30-Year Mortgage Rate Declined in August

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For the eighth straight month, information compiled by Freddie Mac shows that mortgage rates continued to decline. As of August 2019, the 30-year FRM – Commitment rate, fell by 15 basis points to 3.62 percent from 3.77 percent in July. The cycle peak was 4.87 percent in November.

According to the July 2019 Federal Open Market Committee meeting statement, as expected, the Fed voted for a quarter-point cut in target federal funds rate to a range of 2.00-2.25 percent. This move was a result of growing global uncertainty...

Wildlife Refuge Plans to Open this Fall near Navarre

By Duwayne Escobedo | 315-4489 | @DuwayneENWFDN |
Posted Aug 15, 2019 at 11:59 AM

HOLLEY — Bill Andersen worked Wednesday to complete a sixth habitat for its animal ambassador, Riley the striped skunk.

“We’re going to have a very happy skunk on our hands,” said Anderson, as he left a growing tree for it to play on.

It is part of the new $1 million digs for the popular Emerald Coast Wildlife Refuge being built on a wooded 2.3-acre parcel in Holley just north of Navarre off State Road 87. The refuge rehabilitates and releases injured or orphaned wildlife indigenous to Northwest Florida. It also responds to strandings of marine life along an 85-mile stretch of Gulf Coast beaches.

Plans call for two more than 2,000-square-foot buildings for education and outreach and for rehabilitation. It will include 23 habitats total, mostly for the wildlife refuge’s ambassadors, which are animals too injured or too dependent on people to live in the wild.

Bill and his wife, Carol, who goes by the nickname “Stormy,” donated the land, which is part of their 6-acre property that includes access to East Bay.

The wildlife refuge has outgrown the aging and cramped fire station on Okaloosa Island that it has...

Florida Unemployment Rates Just Released

The Florida Department  of Economic Opportunity released the latest unemployment numbers for the state. 

Here are the numbers for our Northwest Florida counties.

County June 2019 May 2019 June 2018
Bay 3.8% 3.6% 3.6%
Escambia 3.5% 3.0% 3.8%

How the Fed's interest rate decisions affect mortgage rates

*Posted on by Natalie Campisi

If the Federal Reserve lowers rates at its upcoming July 30-31 meeting, only some mortgage borrowers need to pay attention, including those with adjustable-rate loans. The majority of Americans, who have fixed-rate mortgages, won’t be affected.

At the Federal Open Market Committee, FOMC, some experts predict that Fed Chairman Jerome Powell will lower rates by 25 basis points from 2.25 percent to 2.0 percent. If rates are lowered for the first time in more than a decade, here’s what happens for home shoppers and homeowners.

What will happen to long-term fixed mortgages

Keep in mind that the federal funds rate does not directly affect long-term fixed-interest mortgage rates; those rates are pegged to the yield of U.S. Treasuries, which are set by market forces.

“Mortgage rates are so low today because the popularity of that note has driven its price up and its yield down (there is an inverse relationship between bond prices and yields),” says Robert Frick, corporate economist at Navy Federal Credit Union.

However, there can be indirect impact on long-term interest rates if, for example, the Fed surprised economists and didn’t lower rates. This move could indicate that the Fed isn’t promoting growth, ...

73% of Homeowners Will Invest in Their Nest This Year

According to a recent survey by LightStream, nearly three in four (73%) of homeowners surveyed plan to make home improvements this year, up a whopping 26% from 2018.

Read more here to find out why homeowners are renovating and upgrading their homes.


Hwy 87 Expansion in Navarre Finally Finished after almost 17 Years

Year after year, since August 2002, construction on State Road 87 between Hwy 10 & Navarre has been going on.  Finally, after almost 17 years the expansion was completed on July 8th.

With the popularity of Navarre Beach growing, It was necessary to turn this two laned road into something that could accomodate tourists and residents as a possible evacuation route in case of Hurricanes.  That's when the work began.

To read the entire article click here.


Local school districts shine on state tests

Posted Jun 28, 2019 at 6:56 PM, Updated Jun 28, 2019 at 6:56 PM

Santa Rosa, Okaloosa and Walton counties’ school systems all performed better than average on state testing in English, mathematics, science and social studies, the Florida Department of Education revealed Friday.

In many cases, they scored among the highest of the 67 school districts in the state.

Okaloosa County schools performed fourth best in the state in taking its composite scores on all the tests, reported Steve Horton, a district assistant superintendent.

“It was a year of distractions in Okaloosa County,” Horton said. “When it came down to it, our teachers and...

New Camp Watercolor is Now Open!

Just in time for the Summer Season! Now one of the expansion projects that have been underway in Watercolor, Camp WaterColor is now Open!

Camp WaterColor includes 3 pools!  The main "Butterfly" Pool includes the "Monarch" Slide!  Staffed with Lifeguards, this is a Heated Pool!

The "Caterpillar" Pool features the "Skipper" Slide, Zero-Entry and includes a Children's Area!  This pool is also heated!

Last but not least is the "Lazy Lizard" Pool!  Featuring a lazy river, Zero-Entry, this pool is great for relaxing as you move through the twists and turns of this popular water feature!

Other features of this new expansion include a new basketball court, playground and the Canteen Restaurant & Bar is open every day!  Serving food and drinks, hours of operation are from 11:00 am to 7:30 pm.

Just another reason to own in the Premium Community of Watercolor!

Photo courtesy of


Market Snapshot of May Sales around 30A

This has been a FANTASTIC year for 30A Sales and May wasn't any exception!  With mortgage rates continuing to hold steady and the Summer Season, this is the BEST TIME to buy!  Take a look at these 30A stats below!


Grayton Beach State Park Ranked in the Top 10 Beach for 2019!

Grayton Beach State Park Ranked in the Top 10 Beaches
for 2019 by Dr. Beach

Everyone who has visited Grayton Beach State Park isn't surprised at the top honors recently given!  Not only is it ranked in the Top 10, it's been ranked as #3!
The Park, with almost 2,000 acres, offers a variety of adventures including fishing, paddling, hiking and biking trails, bird watching, camping and much more!  Stay in one of the cabins and experience all it has to offer!

Click here to see the Top 10 Beaches for 2019 by Dr. Beach!

Click here to visit the Grayton State Park website & make your plans today!