Mortgage rates are lower than last year.

Lower Rates = Larger Home!

• 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.8 point for the week ending November 11, 2010, down from last week when it averaged 4.24 percent. Last year at this time, the 30-year FRM averaged 4.91 percent.

• 15-year FRM this week averaged 3.57 percent with an average 0.8 point, down from last week when it averaged 3.63 percent. A year ago at this time, the 15-year FRM averaged 4.36 percent.

• 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.25 percent this week, with an average 0.7 point, down from last week when it averaged 3.39 percent. A year ago, the 5-year ARM averaged 4.29 percent.

• 1-year

Just when you thought that your home inspector is someone you can trust!

When we were building our first home, we hired a home inspector to check out the work in progress. We did this because we wanted peace of mind- surely this trained professional would be much better equipped to catch construction errors than we were. It was our first home being built from the ground up, and we wanted to feel comfortable knowing that nothing would go wrong at the final walk through. However, during our frequent visits to the construction site, we would find discrepancies that our home inspector had missed. Things that were missed were problems such as the double sliding door to the patio was installed upside down; there were even doors placed on the wrong side

Frank Nothaft, vice president and chief economist

4.4% increase in single family home production

"Meanwhile, the housing construction market is showing some signs of promise. New construction on one-family homes rose 4.4 percent in September to the strongest pace since May. In addition, homebuilder confidence rose in October to the strongest level since June, according to the NAHB/Wells Fargo Housing Market Index."

FHA Fills in the Details of new Refi Program for shortsales

Good News for Jacksonville, Florida Home sellers & buyers

Transcript -

Hey guys Howard here from Round Table Realty.

Just wanted to talk to you a little bit about some news that just came out today.

It looks like the FHA and HUD are rolling out some details in regards to the shortsale refinancing program that is coming out later on in September of this year.

It looks like, as long as the banks play ball, whats going to happen is the banks are going to be willing to write off about 10% of the principal of the first mortgage and then the FHA is going to provide some incentives for second lien holders to play ball as well.

This could be a really good way to keep some

Strategic Defaults Can be Quite Misleading

and follow you for longer than you've been led to believe

Just today, there is an article on one of the local news stations website's, that briefly touches on the idea behind a Strategic Default on a home. Throughout the short story, the writer urges those considering a strategic default to seek advice and gives some names and comments from those that can help. We at Round Table Realty and myself, as a Certified Distressed Property Expert (CDPE), couldn't agree more.

http://www.firstcoastnews.com/news/local/news-article.aspx?storyid=158150

Fannie Mae, which backs over 50% of the mortgages on the US, has begun the process of cracking down on those that choose to 'walk away' from their homes.

Round Table Realty Ready to Launch!

As soon as some final issues get resolved we should be able to launch the era of the Round Table. Finally, after years of working for the corporation, we can now cut out the 'guides', remove the 'system', and simply give customers what they want, expect, and deserve. No longer will we have to "say 'no' first" before the 'man' will do what should be done. We can do what should be done from the start. The Round Table is refreshing, innovative, unique, energized, multifaceted, team-oriented, customer centric, and fun! The Round Table is not just the place you want to work with, it could very well be the team you want to join. There is nothing better than waking up, wanting to go to work, and enjoying what you do.

Very excited to have a newsletter that is engaging, digital, and unique...like the Round Table we intend to stand out and thus be able to better serve you.