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In the majority of the Tampa Bay area, property values have steadily increased since late 2012 and have continued to slowly increase. Along with higher property values, recent reports 
by Mortgage News Daily also highlight that sales prices seem to have peaked at only about 5 to 10% less than the highs in 2006. However, increases have generally slowed down, at least for now.

Mortgage interest rates waffled back and forth for most of 2014 with conventional rates hovering between 4.00% and 4.25% while FHA mortgage interest rates steadily hovered around 3.75%. However the last couple of months of 2014 saw conventional rates finally drop below 4.0% again with most FHA loans reaching back to lows at 3.25%!. And the conventional rates kept getting lower to almost 3.5% during January and part of February. Mortgage interest rates then turned upward again in mid-February 2015 and in the first week of March we saw a significant increase bringing Conventional mortgage interest rates to between 3.875% and 4% with FHA rates to 3.75%.  After about a two week period in late April to the first week of May 2015 when they decreased again,  we saw rates shift back upward, rising above 4% for Conventional and 3.75% for FHA mortgages. After a few weeks of rising rates and then a small decrease, this last week saw them explode more than .1% to bring Conventional rates to around 4.20% and FHA at 3.85% so they are about where they were a year ago.

Here is a recent summary report that includes average rates below: 


Since mortgage interest rates are market-driven, volatility is still very possible as you can see based on the synopsis above. I would certainly advise to keep track of them during the window of looking to buy, putting a contract on a home and closing on the sale of the property.


 If you have been waiting to put your house on the market, since sales prices generally have stabilized over the last 18 months,
it is a great time to sell.
Contact me to find out how much your home is worth TODAY!


If you have been waffling about buying your first home, upgrading or scaling back or purchasing investment property, it is

Don't forget to check out my testimonials and other buyer and seller informational pages in the left buttons!

Whether you desire to buy or sell a single family home, a condominium, villa or townhouse,
I welcome the opportunity to let my
experience, reputation and integrity
as a
Tampa Bay
real estate agent
help make your goal become a reality!

Let's start building a rewarding relationship!

Linda Faucett
727-385-8063 voice/text

Featured Properties

  • 3 Bedrooms
  • 2 Full, 1 Half Bath(s)
  • 1911 Sq ft. (MOL)
  • St Petersburg




My experience working with Linda was fantastic. She is very professional in her approach to her work and it is very clear that she has a strong understanding of the real estate market in Pinellas County. She effectively used her knowledge and expertise while assisting my family with the rental and sale of our home in St. Petersburg.While the real estate market was recovering, she was able to rent our home at a competitive rate. Throughout the rental period, she was a very effective and efficient property manager, taking the lead on all tenant communications as well as all maintenance and repair issues with our home. As the market recovered, Linda listed our home for sale, again at a very competitive price, and was able to secure a buyer in very short period of time. She maintained positive negotiations throughout the entire deal and help us effectively close the deal from across the country. Throughout my working experience with Linda, I also gained personal respect for her as she was always sensitive to the stress that my family and I were enduring as we were recovering from the loss of my father. Linda was a wonderful resource for us and I would highly recommend considering Linda to anyone who is in need of her services!

Ken - Home Seller
St Petersburg

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