Mortgage Rates Continue to Hit Record-Lows
Spectacular view to the appealing Brickell Key condos, a great place to invest in these low-rates times! Mortage rates have once again hit record-low levels, according to Freddie Mac, the second largest home loan financer in the country. On Auguts 19, two days ago, 30-year-fixed-rate mortgage was down to 4.42 percent,...
Fannie Mae Approves 70 New South Florida Condos
Washington-based Fannie Mae has approved in total 123 condos for financing in Florida, a very high number in comparison with previous years, although this one has not ended yet. 70 of those condos are in South Florida, with the central area (Orlando, Fl.) being the most benefited with the approvals. Condos...
Consumption stimulation: Record-low mortgage rates
Freddie Mac reported once more that mortgage rates for 30 and 15-year loans fell to low levels in decades, reaching 4.17 and 3.57 percent, respectively. The rates were previously around 4.24 for 30-year-fixed mortgages, and 3.63 for 15-year ones, both rates from last week. As a result, rates are at...
Mortgage Rates Rise: Looking Up to December
Rates are linked to 10-year Treasury bonds, that have had some activity in the market as investors try to sell them. The selling is motivated by the feeling that upcoming tax cuts and unemployment benefits will strenghthen consumption and demand over stocks, instead of low-yield bonds. In short, people would be...
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