Nov 25 2008
Finally; lower fixed rates for Florida Mortgages
This morning the Federal Reserve and Treasury Department announced they were pumping hundreds of millions of dollars into the US economy – specifically aimed at purchasing mortgage backed securities. At first thought I felt banks were going to repeat what has already happened. Keep the funds for themselves and not help homeowners with lowering available Florida fixed interest rates. This time was different.
Fixed mortgage rates for Florida home buyers dropped significantly this morning and again this afternoon. Our 30 year fixed rate was holding at 6.00% yesterday with no points and no origination fees. Today’s 30 year fixed rate is holding comfortably at 5.50% with the same terms.
Of course, these fixed rates are available to very qualified home buyers or home owners seeking a great Florida fixed mortgage. For immediate Good Faith Estimate proposals please contact our office at 888.399.0520 and ask for today’s lower Florida fixed rates.
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