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Some good news:

According to the Mortgage Bankers Association mortgage loan application volume rose again last week, increasing 7.5 percent on a seasonally adjusted basis compared to the previous week.
On an unadjusted basis, the index increased 6.3 percent and was up 34.1 percent compared with the same week a year ago. This is the fourth consecutive week mortgage application volume has risen.

The increase was driven by refinances, with the refinance index increasing 12.7 percent from the previous week. The purchase index rose 1 percent with nearly all the increase coming from applications for government loans.

Mortgage rates rose slightly but the increase didn’t seem to deter applicants:

• 30-year fixed-rate mortgages increased to 5.24 percent from 5.15 percent.
• 15-year fixed-rate mortgages increased to 4.58 percent from 4.52 percent.
• 1-year ARMs increased to 6.74 percent from 6.66 percent.

From http://www.mbaa.org/NewsandMedia/PressCenter/70129.htm

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Many homeowners who have the homestead exemption believe their taxes should go down because their tax-assessed values went down. 

However a loophole in the homestead law allows the tax-assessed value to increase a maximum of 3% if it’s less than the assessed value so a particular property tax may actually increase.

The property appraisers website can be accessed at www.pcpao.org. Look for “Search Our Database” then enter your property information.

Hope this helps.