LifeByTheBeach

Mortgage Rates Hit New Lows! | Brevard County, FL Real Estate | Carolyn Smith, Realtor

Posted on: May 8, 2012

Carolyn Smith, Realtor – Brevard County, Florida Real Estate: Mortgage Rates Hit New Lows!

Brevard County FL Real Estate

Take advantage of today’s historically low interest rates… now is a great time to buy a home or condo in Brevard County, FL!

Once again, mortgage rates hit new record lows! The average rates for 30-year and 15-year fixed mortgages fell to their all-time lowest levels late last week, offering yet one more incentive for folks to buy a new home, or refinance their current home in Brevard County, Florida. These all-time record low rates make the borrowing costs for home ownership very hard to resist, especially as home prices are still at reasonable levels across Brevard County, Florida.

According to Freddie Mac, the rate for a 30-year fixed mortgage fell to 3.84 percent, which is the lowest rate ever recorded in the 40-year history of the Freddie Mac Primary Mortgage Market Survey. The previous record of 3.87 percent was reached in February of this year. A year ago at this same time, rates for a 30-year mortgage averaged 4.71 percent.

The rate for a 15-year fixed rate mortgage, a popular choice for refinancing, fell to 3.07 percent, which is another historical low. Previously, the record-low rate was 3.11 percent, set in April of this year. A year ago at this same time, rates for a 15-year mortgage averaged 3.89 percent.

These rates do not include the extra fees, or points, that borrowers must pay in order to get the lowest rates. The average fee for 30-year loans was 0.8 last week, up from 0.7 the previous week. The fee on 15-year loans was 0.7, the same as last week.

If you want more information about Freddie Mac and current interest rates, click here on: Freddie Mac and find the link called “Compilation Weekly Surveys”, at the bottom right of the home page. It provides interest rate and point information for the different regions of the country, so you can get specific information for your region. Just remember that your credit score and the specific home or condo you want to buy, as well as some other factors, will all have an effect on your loan options and interest rates.

If you are ready to buy or sell a home or condo in Brevard County, Florida, give me a call at 321.271.0870 and we can discuss your options. The Brevard County, FL real estate market is strong, and heating up even more as we come into the summer season… now is a great time to talk about your real estate needs!

Start your dream home search right here: Carolyn Smith Realtor Website

Whether you are buying or selling, it would be my pleasure to represent you!

Please call or email me today to review your real estate needs!

Contact me, Carolyn Smith at:

Phone: 321.271.0870

Email: CarolynSmithRealtor@gmail.com

www.CarolynSmithRealtor.com

SRES – Accredited Seniors Real Estate Specialist

CDPE – Certified Distressed Property Expert


1 Response to "Mortgage Rates Hit New Lows! | Brevard County, FL Real Estate | Carolyn Smith, Realtor"

[…] Mortgage Rates Hit New Lows! | Brevard County, FL Real Estate …  […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 103 other followers

Visit Our Website: www.CoastalEstateTeam.com

Email Us: info@CoastalEstateTeam.com

Your Coastal Estate Team: Carolyn Smith, Realtor & Bridget Sentz, Realtor

"Your Coastal Estate Team"

Contact Carolyn at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Direct: 321.271.0870
Fax: 321.574.3044

Email: CarolynSmithRealtor@gmail.com

Contact Bridget at:

RE/MAX Olympic Realty
445 Fifth Avenue
Indialantic, FL 32903

Cell: 321.537.5720
Office: 321.952.4000

Email: BridgetSentz@gmail.com

Click Here to Search the MLS

Melbourne Beach Surf Report

LifeByTheBeach Blog Archives

%d bloggers like this: