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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
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Location: Pensacola 5906 North Davis Highway Pensacola, FL 32503 (850) 505-2670 |
http://www.millersalehouse.com
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| 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!
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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
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Sharky's Bar & Bites 7100 N. Davis Hwy
Pensacola, FL 32504 (850) 476-1099
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Monday-Sunday 11:00am till Close |
Join us at our family owned Sports Bar & Restaurant Sharky's Bar & Bites (Home of the Shark Attack) and the best wings and burgers in town... |
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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
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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.
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“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
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Location: Pensacola 3230 Michigan Ave Pensacola, FL 32526 850-944-4778 |
| 10% off total bill |
Valid: 4/1/11 - 3/31/12Not valid with any other discounts. |
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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
| Buy 2 Entrees get a free appetizer (excludes early bird specials) |
Valid: 2/1/12 - 4/27/12Not valid with any other discounts |
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