Cape Coral Florida's Real Estate Guide

    Stunning Gulf Access 2003 built home.  4 bedrooms, 2 baths pool home.  This home offers owner financing! 

 Please call Vickie Townes for more details...  239-671-3300

This week, 33% of the industry experts polled by Bankrate.com believe mortgage rates will rise over the next week or so; 11% think they'll fall; and 56% believe rates will remain relatively unchanged.

McLEAN, Va. - July 9, 2010 - U.S. mortgage rates fell for the second straight week to the lowest level in five decades, as a refinancing boomlet took hold.

Mortgage company Freddie Mac reports that the 30-year fixed-rate mortgage (FRM) average 4.57 percent, down from last week when it averaged 4.58 percent. That's the lowest level since Freddie Mac began tracking rates in 1971.

Last year at this time, the 30-year FRM averaged 5.20 percent.

"With mortgage rates falling to historic lows, refinance activity has been strong over the past three months," said Frank Nothaft, Freddie Mac vice president and chief economist. "The Bureau of Economic Analysis reported that the effective mortgage rate of all loans outstanding was just below 6 percent in the first quarter of 2010, the lowest since the series began in 1977. Since the start of the second quarter, two out of three mortgage applications on average were for refinancing, according the Mortgage Bankers Association.

The 15-year FRM this week averaged 4.07 percent, up from last week when it averaged 4.04 percent. That was the lowest on records dating to September 1991. A year ago at this time, the 15-year FRM averaged 4.69 percent.

Average rates on one-year adjustable-rate mortgages fell to 3.75 percent from 3.80 percent.

The rates do not include add-on fees known as points. One point is equal to 1 percent of the total loan amount. The nationwide fee for all types of loans in Freddie Mac's survey averaged 0.7 a point.

© Florida Realtors

 FOR SALE - $269,995 for 3 Units FOR LEASE - $2,OOO/Month + Utilities Commercial/Industrial Commercial Condominiums

70 Raton Drive, Milford,CT

                           BUILDING SIZE: 2,520 SF - Three units of 840 SF - ~ H vIII; f-..s 1-95, Exit 35. Right on Bic Drive to Caswell St., right on LOCATION: Shelland Street to Raton Drive 1988 YEAR BUILT: $100 per unit per month CONDO FEES Central in-wall unit provides gas, heat & air-conditioning HVAC: COMMENTS Excellent space for storage, warehousing & light assembly

For Sale or Trade . Flyers and detailed report on propery available upon request.

Call Vickie Townes 239-671-3300

Listed by, John F. Bergin Senior Vice President George J. Smtih & Son Commercial Realtors

                            27 Se 20th Place.... JUST REDUCED~ 

Completely remodeled on fresh water canal. 3 bedrooms 2 new bathrooms. New kitchen w/ new appliances. New tile, carpet and windows. 6 panel doors throughout. New garage door. Freshly painted inside & out. Sold as is with right to inspect. Great central location. Fifteen minutes to downtown Ft Myers. Fish & boat from your own back yard. ALL city assessments in and paid.  Mls # 201021853  Only $ 107,500.00

Call Vickie Townes for more details! 239-671-3300