The Florida  mortgage rate(30 yr FRM)  is sitting at 4.94, with an average 0.7 points, according to results released by Freddie Mac, for the   week ending March 12,  2010. The national mortgage  rate for the US is  sitting  at 4.95.

 *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 in this weeks release spoke of the current rates and the bigger economic picture.

He  mentioned that this  week the Florida mortgage rate eased amid mixed economic reports,  

• Pending existing home sales fell 7.6 percent in January, this is way below the market consensus of a 1 percent gain. 
• February saw the economy lost only 36,000 jobs, fewer than market forecasts
• The unemployment rate held steady at 9.7 percent. 

US Weekly Currency Interbank Exchange Rates 7/01/ 2009

 Our currency expert Charles Purdy gave us a  snapshot of  US currency this week. He mentioned that the credit rating agency Standard and Poor’s gave the US dollar a vote of confidence this week  stating that it would continue to be the international reserve currency as long as markets remain stable and US government spending is efficient and sustainable.

Lastly he mentioned that the key economic data out this week was US retail sales. After harsh weather conditions across most of the US, it was anticipated that sales would  drop marginally, however they increased!