USDA offers 100% financing in certain locations. Not all locations in Tampa Bay area qualify. Below are some examples of homes available with the size, when it will be completed, and price. We can
Interest Rates Going...Down??
Dated: March 7 2019
Views: 625
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!
Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.
Freddie Mac’s Chief Economist, Sam Khater, had this to say:
“Mortgage rates fell for the third consecutive week, continuing the general downward trend that began late last year.
Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.”
Bottom Line
If you plan on buying a home this spring, let’s get together to prepare you to take advantage of today’s market before rates increase!
Mickey Arruda
Mickey Arruda REALTOR® A true Florida native, Mickey grew up in Ruskin (just south of Riverview), fishing Tampa Bay’s flats and golfing at some of Florida’s premier courses. Mickey pursued a d....
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