Miami Beach real estate morgages

The Miami Beach real estate market is definitely seeing some light from the buyer’s point of view. The 30 years mortgage rates have reached a record low. Freddie Mac stated that the 30 year fixed mortgages are at an average of 5.1 percent. The average for a 15 year mortgage dropped to 4.83 percent, on five-year, adjustable-rate mortgages rose to 5.57 and on one-year, and adjustable-rate mortgages fell to 4.85 percent. Miami Beach homes and Miami Beach condos buyers are taking advantage of this situation. International and domestic buyers really started to look into all kinds of properties, from waterfront homes to South Beach lofts, Miami commercial real estate properties and Miami foreclosures...