A new custom nears completion in Naples, Florida - by Nova Homes of South Florida Don’t get too bummed about rising prices. Compared to historical housing costs, homes today are actually more affordable than they were in past decades. Why? Two words: mortgage rates. To take out a mortgage loan in the 1980s, you’d likely pay up to 16 percent in interest—compare that with today’s mortgage rates of around 4.5 percent. For a $200,000 loan, at 4.5 percent interest, you’d pay $1,01

New Golf Course Home Under Construction by Nova Homes of South Florida Long-term mortgage rates fell this week for a third straight week, approaching their low points for the year. Mortgage buyer Freddie Mac said Thursday, April 6, the rate on 30-year fixed-rate home loans declined to 4.10 percent from 4.14 percent last week. That brought the benchmark rate close to its 2017 low of 4.09 percent reached on January 19. The 30-year rate stood at 3.59 percent a year ago and avera

New custom home under construction by Nova Homes of South Florida, Naples, Florida It's an excellent time to be buying a home or refinancing one -- current mortgage rates are still low and U.S. lenders are making it easier to get mortgage-approved. Between October-December 2016, for the eleventh straight quarter, a greater number of mortgage lenders reduced their loan approval standards than those which increased them. It points to why more mortgage loans are being approved t

New home under construction by Nova Homes of South Florida - Collier County (Naples) Collier County ranked No. 6 on a national list of the "Best Places to Get a Mortgage." SmartAsset, a New York financial technology firm, did the study and rankings, based on four factors: • overall borrowing costs; • ease of securing a mortgage; • cheap property taxes; • low annual mortgage payments. It was the third year for the study. "This is the first time Collier County has made the nati