Freddie Mac released its Primary Mortgage Market Survey® (PMMS®) October 15th, which shows mortgage rates maintaining below 4 percent for 12 consecutive weeks.
Economists point to the slowdown in the jobs market as one indication on why interest rates are staying low, and now predictions are forecasting that the near zero interest rates may remain through the end of the year. This will affect not only Fort Myers luxury homes but also Coral Springs homes for sale and others.
With inflation low, the Federal Reserve has stated there is no reason to raise interest rates. But a turn in inflation may lead the Federal Reserve to remove its market stimulus and move mortgage rates.
Comments(0)