Rates Hit Their Lowest Level in Over a Year

According to Freddie Mac, the average 30-year fixed-rate mortgage rate dropped to 6.47% from 6.73% last week. Mortgage rates fell to their lowest level in over a year, which helped boost the housing market. In the past year, the average interest rate for a 30-year fixed-rate loan was 6.96%. In addition, the average 15-year fixed […]

Mortgage Rates Fall for Second Week in a Row

KEY TAKEAWAYS Average mortgage rates in Florida fell to their lowest level since mid-March this week. According to Freddie Mac, the average interest on a 30-year, fixed-rate loan is 6.77%, down 12 bps from last week. The mortgage rates in Florida have been trending down since early May, despite a couple of bumps here an […]