Friday, August 20, 2010

30-Year Mortgage Rate Drops Back to Record Low

Another Reason Why Now is the Time to Buy Real Estate in Tampa, Florida!

If prospective real estate buyers in Tampa, Florida ever needed a reason to buy now, the fact that the national 30-year fixed-mortgage rate is back at a near record low average of 4.28% is a good place to start serious consideration. Incredibly low mortgage rates and real estate prices should be adequate incentives to prompt home buyers to act now. According to the Zillow Mortgage Marketplace weekly update, the recent decrease in mortgage rates is down 0.02% from last week.

Consider the facts. Rock-bottom real estate prices combined with record low mortgage interest rates add up to NOW factually being the best time to buy an existing home or the brand new home you have been dreaming of! Florida’s average rate is now 4.21%, which is down from 4.24% from a week ago. The average rate for 15-year fixed home loans remained at 3.86%, and the rate for a 5-1 adjustable-rate mortgage is 3.23%.

So, if you have been dreaming about buying your home and have been waiting for the right time to act, now truly is the best time ever to buy! Call SI Real Estate to speak with a real estate specialist today, and make your dream of homeownership a reality.

Call us at (813) 631-5144
E-mail us at
Visit us at

No comments: