Florida Mortgage Rates Continue to Fall
According to Bankrate.com's weekly national survey released Thursday, the average 30 year fixed mortgage rate fell to 5.41% which has an average of 0.27 discount and commencing points. This is great news for those Floridians who now have a chance to purchase Miami real estate at discounted prices.
The average 15 year fixed and jumbo 30 year fixed mortgage rates declined by equally, to 4.74% and 6.34%. Adjustable rate mortgages (ARM) were mixed; with the average one-year ARM rising to 5.15% and the five year ARM lower to 4.94%.
Full article...Florida Mortgage Rates, Miami Real Estate
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