Florida Mortgage Rates Are Sitting At Near Record Lows...

maryaldossary@gmail.com — Fri, 19 Feb 2010 01:48:35 +0100

Florida Housing Market May Be In In Slow State Of Recovery!

This weeks sees the Florida 30 year fixed rate mortgage(FRM) sitting at 4.91, with an average 0.6 points, according to results released by Freddie Mac, for the week ending Feb 18, 2010. The national rate for the US is sitting at 4.93 . This is the fourth week the rates have been below 5%!

30-Year Fixed Rate Florida Mortgage Rate & USA (18/02/10)/01/10)
FLORIDA USA Average 4.91
4.93
*Fees & Points 0.6 0.7

*Fees and Points are the total charged by the lender at settlement. One point equals one percent of the loan amount. Primary Mortgage Market Survey® data provided by Freddie Mac

Frank Nothaft, Freddie Mac vice president and chief economist highlighted that, current economic data released suggests that the housing market may be in a slow state of recovery.

He cited data released by National Association of Realtors (NAR) that found existing home sales rose

In 48 states and the District of Columbia between the third and fourth quarters of 200932 states experienced double-digit growth. In addition, 67 metropolitan areas saw positive annual house price growth in the fourth quarter, more than double that in the third quarter, according to the NAR. Florida Association of Realtors (FAR) confirm this rise in home sales in FloridaNew Home Construction Is Also On The Up!One-family housing starts rose to an annual pace of 484,000 homes in January, up almost 36 percent from January 2009, according the U.S. Census figures. Homebuilder studies of market conditions over the first half of 2010 improved in February, according to National Association of Homebuilders/Wells Fargo Housing Market Index.
If you are coming off the fence to to buy property in Florida due to good economic factors let us help you...

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Florida Mortgage Rates Are Sitting At Near Record Lows...