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Florida mortgage interest rate shoppers learned a valuable lesson this week: When mortgage rates take a nose dive unexpectedly, they tend to recover just as quickly. Wednesday, conforming mortgage rates plummeted to very near their lowest levels since WWII - thanks to the Federal Reserve's $750 billion pledge to help the mortgage market. Di your Florida mortgage broker lock in your rate? Hope so, because not 24 hours later, those rates expired. Yup. You heard me right. See, after considering the long-term implications of the Federal Reserve -- quite literally -- printing new money to help out the recession, mortgage markets … (0 comments)
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