Although rates are lower than they were in the previous years, rates are steadily climbing. Rates are getting better from the results of a stronger economy as well as strong sales in the housing and manufacturing marketplaces.
In Osceola County, FL the real estate housing market total sold dollar volume is up 41% YoY. We are seeing very competitive marketplaces in the county. In the 34747 zip code of Kissimmee, FL, a strong sales trend has presented it self with a 52% increase in total sold dollar volume YoY. This area is the corridor to Disney World FL where the average sold price is $271,377.
Nonetheless, it is still a good time to buy with the 30-Year Fixed Mortgage rate at 4.57% (See chart below for the different mortgage rate details).
Mortgage Rates
|
Current week (ending September 5, 2013 ) |
Previous week (ending August 29, 2013 ) |
|
|
30-Year Fixed Mortgages |
4.57 % |
4.51 % |
|
15-Year Fixed Mortgages |
3.59 % |
3.54 % |
|
5/1-Year Adjustable Rate Mortgages |
3.28 % |
3.24 % |
|
1-Year Adjustable Rate Mortgages |
2.71 % |
2.64 % |
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