Average rate on 30-year mortgage falls to 3.81%

WITH MORTGAGE RATES DROPPING YOU CAN AFFORD A NEW HOME AT THE BEACH

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.

BANK OWNED HOMES FOR SALE DAYTONA BEACH

These are the newest homes on the market!
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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.

BEACHFRONT CONDOS FOR SALE

Rentals Available Daytona Beach 1/25/2016

It’s Almost February and you need a place to rent?  Check out the listings below for all rentals available in the Daytona Beach area. These listings include Daytona Beach, Port Orange, Ormond Beach, Ormond By The Sea, Edgewater, Ponce Inlet, Palm Coast and other surrounding areas!  If you are looking for a rental in the near future and would like help finding a home or condo please call me James Jestes at 386 315 4744, I will help you find the property your looking for!

CLICK HERE FOR A COMPLETE LIST OF RENTALS AVAILABLE IN THE DAYTONA BEACH AREA

Are you a veteran?  Last year I helped 5 veterans that were looking for rentals; buy their own homes with their VA benefits for less money upfront then a rental was going to cost them to move in.  If you would like to find out how I did this please contact me right away! 386 315 4744.  I can show you how you can be an owner instead of a renter!

FEATURED DAYTONA BEACH AREA RENTALS

 

REDUCED: $1650 per month 2 bedroom, 2 bathroom with ocean and river views

oceanfront condo for rentFantastic view of ocean and Halifax river from 17th floor. This condo is being rented furnished 22’x 06′ balcony to the world. Great ocean breezes and plenty of fresh air. Large kitchen. Split bedrooms. Extra storage room. Underground secured parking. Beautiful social room. Exercise room. Large sundeck with pool. Step down to the beach. Across the street from supermarket, bank, drug stores, fire/police dept., and community center. Short walk to great restaurants. Also a 9 hole golf course and tennis courts are only steps away from your front door. This condo unit has it all. WATCH THE VIDEO WALK THROUGH HERE

See more information about Oceanfront condo rental.

$900 per month 2 bedroom, 2 bathrooms, fenced yard and gated carport

2 Bedroom home on a quite street with large back yard. This home has hardwood and tile throughout. Screened in porch and covered parking area Very short drive to the beach and shopping.

See more information about this rental 10 minutes from the ocean.

CLICK HERE FOR A COMPLETE LIST OF RENTALS AVAILABLE IN THE DAYTONA BEACH AREA

 

Ormond Beach Homes For Sale January 11 2016

Ormond Beach has many great homes that are affordable and ready to move in. When people are looking to move to Florida they want a great community with lots to do. Ormond beach is perfect for the hard working family or even the ready to retire folks. There is a home for everyone here. Lots of parks and beaches, great places to shop and eat! Your always going to find great things to do when living in Ormond Beach. Many of my customers move here from the hectic and expensive life of the big cities up north. They come here and find the people friendly, the cost of living is much more affordable and the quality of life is outstanding. Check out the homes below and be sure to check our complete list of homes and condos in the Ormond Beach area MLS.

Homes  for sale in Ormond Beach

 

107 SHADY BRANCH Trail ormond beach real estate$394,900 will buy you this 4 bedroom 3 bathroom Castle in the  Trails

It’s a rare opportunity to own one of McCarthy’s Castle homes in the sought after TRAILS location. In the heart of Ormond Beach, this unique home is situated on a very private, treed lot backing to Misner’s Branch. Fabulous screened pool area featuring covered porch area off the kitchen and is perfect for outdoor entertaining and enjoying the Florida Lifestyle. Updated kitchen has granite counters, center island, double ovens, under counter lighting and large eat in area. Formal dining with wainscoting is adjacent to kitchen and large enough to accommodate over-sized dining furniture. Formal living room w/floor to ceiling windows and private office location. Family room focal point is a coquina wood burning fireplace and cedar paneling. Second floor offers private bedrooms with an abundance of closet space, Full bath is shared by secondary bedrooms. Master suite has many windows & multiple closets and updated bathroom with granite counters.

Note some of the unique features this home offers, turret feature in the Castle architecture, brick accented wall w/stained glass inserts, cedar paneling, and large room sizes. Exterior features include -side entry 2+car garage, large concrete parking area & private driveway, landscaping, citrus trees, walking bridge to front door w/covered entry. Pool was recently resurfaced. Walk to upscale shopping, medical facilities, parks, tennis, gym and places of worship. Click here to see more information on this home in the Trails of Ormond Beach

 

33 SILK OAKS Drive Ormond Beach Real Estate$265,000 4 Bedroom, 3 Bathrooms and at the Ocean in Ormond By The Sea

Looking for a large family home in Ormond By The Sea? Beautiful turn-key tri-level located on highly coveted silk oaks drive with direct deeded beach access and gated community pier on the river! This home has just freshly painted. New windows and newer roof. Brand new electric update done has been completed.

Sitting high on a dune with great views! This home offers wood flooring, a large kitchen and a very spacious floor plan with 3 large bedrooms upstairs, 2 full baths and a laundry room. There is a Large family game room with an additional oversized bedroom on the 1st floor that has its own full bath. The Garage is oversized and ready to hold all your vehicles and beach toys. The Garage boasts lots of storage and an additional laundry hook up. This home is a must see click here for more details

$239,900 3 Bedrooms, 2 Bath on Prestigious John Anderson Drive1482 JOHN ANDERSON Drive ormond beach real estate

Beautifully remodeled home in impeccable condition on prestigious John Anderson Drive. This immaculate home features a bright, open floor plan with generous rooms on an over sized lot that backs up to quiet River Lane and is just a stone’s throw from a quiet beach and the Atlantic Ocean. Great curb appeal with a circular drive and lush tropical landscape. Step inside and immediately take note of the pride of ownership here. The room count includes: 2 bedrooms, 2 full baths, Family Room, Living Room, Formal Dining Room and indoor laundry. The new kitchen features custom cabinetry, granite tops, high end appliance package and a pass through to the large family room.

This very generous family room opens directly to the expansive screened lanai that serves as an outdoor living space with river breezes. Great opportunity for somebody looking for a turn-key property that is ready to be enjoyed. This is a must see!

4 NAVAJO Trail Ormond Beach Real estate$350,000 4 Bedroom 4.5 Bath Colonial Home in Ormond Beach

When Northerners search for a home in the in Florida, they say everyone starts out with the same ideal, beachy and block; but then they stumble upon the Trails neighborhood and fall in love with it’s utter charm, character and circa 1979 Colonials scattered throughout. Showing off the kind of timeless beauty that only Colonials can deliver, even the native Floridians are attracted.

You will instantly feel right at home here nestled in the heart of Ormond Beach with it’s delightful style and quiet, orbicular neighborhoods. This property set back from the road and at some distance from the neighbors, has historical looking brick pathways leading to an inviting wrap around front porch. You are welcomed by warm wood floors and freshly painted walls.

The sun filled living room has a New England style brick fireplace to snuggle up in front of and another fireplace in the upstairs master. The storybook staircase leads to all of the bedrooms with spacious walk-in closets and nicely updated bathrooms. Downstairs the beautifully remodeled kitchen is the center of the home with a cozy bay window overlooking the pavered pool and park like backyard. Partially fenced, but extremely private. Plenty of driveway area and space for gardening or playgrounds. This one is too good to last and there is too much to tell you about so if you are in Love with Yesteryear without the lofty upkeep cost, we welcome a visit from you.

View All Real Estate available in Ormond Beach Here

 

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4 Great Owner Financed Homes For Sale Ormond Beach

Ormond Beach has lots of great properties available that are available and being sold as a lease purchase or owner financing. If you’re having trouble getting a traditional mortgage but have a good down payment you can still purchase a home without as many hoops to jump through. Find your home and move in quickly with an owner financed or lease purchase home. Check out the homes below and be sure to check our complete list of every owner-financed home listed in the Ormond Beach area MLS.

Owner Financed Homes In Ormond Beach No Bank Required

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View all lease purchase and owner financed homes for sale on the coast in central Florida.

Astor Florida St Johns Canal 4 Bedrooms home with 2 boat lifts.

THIS HOME HAS SOLD

Cute cottage on a St. Johns river canal. You’ll be in awe of this home’s picturesque setting on peaceful waterfront property. Featuring a covered boat house, 2 boat lifts, and private dock with gas grill. The cottage at the dock has a full kitchen, bathroom, bedroom, sun room, and deck as well as a washer and dryer. The second building on the property is a large double wide mobile home with 3 bedrooms, large open fully equipped kitchen, living room, dining room, 2 full bath, laundry room, and large screened porch. Close to Lake George, natural springs, Daytona, and Orlando. Dimensions listed are for both the cottage and mobile home.

4 Owner Financed Homes On or Near The Beach

Daytona Beach has lots of great properties available that are available and being sold as a lease purchase or owner financed. If you’re having trouble getting a traditional mortgage but you have a good down payment you can still purchase a home without as many hoops to jump through. Find your home and move in quickly with an owner financed or lease-purchase home. Check out the homes below and be sure to check our complete list of every owner financed home listed in the Daytona Beach area MLS.

Owner Financed Homes No Bank Required

 

26 Old Oak Dr S Owner FinancedSOLD $664,900 Owner financed 4 bedroom 3 bath 3 car garage Palm Coast

Sailboat Country, 4 Bedroom, 3 Bath, 3 car garage. One of the best floor plans. Screened Pool with heated spa. Located on salt water canal in the picturesque island of The Sanctuary Gated Community. Summer Kitchen with gas grill. Gas fireplace in family room. 1.5 minutes by boat, you will be in the Intracoastal Waterway. 2/2 split plan. Separate living room. Upscale kitchen cabinets with granite counter tops, double oven, wine cooler, side by side refrigerator, microwave, stainless steel appliances. Owners suite includes 2 separate large walk-in closets, soaking tub plus separate shower, double lavs. Bedroom French doors open up onto Lanai. Oversize home site. Ideal home for entertaining, inside or out. Owner will consider financing.

74 Spinnaker Cir, South Daytona Beach, FL. 3 bedroom 2 BathroomSOLD $174,000 3 bedroom, 2 bathroom in South Daytona Beach

Pride of ownership shows in this well maintained concrete block home, great room, split plan, volume ceiling, sliders lead to the patio and backyard. Inside utility room, eat in kitchen, large master bedroom suite, large closets.Privacy fenced across the back of the house. Home owners association maintains common area and front entrance. Quiet neighborhood with sidewalks for evening strolls. Owner may consider a lease purchase also. Can close quick.

 

 

630 Riverside Dr N owner financed 3 bed 2 bath 4500 square feetSOLD $789,000 Owner financed Spanish Riverfront estate

Desirable historic location, Spanish Traditional Riverfront Estate complete with Courtyards, Fountains, Ponds, Outbuildings, multiple Boat Docks and a Boat Lift. Very large block-depth lot with a rear service drive. Lush landscaping w/diverse tropical foliage, multi-level patios and a Private Courtyard with Spanish Tile flooring. Close to town, shopping & ocean. Well maintained and updated over the years with an open checkbook. In true Mediterranean fashion, the Private Walled Courtyard is complete with a gated driveway, tiled walkways, ponds, fountains, lush trees and plants, two Separate Buildings with multiple uses, from Shop to storage, offices or Hobby facility. Palatial Master Suite floor includes Fireplace, Wet Bar, Home Office, Walk-in Closets. Multiple balconies commanding views of the private courtyard, property grounds and river. Living and dining Room with views of the expansive grounds and waterway. Gas fireplace. Family room w/wet bar and outside rear patio is wired for surround sound and plumbed for a gas grill. Open Kitchen w/center island, Corian countertops, tiled floors, stainless steel appliances. Dining room w/views of the river. Circular staircase down to Wine Cellar and tasting room. Private Boat Docking Facilities include a Boat Lift, Multiple docks, BBQ Decks and floating dock for water sports. More: Sprinklers, Electric Storm Shutters, plenty of space for the RV, Boats, cars. Recently foreclosed, substantial opportunity to a savvy buyer.

340 Sitka Ct 3 bedroom 2 bath lease purchaseSOLD $295,000 Lease purchase home no expense spared

Country living meets city lifestyle in this 2005 Belmont Builders custom home. NO expense has been spared to create the ultimate lifestyle and retreat! Enter through electric aluminum front gates to an open, flowing floor plan that provides flexible space, cherry flooring, sizable bedrooms, additional Florida room and a kitchen with granite and stainless appliances. Experience outdoor living at its finest with a clubhouse-styled summer kitchen created with tongue and groove cedar 4×12 beams, stainless screws and lag bolts. Beyond the structure lies an amazing bar and kitchen fully accented in stone, under lighting and concrete counter tops with enough space to accommodate a large gathering. The expansive paver patio leads to a built in fire pit, all surrounded by lush foliage, luxury canary and Sylvester palms, and vistas of the pond with koi fish and fountain. A new shed with garage bay sit on the far end of the property. Property is fully irrigated with 6 zone sprinkler, has gutters around EVERY structure. Move in ready and can close quickly!

View all lease purchase and owner financed homes for sale on the coast in central Florida.

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.

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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