Rates are Bumping UP!

Good afternoon Sunshiners!

Here’s a look at the bump in rates since the beginning of the year. Thanks to our friend, Rick Whisman, for the rates and continuous follow up! Rates are slowly rising, give us a call TODAY to see how we can help you. Don’t forget to mention you heard about us on the blog or Facebook and ask for Ashley :). Have a Sunshine day!


Conventional 30 year fixed                            4.250%           0 pts

Conventional 30 year fixed 3% Down           4.375%           0 pts

Conventional 20 year fixed                            4.125%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.375%           0 pts


Conventional 30 year fixed                            4.125%           0 pts

Conventional 30 year fixed 3% Down           4.250%           0 pts

Conventional 20 year fixed                            4.000%           0 pts

Conventional 15 year fixed                            3.750%           0 pts

Conventional 7 year ARM                            3.875%           0 pts

FHA/USDA/VA 30 year fixed                      4.250%           0 pts

 WEEK OF 1/9/18:

Conventional 30 year fixed                            3.875%           0 pts

Conventional 30 year fixed 3% Down           4.000%           0 pts

Conventional 20 year fixed                            3.625%           0 pts

Conventional 15 year fixed                            3.375%           0 pts

Conventional 5 year ARM                            3.375%           0 pts

Conventional 10 Year Arm                           3.625%           0 pts

FHA/USDA/VA 30 year fixed                      3.875%           0 pts



Real Estate & Law

Good morning and Happy Monday!

We are HUGE morning people, so we are ready to roll with the posts! We hope you are too ;). As some of you may know, real estate requires a LOT of law and legal jargon that us salespeople and brokers SHOULD be aware of! Trust me, after just passing the brokers courses and finals myself, there’s some stuff in there that I’m sure most people not in our field are unaware of. So to help everyone out a bit, I found this awesome informative Pinterest post on what sellers should consider legal wise. Hope this helps brighten your day and expand your knowledge in the wonderful world of real estate!

Have a Sunshine Day everyone!

-The Sunshine Team

Ashley, Evelyn & Dana


What’s the STATUS?

Hi everyone!

Lately, we have been getting a lot of new buyers, which we LOVE! One of the things they count on us for is to understand the MLS (multiple listing service) and be able to answer any questions they may have.  A common misunderstanding we come across with newbies to the real estate market is not understand status and the difference between the status abbreviations you may see on website such as Realtor, Zillow, Trulia, Homes.com, etc. Here’s a full breakdown from us at Sunshine Realty to help anyone and everyone out for future reference 🙂

A: A means active. Property is available and can be scheduled to be shown.

CN: CN stands for Contingent NO kickout. This means there is a contract on the home and it stands to be a solid contract. All that is pending is the closing of the sale. Most times, home is unavailable to be shown. If it is available to be shown, it should be in agent remarks and it is usually just to accept possible back up offers.

CW: CW stands for Contingent WITH kickout. This one is probably the most confusing to our customers. If a home is contingent WITH a kickout that typically means that the buyers still need to sell their home and the contract is contingent upon that. Most of these have a kickout clause where if a buyer comes in and wants to purchase that home, they can kick the current contract out within 48 hours if the current buyers cannot secure financing.

P: P stands for Pending. Same as CN. Contract on home and is just pending on the closing of the sale. Typically unavailable.

O: O means Option. Same as P and CN,  option is a contract on a specific piece of real estate that allows the buyer the exclusive right to purchase the property. The buyer has the option to buy the property within a certain timeline, however, the seller cannot sell to anyone else in that period.

We hope this is informative for you and that this helps you in your future endeavors. We understand that real estate can be a bit confusing and we are here to help clear any of that up for you as much as we can! Give us a call today, this week, next week or whenever you need us at 636-336-1330 and ask for Ashley :).

Have a Sunshine week everyone! Stay warm in these ranging temps 😉

-The Sunshine Team

STL lands on national list for highest real estate returns!

ST. LOUIS, MO/August 7, 2017 (STLRealEstate.News) HomeUnion, an online real estate investment management firm, released a report this week for usatoday.com in which they ranked the top 20 zip codes in the United States with the biggest return on real estate at this time.  Naturally, St. Louis found its way onto the list, which was configured by identifying zip codes that maximize real estate returns while minimizing risk over a five-year horizon.  The firm went onto examine school quality and neighborhood attractiveness for single-family rentals over the five-year period.

“HomeUnion Research Services looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, home-ownership, permitting activity, and more,” said Steve Hovland, director of Research for HomeUnion.  “Based on those attributes, we forecast appreciation, vacancy, and rent changes over the next five-years.”

The study also calculated Annualized Total Return, which includes HomeUnion’s projections for how much the value of single-family rentals will appreciate and how much cash flow they’re expected to generate in the future.  HomeUnion’s model, according to Hovland, can determine the price and rent for every single-family home within a specific zip code while enabling them to predict the price and rent in five-years.

Americans are known for investing in real estate for flipping a profit over a certain time period.  Therefore, knowing a zip code and its predicted appreciation rate is a critical tool for those looking to invest in 2017 and 2018.  To mitigate the risks, investors should focus assets that can maintain value even during downturns.

Number 20 on the list kicks off with North Indianapolis, Indianapolis with annualized total returns at 5.4%.  Next comes North Hollywood, California with a 5.4% annualized return as well.  Jumping up to number 17, Maryland Heights, St. Louis clinches the spot with 5.5% returns.  Number one is Hamptons at Boca Raton, Florida.”

Thanks to stlrealestate.news for the information!

We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team


FHA Lowers MIP!!

Good Evening Sunshine 🙂
We can’t wait to share this news. Just…WOW! Another step to help home buyers accomplish the purchase of their dream home! Thank you to National Association of Realtors for sharing this exciting news!
In a move applauded by housing experts, the federal Housing Administration (FHA) took an important step to help low and moderate-income buyers get into a home.  For the first time in two years, FHA has cut their annual mortgage insurance premium.  The premium has been cut from .85 to .60 percent.” (Reference: Nat’l Association of Realtors)
See the full article here: http://narnewsline.blogs.realtor.org/2017/01/09/fha-cuts-mortgage-insurance-premium-for-first-time-since-january-2015/#sf50032163