Naples Real Estate News 07/11/08
NAPLES HOUSING MARKET
The Naples home sales statistics don’t tell the whole story. In some areas, neighborhoods have not been hurt much by the housing slowdown, such as those close to business areas or good schools, while other neighborhoods have taken a greater hit. The same is true of the Bonita Springs and Estero areas.
MORTGAGE RATES
Rates on 30-year mortgages edged up this week to 6.37 percent, while rates on other home loans were a mixed bag.
MORTGAGE MARKET
Beset by widespread speculation about their losses, mortgage giants Fannie Mae and Freddie Mac have seen their stock drop amid talk that the federal government could take over their operations. The two entities back half of all U.S. mortgages.
CREDIT SCORES
Americans can save billions of dollars annually on credit card and other interest payments by raising their credit scores, but many consumers still don’t know enough about their credit risk, according to a study released yesterday.
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