South Florida, Mortgage Rates are Still Under 4%
Year Ending With Mortgage Rates Under 4%!
Fixed Mortgage Rates in the US have been at an all time low over the past year. Mortgage rates rose above 5% only twice this year.
- Current 30 year fixed rates: 3.95% (Week Average)
- Current 15 year fixed rates: 3.24% (Week Average)
Take a look at the rates for an Adjustable Rate Mortgage (ARM) below.
Source: Freddie Mac
Freddie Mac Weekly Mortgage Market Update
Jumbo Loans
- Jumbo Loans: Any Loan Over $417,000
- These Loan to Values are for Primary and 2nd Single Family Residences, Investment properties have a Maximum Loan to Value of 65%.
Source: Sunbelt Lending Services
If you are thinking about purchasing a South Florida home now is the time for you to secure a loan while interest rates are low. Contact us today to schedule a consultation with a Loan Officer.
