Mortgage Rates Hover Near Record Lows
Great news for those wish to buy a home or sell your real estate in Tampa, Florida! Mortgage rates are hovering at near record lows. Freddie Mac performed a Primary Mortgage Market Survey® and the results show that 30-year fixed-rate mortgage (FRM) averaged 4.93 percent. The 15-year FRM averaged 4.33 percent, and the 1-year Treasury –indexed adjustable rate mortgage (ARM) averaged 4.23 percent. What does that mean in the big scheme of things for the real estate market? It means buyers have the ability to obtain financing at near historically low rates. It is also good news for sellers as buyers have more reasons to get off the fence and purchase that home they have been dreaming of but thought they could not afford. It’s a win-win for buyers and sellers. We have heard for months that the time to buy is now! It could also mean the time to list or sell your home is also now. Buyers are abundant. RealtyTimes® article Mortgage Rates Hover Near Record Lows adds “The National Association ...