master retreat! Inside mud room/laundry room! Relaxing back deck! Large yard for the gardner in the family! Front yard zero-scaped! Outside shower for those returning from a day at the beach! Central a/c system 4 to 5 years “young”! Roof (architectural shingles) 2006 (both house and apartment)! Detached two car garage with a “Norm Abram” rolling door influence! Garage in use mainly as a workshop! Two car covered carport! 440 sq ft “cute as pie” separate apartment above garage (included in living sq footage) 10 x 5 updated kitchen! 10×19 living room and 11×8 separate bedroom and bath! Attached private deck area to enjoy the ocean breezes! Has separate electric and gas meters! House and apartment share water meter! Apartment has been rented at $650 a month (presently vacant)! Wow… the apartment can pay a big chunk of your mortgage!

177 Perfect Dr, Daytona Beach, FL 3 Bedroom 2 Bath on premium Conservation Lot $169,900

Dr horton’s birch model on premium conservation lot with no neighbors ever built in front or behind. This three bedroom two bath home features extensive use of tile, spacious family room, eat in kitchen graced with granite counter tops& hardwood cabinets, breakfast bar and casual dining area, formal dining room. All of this overlooking a professionally landscaped yard. There are two associations: master association is $80.00 annually and neighborhood association is $290.00 per quarter. The owner is licensed real-estate broker.

There are many more great homes available here in the Daytona Beach area, Find out what is available by visiting the Daytona Beach Property Search Homes for sale page or start a search for homes, condos, or land available in the local Daytona area.