Mortgage rates may be on the rise in Florida, whether it's short-term or long-term, home owners should be aware of this news. Here is the latest news about the increases
(all increases occur within a weeks time):
30 year fixed-rates: increased from 4.51 to 4.60 percent
15 year fixed-rate: increased from 3.69 to 3.75 percent
5 year adjustable-rate: increased from 3.22 to 3.30
1 year ARM: increased from 2.97 to 3.01 percent
Hi Stephanie,
I know it's inevitable but why now as opposed to all the other times we've heard this! Thanks for the heads up!!! Have a good day!
Hi Stephanie,
Nice work! I will re-blog. For now I think once congress makes a decision on whether or not they raise the debt ceiling will determine the rates in weeks to come. Although I am optimistic, with such a volatile market we all want the interest rates to stay low... "Keeps us all employed."
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