Case Shiller Single Family Value Index

The Case Shiller Single Family Value Index for September was published today.  Value in South Florida rose .62% for the month and 6.7% for the year though 30 September.

The national average mortgage rate is 3.99% this week for 30 year fixed-rate loans; it was 4.01% last week. 15-year rate average is 3.17%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now. If you've been putting off refinancing or making a purchase, now is the time to make your move.

National Average Mortgage Rate Down a Smidgeon

The national average mortgage rate is 4.01% this week for 30 year fixed-rate loans; it was 4.02% last week. 15-year rate average is 3.20%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage. Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now. If you've been putting off refinancing or making a purchase, now is the time to make your move.

Average National Mortgage Rate Back Above 4%

The national average mortgage rate is 4.02% this week for 30 year fixed-rate loans; it was 3.98% last week. 15-year rate average is 3.21%. Buyers should always investigate the possibility of a 15-year loan. In some cases a few more dollars each month can translate to thousands saved over the life of a mortgage.  Note that these are the National Average rates check with your lender for rates in Fort Lauderdale-or give me a call for a lender referral.

Slow growth in consumer spending is keeping inflation at bay but as the economy improves it will be necessary to raise rates. (the opinion of this charlatan economist). What this means to you is; it is unlikely rates will be any more favorable than they are right now.  If you've been putting off refinancing or making a purchase, now is the time to make your move.