Florida Mortgage Rates Are Below 5 Percent!
Posted by: admin
on Jan 21, 2010 
Mortgage Rates Followed Bond Yields...
This weeks Mortgage rates (30 year FRM) have just been released by Freddie Mac for the week ending Jan 20, 2010. The Florida mortgage rates are at 4.97 with an average 0.7 points. The national rate for the US is at 4.99 .
| | FLORIDA | USA |
| Average | 4.97 | 4.99 |
| *Fees & Points | 0.7 | 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 this week mentioned that Fixed mortgage rates followed bond yields lower for the third week in a row, pushing 30-year mortgages below 5 percent. He also mentioned that ARM rates slackened along with shorter-term rates, as the federal funds futures market demonstrates no increase in the Federal Reserve's target rate after its upcoming committee meeting on January 26th and 27th.
US Weekly Currency Interbank Exchange Rates 22/01/ 2009
| Currency Rate | Last Week | This Week |
| US$ | 1.623 | 1.613 |
The US dollar gained momentum against sterling after a reduction in investor risk appetite and amplified risk aversion following a move by China and now the US Government to regulate and curb the money markets. This causes concern as it comes at a time when most Governments worldwide are looking at pulling back the emergency funding and additional over-regulation or curbing could snub out recovery growth and discourage investment. This will be a critical issue over the next year and we will have to wait and see how it culminates.
