Oct 02
2009
2009
Florida Mortgage Rates Dip Below 5%
Posted by Justin in Flat Fee MLS, Florida Flat Fee MLS FSBO, Florida MLS, Florida Real Estate, Fort Waldon Florida Flat Fee MLS FSBO, Key West Florida Flat Fee FSBO, Lake City Florida Flat Fee MLS FSBO, Lake Placid Florida Flat Fee MLS FSBO, Melbourne Florida Flat Fee MLS FSBO, Sellers, Service, Statistics
Mortgage Rate Trend Index
Half (50 percent) of the mortgage experts polled by Bankrate.com expect no change in rates over the next 30 to 45 days. While 21 percent foresee an increase, the remaining 29 percent expect further reductions.
Rates on 30-year home loans dropped below 5 percent for the first time in four months, but still remained above this year’s record low, Freddie Mac said Thursday.
The average rate on a 30-year fixed mortgage was 4.94 percent, down from 5.04 percent last week, Freddie Mac said. The last time the 30-year home loan averaged less than 5 percent was the week ending May 28, when it was 4.91 percent.
Recent Comments