Home Prices Continue to Rise and Mortgage Interest Rates are Projected to Increase

Fort Walton Beach, FL -- (SBWIRE) -- 12/02/2013 -- Fort Walton home sales continue to rise, according to Builder Online, with new home closings increasing by 17.2 percent over the same time period for the previous year. In August, 228 new homes were sold, as compared to 222 for the previous year, with both new and existing homes going for an average price of $260,651. "Those interested in buying a home in the near future need to contact Supreme Lending Fort Walton Beach immediately as the rise in home sales and home prices is expected to continue into 2014," Sheryl Douglas of Supreme Lending declares.

During the residential forum held at the 2013 REALTORS Conference and Expo, Lawrence Yun, the National Association of Realtors' chief economist, agreed with Ms. Douglas' assessment, stating home buyers can expect to see healthy gains continue into 2014. Prices for existing homes show an increase of 18 percent over the previous two years while sales show a 20 percent cumulative increase. "Consumers must be concerned about limited inventory conditions as well as stringent lending conditions, yet there are some positive signs seen in the market. Experts expect refinancings to collapse in the coming year, which should lead to lenders relaxing mortgage origination standards," Douglas explains.

Consumers looking to buy a home need the advice of Fort Walton mortgage professionals to ensure they get the best rate and terms. In addition, a professional works to help buyers determine if they should purchase an existing home or buy brand new. "The underlying demand for housing is expected to reach approximately 1.5 million with housing starts forecasted to hit only 1.13 million in 2014 which also affects housing prices, yet these are not the only things potential home buyers need to be concerned about," Douglas continues.

Yun predicts inflation could reach four to six percent in 2015, leading to higher mortgage rates, and he believes mortgage interest rates could be as high as 5.4 by the end of 2014. "Anyone looking to buy a home needs to closely monitor mortgage rates in Fort Walton Beach to see how they are currently trending to ensure a home purchase takes place before rates go up significantly due to increased inflation. Now is the time to buy so contact Supreme Lending today as our staff will be more than happy to assist a consumer in finding the home of their dreams," Douglas states.

About Supreme Lending
Supreme Lending offers professional advice for those in the Fort Walton Beach and Okaloosa County area in need of assistance when it comes to the home financing market. This Florida mortgage lender continues to be fully invested in every home loan originated within the company, and has an inherent interest in becoming a partner in home ownership with borrowers. By continuously monitoring mortgage rates, Supreme Lending offers comprehensive real estate financing solutions that conform to borrower expectations. The company remains committed to providing dedicated customer service and great attention to detail to every customer, providing a full range of real estate financing options.

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Jumbo Loans Are Only One Of The Many Services Supreme Lending Offers Their Clients

Daphne, AL -- (SBWIRE) -- 10/11/2013 -- Statistics from the real estate market indicate the industry is beginning to recover from recent economic declination. While home purchases in all categories across the board are experiencing a considerable increase, luxury homes in particular have seen a surge of almost 30 percent over the last 4 years. This comes as no surprise to the staff of Supreme Lending Daphne who provide mortgage loans for residents of the surrounding area. In light of this current market trend, the company has launched increased efforts to extend their jumbo mortgage loans to members of their community.

Said Stephanie Nelson of Supreme Lending, "We are a licensed Alabama mortgage lender focused on providing mortgage loans for Daphne, Fairhope and Spanish Fort. We specialize in real estate financing for those across the Heart of Dixie. Our strength lies in the expertise of our mortgage professionals and their strong ties to the community. We offer a range of mortgage products to satisfy the diverse needs of our clients throughout coastal Baldwin County."

Luxury home purchases typically require jumbo loans, which are defined by the industry as those providing financing for higher loan amounts than are covered by traditional maximum conforming limits. According to Nelson, such loans offer a number of benefits for those with enough income to cover the higher monthly payments. Like their counterparts, jumbo loans are available in both fixed and adjustable rate options. They generally cover financing of up to $2 million. Jumbo loans offer the convenience of a single monthly payment as opposed to the multiple payments associated with some alternatives.

Nelson noted those who opt for interest only payments are limited in their ability to build home equity. The interest rates are usually higher when choosing jumbo loans; however, the staff of Supreme Lending keeps a vigilant watch on the local housing market to ensure they are able to acquire the lowest possible mortgage rates for Daphne AL for their clients. They believe in strengthening their community by forming partnerships with their clients.

"Jumbo loans for luxury home purchases are only a small part of what we offer the community," concluded Nelson, "We also provide conventional loans that conform to the standards of Fannie Mae and Freddie Mac. We help veterans obtain VA mortgage endorsements and can assist with FHA options for lower income families who would not qualify for a loan otherwise. Our expertise also covers specialty opportunities such as USDA Rural Housing loans."

About Supreme Lending
By focusing on catering to the home financing needs of those in their own communities, the professionals at Supreme Lending are able to provide specialized solutions for local borrowers. They constantly monitor the local housing market and work with local underwriters, enabling them to consistently provide the most competitive rates and products for their clients.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm