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Central Florida Current Mortgage Interest Rates & Forecast for the Orlando Area February 2024!

By
Real Estate Agent with Re/Max Town & Country Realty BK560717

Here’s the Orlando & Central Florida
Real Estate Market and Interest Rate Update
From Top Orlando Realtor Scott Garrison...

 

CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION:

Mortgage News Daily:
30 Year 6.72%
15 Year 6.00%

Mortgage Bankers Association:
30 Year 6.81%
15 Year 6.41%

Freddie Mac Reports:
30 Year 6.66% 
15 Year 5.87%

To find out what today's INTEREST RATES are here in Central Florida
>>>>>  CLICK HERE


To find out about the State of Orlando's Real Estate Market, check our Youtube playlist
>>>>> CLICK HERE

 

          CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help!

          These are rates directly from these entity's published information and have no bearing on the rates or fees you may have to pay to obtain a mortgage. Your rate will always depend on your scenario and qualifications. If you are looking for the risks and benefits of locking your interest rate in or have questions on a specific loan scenario, please contact me. I will keep you up to date with the market in real-time to stay a step ahead of interest rate changes and market trends, so you know what is happening in the mortgage market.

 

CENTRAL FLORIDA Current ORLANDO-Area Market Stats:

January 2022
The median price of a Home (Central Florida):    $335,000
Mortgage Interest Rate (Ave. 30-year Fixed):                 3.38%
Inventory (Number of Homes for Sale):                         2,379
Avg. Days on Market (Home to Sell):                                   32

January 2023
The median price of a Home (Central Florida):    $350,000
Mortgage Interest Rate (Ave. 30-year Fixed):                  6.13%
Inventory (Number of Homes for Sale):                           6,115
Avg. Days on Market (Home to Sell):                                    57

January 2024
The median price of a Home (Central Florida):    $360,000
Mortgage Interest Rate (Ave. 30-year Fixed):                  6.51% 
Inventory (Number of Homes for Sale):                          8,217
Avg. Days on Market (Home to Sell):                                    57

% Appreciation since LAST YEAR:                              104.48%
% Appreciation in last 2 Years:                                    107.46%

         In conclusion, the current mortgage interest rate of 6.51% suggests that the optimal time to purchase a home may have passed, and this trend is expected to persist for the next two years. Additionally, with an average of 49 days on the market, the persistently low inventory creates an opportune moment both for selling and buying real estate.

source: https://www.orlandorealtors.org/statemarket

 

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HOW do you PICK the BEST Local Orlando-Area REALTOR? ...especially when you are considering a few Different Realtors that you have your eye on or that were referred to you?

Answer:  TAKE THE ZILLOW-YOUTUBE-GOOGLE CHALLENGE!
This will take you less than 5 minutes...

  1. Go to www.ZILLOW.COM  this is the most popular Real Estate Site in the US by a wide margin.  Go to the Agent finder tab, type in the name of the other Realtors you are considering, see what comes up. Then type in Scott Garrison in Orlando, and see what comes up.  Click HERE to see Scott's list of Sold Homes and Reviews on Zillow

  2. Go to  www.YouTube.com; this is the second most used site on the entire internet!  Type in the name of the other Realtors you are researching, and see what comes up. Now type in “Realtor Scott Garrison” and compare the results.  Then type in “Top x Realtor”  where X is your city, such as “Top Casselberry Realtor” or “Top Winter Park Realtor” and see what your search results are.  Click HERE to see Scott Garrison's YouTube Channel and Virtual Property Tours

  3. Go to www.GOOGLE.com  the most used site on the internet! Type in the name of the other Realtors you are researching, and see what comes up. Now type in “Realtor Scott Garrison” and compare the results.

 

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About Realtor Scott Garrison:

Bringing over 36+ years of experience as a local Orlando Realtor, Top Central Florida Realtor SCOTT GARRISON at ReMax Town & Country Real State has helped perhaps more Orlando-Area families and investors buy and sell Central Florida Residential Real Estate than any other of the #19,000+ Orlando Realtors currently working in the Central Florida area! 

 

Living in Oviedo and with RE/MAX Real Estate offices in both WINTER SPRINGS, Florida and WINTER PARK, FL, Top Realtor SCOTT GARRISON actively serves your best Residential Real Estate needs virtually anywhere you’d want to be in Central Florida… including Orange, Seminole, Volusia, Osceola, Brevard, and Lake Counties. Scott has lived here in the Central Florida local Orlando-Area for nearly all of his life, attending the local Winter Park High School and graduating with several degrees from the nearby University of Central Florida. 

 

As a Top Seminole & Orange County Real Estate Agent, Realtor Scott Garrison also has extensive experience in Residential Sales and Purchases, Vacant Land and in helping clients with Foreclosures and Short Sales!  He owns multiple Rental Property right here in the area, and over the years, has done many “flips” by buying “ugly houses” and making them Pretty for a new buyer, so he also understands the Real Estate Investor mindset!  Call Scott today to find out why “This Realtor WORKS!”

Comments (1)

Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Feb 26, 2024 03:02 AM