Gulf Breeze, FL

Average rate on 30-year FRM down to 3.90% will help Pensacola and Gulf Breeze buyers and sellers

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year home loan fell to 3.90 percent from 3.95 percent the previous week. That’s slightly above the 3.87 percent average rate hit two weeks ago, which was the lowest since long-term mortgages began in the 1950s.

Rates declined again to almost - but not quite - record lows. Experts expect little change over the short term. Read more.

Business Of The Week

Miller's Ale House

Location: Pensacola 5906 North Davis Highway Pensacola, FL 32503 (850) 505-2670

http://www.millersalehouse.com
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Special Offer for Locals Card Holders

10% off or $5 off $25 purchase when you show your Locals Cards

Valid: 1/20/12 - 6/20/12Not valid with any other discounts.

Known for: Zingers, Drink Specials, Fast Freindly Service Lunch Club Cards, VIP Cards

Miller's Pensacola Ale House is a 'reel' great place to catch a good time!

Newest version of HARP may have legs or just another broken promise.

Changes to extend HARP’s reach were announced in October, and lenders launched their revamped programs in recent months. To be eligible, HARP applicants must have loans owned or guaranteed by Freddie Mac or Fannie Mae, have less than 20 percent equity and be current on payments.

Earlier versions failed to help many homeowners, but some banks are now adding staff to keep up with demand. Read more.

Business Of The Week

Sharky's Bar & Bites 7100 N. Davis Hwy Pensacola, FL 32504 (850) 476-1099

Buffet: Real estate better than stocks Really?

Buffett forecasts an increase in household formations, as more people who moved in with their parents or family members during the recession look to move out and get their own home soon. Buffett said that’s because he believes purchasing a home with ultra-low mortgage rates and holding it for the long-term has become a better investment than stocks right now.


Billionaire sees real estate as today's best investment; would buy "a couple hundred thousand' single-family homes. Read more.

Business Of The Week

Hemingway's Island Grill

Location: Pensacola Beach 400 Quietwater Beach Road #16 Pensacola Beach, FL 32561 (850) 934-4747

http://www.hemingwaysislandgrill.com
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Hours: Mon- Sat 11am to Midnight, Sunday 10:30am to 11pm

Known for: Experience a taste of the Island!

Relax in our casual tropic cafes and experience a taste of the island.

Renters may be losing their leverage in Pace and Gulf Breeze Florida

“With high demand in the marketplace, landlords were not likely to negotiate with potential renters, and needed to do little to attract clientele to their available apartments,” said Citi Habitats President Gary Malin.

While the country’s single-family home construction is still recovering from the depths of the downturn, this year is expected to be an important milestone in the tide of new multifamily home construction occurring in many cities. MPF Research estimates 125,000 apartment units will be completed by year’s end, an 89 percent gain from 2011. As demand outpaces space, tenants say goodbye to move-in incentives as they watch rents edge higher. Read more.

Business Of The Week

Miguels Mexican Restaurant

Category: Restaurants - American

Location: Pensacola 3230 Michigan Ave Pensacola, FL 32526 850-944-4778

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Special Offer for Locals Card Holders

10% off total bill

Valid: 4/1/11 - 3/31/12Not valid with any other discounts.

Q&A on latest mortgage-aid plan that could effect Pensacola and Gulf Breeze Florida.

The Obama administration is offering some relief to homeowners who have government-backed mortgages. Under a program President Barack Obama unveiled Tuesday, the government would cut the fees it charges to insure those borrowers. President Obama's proposal makes it easier and more lucrative for homeowners to refinance an FHA loan. Read more.

Business Of The Week

Location: Pensacola
1101 Scenic Hwy
Pensacola, FL 32503
(850) 432-0539

Special Offer for Locals Card Holders

Buy 2 Entrees get a free appetizer (excludes early bird specials)

Valid: 2/1/12 - 4/27/12Not valid with any other discounts